Less Ads, More Data, More Tools Register for FREE

Pin to quick picksIofina Share News (IOF)

Share Price Information for Iofina (IOF)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 20.75
Bid: 20.00
Ask: 21.50
Change: 0.00 (0.00%)
Spread: 1.50 (7.50%)
Open: 20.75
High: 20.75
Low: 20.75
Prev. Close: 20.75
IOF Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

LONDON AIM WINNERS & LOSERS: Ironridge Rallies On Ewoyaa Study Results

Tue, 19th Jan 2021 10:37

(Alliance News) - The following stocks are the leading risers and fallers on AIM on Tuesday.

----------

AIM WINNERS

----------

Ironridge, up 45% at 21.00 pence. The Australia-based minerals exploration company reported "exceptional" scoping study results at the Ewoyaa lithium project in Ghana, with the study supporting the business case for 2.0 million tonnes per year production operation with life of mine revenue exceeding USD1.55 billion.

----------

Alumasc Group, up 23% at 140.00p. The Kettering, Northamptonshire-based building products supplier said conditions in its markets have remained positive, resulting in a "record" profit for the first half. Revenue increased 11% year-on-year to GBP45.6 million in the six months to the end of December and underlying pretax profit surged to GBP6.0 million from GBP2.3 million. Alumasc said it has entered the second half with good momentum and a resumption of its previous dividend policy is being mulled over by the board.

----------

Microsaic Systems, up 20% at 0.24p. The developer of mass spectrometry instruments said that it has, through Turner Pope Investments, conditionally raised GBP5 million via an oversubscribed placing of 5.00 billion new shares. "The net funds from the placing will fund the commercialisation of Microsaic's current miniaturised products and services, provide funds to further develop Microsaic's product and service portfolio and fund general working capital purposes to drive increased revenues by collaborations and revenue sharing opportunities that build and extend our existing sales, marketing and distribution channels," said Chief Executive Glenn Tracey.

----------

Trufin, up 15% at 77.44p. The the lending and technology company said revenue for 2020 is expected to be "significantly" ahead of market expectations, at around GBP14.6 million - double the GBP7.3 million posted for 2019. Firm's adjusted pretax loss also expected to be ahead of market forecasts, at no more than GBP8.4 million versus a loss of GBP9.3 million the year before.

----------

Thor Mining, up 13% at 1.03p. The exploration and development company with projects in Australia said it has raised GBP750,000 via the placing of 88.2 million new shares at 0.85p each. A London-based specialist resources investor is investing GBP600,000 and Artemis Resources - of which Thor director Mark Potter is non-executive chair - is also to invest GBP150,000. Funds will be used for exploration activities at the Ragged Range, gold & nickel project in the Pilbara Western Australia, copper evaluation at Alford East in South Australia, initial drilling of the uranium and vanadium projects in the US, and general working capital.

----------

AIM LOSERS

----------

Mountfield, up 19% at 0.49p. The Essex-based flooring and construction firm said accounts for the second half of 2020 show "the impact of the pandemic on the group", as it achieved a level of profitability below that in the first half. As a result of difficult trading conditions and uncertainty over which areas of construction will be in demand following the pandemic, the firm is considering making structural changes to the group.

----------

Iofina, down 7.2% at 13.45p. The US-focused iodine producer reported second half crystalline iodine production of 325.5 metric tonnes, the highest half-year production total in company history. However, back in October the firm said it was on track to achieve the lower end of its 340 to 360 metric tonne forecast for the second half. Iofina said indications in 2021 suggest the iodine market is recovering after lower demand in the second half of 2020.

----------

By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
6 May 2015 14:59

Earnings, Trading Statements Calendar - Week Ahead

Read more
6 May 2015 05:14

Earnings, Trading Statements Calendar - Week Ahead

Read more
5 May 2015 15:15

Earnings, Trading Statements Calendar - Week Ahead

Read more
15 Apr 2015 16:12

Iofina on track to meet first half production target

Iodine producer Iofina said it produced a record amount of the element last month and was on target to meet its target for the first half of the year. In a statement released on Wednesday, the group said its output in the first quarter reached a record 127.9 tonnes, compared with the 47 tonnes it pr

Read more
15 Apr 2015 07:29

Iofina Production Rises, Says Plant Shutdown Won't Affect Targets

Read more
13 Jan 2015 08:31

Iofina Doubles Production In 2014 With Further Increase Expected In 2015

Read more
6 Oct 2014 10:59

UK MIDDAY BRIEFING: Tesco Bolsters Board With Experienced Retailers

Read more
6 Oct 2014 10:18

UK WINNERS & LOSERS: Airlines Continue To Gain As Oil Prices Slide

Read more
6 Oct 2014 07:26

UK MORNING BRIEFING: Tesco Leads Opening Gains As It Bolsters Board

Read more
6 Oct 2014 06:56

Iofina Production Up In September, Preliminarily Granted Water Permit

Read more
30 Sep 2014 11:50

Iofina Posts Widened Loss As Costs Rise, Iodine Production Rises

Read more
30 Sep 2014 09:50

Tuesday broker round-up UPDATE

Aberdeen: Goldman Sachs ups target price from 540p to 560pp retaining a buy recommendation. African Barrick Gold: Deutsche Bank moves target price from 270p to 280p and reiterates a hold recommendation. Investec lowers target price from 260p to 258p, while upgrading to buy. African Minerals: Invest

Read more
18 Sep 2014 11:38

UK MIDDAY BRIEFING: EasyJet Shares Rise On Dividend Hike

Read more
18 Sep 2014 11:11

CORRECT: Iofina Shares Drop 14% On Cut To Full-Year Production Forecast

Read more
18 Sep 2014 10:55

UK WINNERS & LOSERS: EasyJet Buoyed By Dividend Hike

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.