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Share Price Information for Cadence Mineral (KDNC)

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Share Price: 4.10
Bid: 4.00
Ask: 4.20
Change: 0.00 (0.00%)
Spread: 0.20 (5.00%)
Open: 4.10
High: 4.10
Low: 4.10
Prev. Close: 4.10
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AIM WINNERS & LOSERS: Cadence rises on Amapa "landmark"; ASOS dives

Mon, 11th Oct 2021 10:59

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

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AIM - WINNERS

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Cadence Minerals PLC, up 42% at 24.65 pence, 12-month range 11.1p-32.49p. Receives confirmation from its secured bank creditors that they have obtained approval from their credit committees for the proposed terms of a settlement agreement, paving the way for Cadence to vest an initial 20% in the Amapa iron ore project in Brazil. A joint venture between Cadence and Indo Sino Trade Pte Ltd will own 99.9% of DEV Mineracao SA, the owner of the Amapa project. "Today's announcement is a landmark for Amapa, both in terms of certainty for DEV employees, the wider Amapa community and for Cadence shareholders," says Chair Andrew Suckling.

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Reneuron Group PLC, up 31% at 123.80p, 12-month 70p-153.78p. The biotechnology company reports positive data that provides "clear pre-clinical proof-of-concept" that its novel exosome drug delivery technology can effectively deliver therapeutic proteins to the specific region of the brain affected by several neurological diseases. "These results are a key milestone for our exosome delivery technology, establishing clear proof of concept in vivo, which more accurately imitates conditions for the targeted delivery of key neurological therapeutics into the human brain," says Chief Executive Olav Hellebo.

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Feedback PLC, up 16% at 0.8432p, 12-month range 0.6p-1.57p. The medical imaging software company signs memorandum of understanding with Quest Teleradiology Solutions - a teleradiology organisation with customers across India, the UK and throughout Africa - to develop strategic opportunities for Bleepa, its clinical communications platform, in the "large and growing" Indian healthcare market, the UK and internationally.

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Oracle Power PLC, up 15% at 0.385p, 12-month 0.3p-0.75p. The natural resources project developer signs non-exclusive co-operation agreement with PowerChina International Group Ltd to jointly develop a green hydrogen production facility in Pakistan. It is targeting 400 megawatt capacity hydrogen plant, with planned output of around 150,000 kilograms per day.

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AIM - LOSERS

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ASOS PLC, down 11% at 2,474p, 12-month range 2,300p-5,994.95p. The online fashion retailer posts jump in annual profit, but warns on year ahead and announces departure of chief executive. Adjusted pretax profit for the 2022 financial year expected between around GBP110 million to GBP140 million. This is well below the GBP193.6 million registered for the financial year just ended. ASOS shakes up board to "underpin delivery of the next phase of its global growth strategy". CEO Nick Beighton is stepping down after 12 years with ASOS, including six as CEO, and a search is underway for his replacement.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
16 Jan 2019 17:50

Cadence Minerals Encouraged By Australian Lake Giles Drill Results

LONDON (Alliance News) - Cadence Minerals PLC on Wednesday said it was encouraged by results from the nickel sulphide targets at its Lake Giles project in Western Australia.Shares in closed

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11 Dec 2018 12:16

Bacanora Lithium Reiterates Cadence Not Involved In Funding Matters

LONDON (Alliance News) - Bacanora Lithium PLC said Tuesday its "significant" shareholder Cadence Minerals PLC does not have insider information of a potential Bacanora Lithium equity to

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19 Nov 2018 17:57

European Metals Raises GBP1.0 Million To Fund Cinovec Development (ALLISS)

LONDON (Alliance News) - Mining company European Metals Holdings Ltd on Monday said it has raised GBP1.0 million via a 5.2 million share placing at 20 pence per share.Shares in European at

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26 Oct 2018 16:49

Cadence Minerals: Macarthur Intersects Sulphide Minerals At Lake Giles

LONDON (Alliance News) - Cadence Minerals PLC on Friday said Macarthur Minerals has intersected sulphide minerals at depth when drilling high-priority targets at its Lake Giles project in western

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9 Oct 2018 11:12

UPDATE: Cadence Notes Upgraded Estimate At Bacanora Lithium Project

LONDON (Alliance News) - Bacanora Lithium PLC on Tuesday said the total resource estimate for its Zinnwald project in Germany has been upgraded.Cadence Minerals PLC, which holds 7.5% of it

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4 Oct 2018 11:09

Cadence Investee Discovers Significant New Base-Metals In Australia

LONDON (Alliance News) - Cadence Minerals PLC said Thursday Australian exploration company Auroch Minerals has discovered a new base-metals mineralised system at its 100% owned Bonaventura project

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28 Sep 2018 13:47

Cadence Minerals Swings To Loss As Bacanora Investment Value Falls

LONDON (Alliance News) - Cadence Minerals PLC said Friday it swung to a loss from a profit in the first half of the year due to a drop in the market price of its investments in Bacanora Lithium a

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24 Sep 2018 12:49

Cadence Minerals Refinances Existing Notes With New Loan Note

LONDON (Alliance News) - Cadence Minerals PLC on Monday said it has refinanced its convertible loan notes through agreeing another one with some institutional lenders.In November, Cadence a

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17 Sep 2018 10:37

WINNERS & LOSERS SUMMARY: Clontarf Shares Surge On Tano 2A Resolution

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.----------FTSE 100 - up 1.0%. The Financial Times reported the chief

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17 Sep 2018 09:19

Premier African Minerals Shares Fall As Zulu Lithium Talks Terminated

LONDON (Alliance News) - Shares dropped in Premier African Minerals Ltd on Monday as it said it has not been able to reach final terms with Cadence Minerals PLC to fund the definitive feasibility

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12 Sep 2018 13:30

Cadence Minerals Seeks Funding To Advance Macarthur's Projects

LONDON (Alliance News) - Cadence Minerals PLC said Wednesday that Macarthur Minerals appointed Capstan Capital Partners LLP as exclusive advisers to help the company find the necessary funding to

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29 Aug 2018 13:20

Cadence Investee Identifies Three Nickel Sulphide Targets In Australia

LONDON (Alliance News) - Cadence Minerals PLC said Wednesday that Macarthur Minerals identified three nickel sulphide targets at its Lake Giles project in Western Australia.Cadence holds a

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24 Aug 2018 11:21

Cadence Minerals Notes MacArthur's Exploration Licence Application

LONDON (Alliance News) - Cadence Minerals PLC said Friday that its 12%-owned investee MacArthur Minerals Ltd has applied for an exploration licence near its Tambourah Lithium Project in Pilbara, a

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24 Aug 2018 10:40

Cadence Minerals agrees extension to deal with Premier African

(Sharecast News) - Cadence Minerals updated the market on the conditional heads of terms with Premier African Minerals on Friday, to earn up to 30% directly into the Zulu Lithium and Tantalum Project in Zimbabwe.

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15 Aug 2018 11:56

Cadence lauds acceleration of Auroch Minerals' drilling programme

(Sharecast News) - Cadence Minerals on Wednesday reported that investee company Auroch Minerals accelerated its drilling programme with the start of works at its Bonaventura base metals project in South Australia.

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