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Share Price: 0.72

Bid: 0.722

Ask: 0.74

Change: 0.00 (0.00%)

Spread: 0.018 (2.493%)

Open: 0.72

High: 0.736

Low: 0.712

Prev. Close: 0.72

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AIM WINNERS & LOSERS: Ocean Harvest falls as loss widens

Tue, 12th Sep 2023 10:44

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

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AIM - WINNERS

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Kefi Gold & Copper PLC, up 8.9% at 0.69 pence, 12-month range 0.51p-1.23p. The Ethiopia-focused gold and copper company says the National Bank of Ethiopia has published a new directive which satisfies the request made to ensure conformity with the specific detail of its Tulu Kapi gold project in western Ethiopia. It says the NBE directive was published on Friday last week and marks one of the final action points remaining towards completion of the financing of Tulu Kapi. Further announcements will be made in "due course", Kefi Gold & Copper says, as it remains on track for project launch in the fourth quarter of 2023.

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Oracle Power PLC, up 8.6% at 0.095p, 12-month range 0.080p-0.30p. The energy projects developer says it completed a technical and commercial feasibility study for its green hydrogen and green ammonia project in Pakistan. It is targeting a 400 megawatt capacity green hydrogen production facility with annual production of 55,000 tonnes of green hydrogen at the project located in southern Pakistan. It expects the project, which is being developed by joint venture firm Oracle Energy Ltd, to deploy 700 megawatts of solar power and 500 megawatts of wind power to produce green hydrogen.

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AIM - LOSERS

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Ocean Harvest Technology Group PLC, down 15% at 12.17p, 12-month range 12.00p-27.00p. The producer of seaweed ingredients for animal feed reports that revenue rises to EUR1.8 million from EUR1.2 million a year ago. However, pretax loss widens to EUR2.2 million from EUR1.3 million. "At our maiden set of interim results I am pleased to say that OHT has begun to deliver on its objectives set out at its IPO in April. We are continuing to strengthen our global sales team and build out our supply chain," says CEO Mark Williams.

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By Sophie Rose, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

More News

17 Oct 2022 13:55

Kefi wins renewal of Saudi Arabia exploration licence

(Sharecast News) - Gold and copper explorer and developer Kefi announced the renewal of the Jibal Qutman exploration licence in Saudi Arabia on Monday.

17 Oct 2022 13:37

Kefi Gold to complete fieldwork after licence renewal of Saudi site

(Alliance News) - Kefi Gold & Copper PLC on Monday said it is ready to push on with development work at Jibal Qutman now the licence for the site has been renewed.

28 Sep 2022 14:38

EARNINGS UPDATES: Kefi tips bright outlook; Keras bets on Togo license

(Alliance News) - The following is a round-up of earnings reports by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

14 Sep 2022 14:54

IN BRIEF: Kefi Gold & Copper shares rise with new exploration licenses

Kefi Gold & Copper PLC - Cyprus-based gold and copper exploration and development company with projects in Ethiopia and Saudi Arabia - Receives two exploration licences issued for the development of the Jibal Qutman Gold project in Saudi Arabia. Says the Jibal Qutman North and Jibal Qutman Southeast exploration licences have been issued on an initial five-year term and cover 174 kilometres. Expects the award of the final Jibal Qutman exploration licence "shortly". Anticipates construction to start mid-2023 and first gold at the end of 2024.

12 Sep 2022 14:04

IN BRIEF: Kefi shares up as rebel group calls for Ethiopia ceasefire

Kefi Gold & Copper PLC - Cyprus-based gold and copper exploration and development company with projects in Ethiopia and Saudi Arabia - Says the Tigrayan rebel leadership has called for a permanent ceasefire in Ethiopia. On Sunday, the communique asked for mediation by the African Union and participation in the national reconciliation process already being arranged by the Federal Government of Ethiopia, the company adds.

5 Aug 2022 17:44

IN BRIEF: KEFI Gold raises recovery target for Jibal Qutman project

Kefi Gold & Copper PLC - Cyprus-based gold and copper exploration and development company with projects in Ethiopia and Saudi Arabia - For the Jibal Qutman project in Saudi Arabia, land access issues halting the mine development application in 2016 have been resolved, paving the way for a potential mining licence being granted.

3 Aug 2022 13:23

Kefi reports further licensing progress in Saudi Arabia

(Sharecast News) - Ethiopia and Saudi Arabia-focussed gold and copper explorer and developer Kefi announced positive licensing progress on the Jibal Qutman project on Wednesday, as well as the award of two further exploration licences through its Gold and Minerals (G&M) joint venture in Saudi Arabia.

13 Jul 2022 13:18

IN BRIEF: Kefi Gold & Copper switches focus to Saudi Arabia

Kefi Gold & Copper PLC - Cyprus-based gold and copper exploration and development company with projects in Ethiopia and Saudi Arabia - Says field activities at the Tulu Kapi gold project in Ethiopia have continued to build ahead of full project launch. Company says it is "keen" to re-commence its exploration of additional prospects at the project but is awaiting regulatory permission. As a result, Kefi switches focus to Saudi Arabia with its Jibal Qutman and Hwaiah projects.

12 Jul 2022 16:05

Kefi venture awarded two exploration licences in Saudi Arabia

(Sharecast News) - Ethiopia and Saudi Arabia-focussed gold and copper explorer and developer Kefi announced the award of two additional exploration licences through its Gold and Minerals Limited (G&M) joint venture in Saudi Arabia.

12 Jul 2022 09:36

Kefi Gold shares surge on two new exploration licences in Saudi Arabia

(Alliance News) - Kefi Gold & Copper PLC on Tuesday said it won two additional exploration licences in Saudi Arabia through a joint venture.

30 Jun 2022 17:31

TRADING UPDATES: M&C Saatchi expects to deliver on annual profit

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

30 Jun 2022 11:35

AIM WINNERS & LOSERS: Frasers invests in MySale; Kefi keeps license

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

27 Jun 2022 14:45

Kefi Gold & Copper shares down amid press reports on loss of license

(Alliance News) - Kefi Gold & Copper PLC shares dropped on Monday, as the gold and copper exploration and development company said that local press have "inaccurately" referred to the loss of its Tula Kapi licence in western Ethiopia.

27 Jun 2022 13:07

Kefi Gold denies it has lost key licence

(Sharecast News) - Kefi Gold and Copper has dismissed media reports claiming it has lost its Tulu Kapi licence in western Ethiopia.

16 Jun 2022 15:08

IN BRIEF: Kefi Gold & Copper makes progress on Saudi Arabia projects

Kefi Gold & Copper PLC - gold and copper exploration and development company focused on Ethiopia and Saudi Arabia - Renews its exploration licence at its Hawiah Copper-Gold project in Saudi Arabia for five years. Company on track to complete new mineral resource estimates and a preliminary feasibility study at Hawiah in the final quarter of 2022. At Jibal Qutman, also in Saudi Arabia, the company continues discussion with the Ministry of Industry & Mineral Resources regarding the outcomes of its licence applications. Begins independent audit of mineral resource estimate, detailed mine planning and more to allow the project to be advanced more rapidly.

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AIM WINNERS & LOSERS: Ocean Harvest falls as loss widens

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