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Pin to quick picksLandore Share News (LND)

Share Price Information for Landore (LND)

London Stock Exchange
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Share Price: 2.75
Bid: 2.60
Ask: 2.90
Change: -0.025 (-0.90%)
Spread: 0.30 (11.538%)
Open: 2.775
High: 2.775
Low: 2.75
Prev. Close: 2.775
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AIM WINNERS & LOSERS: Ingenta shares up on on win of two contracts

Thu, 29th Jun 2023 10:33

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

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AIM - WINNERS

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Ingenta PLC, up 14% at 105.20 pence, 12-month range 85.01-134.95p. The company announces two key contract wins for its content distribution platform. These contracts have a total combined value of GBP2 million over a five-year period, with implementation revenue due to begin in the second half of 2023. Chief Executive Scott Winners says: "The deals announced today show further progress in the group's drive to expand its business development activities and follow on from the previously reported media customer win for the group's commercial IP management product. The latest deals include another addition to our growing NGO client base and a prestigious, globally recognised US scientific publisher." Ingenta adds that it expects its full-year results will be "comfortably" in-line with market expectations. Ingenta provides software and services to the publishing industry.

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Symphony Environmental Technologies PLC, up 11% at 7.50 pence, 12-month range 6.25-20.00p. The company says its financial performance in 2023 so far has "sharply improved" from 2022, with Symphony expecting to move back to profitability in the coming months. Says this improved performance is underpinned by its Middle East manufacturing and sales being on plan, lower administrative and distribution costs, and higher gross profit margins. Adds it is confident of delivering positive updates throughout 2023. Symphony develops technology to make ordinary plastic biodegradable.

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AIM - LOSERS

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Landore Resources Ltd, down 16% at 8.76 pence, 12-month range 8.72-22.00p. The Canada-focused precious and base metal exploration and development company raises GBP600,000 before expenses through a placing of shares at 9p each. The shares represent 5.5% of the company's share capital and are at a discount of 12% to its closing price of 10.38p on Wednesday. Explains each placing share has one warrant attached, with each warrant having the right to acquire on shares at an exercise price of 18p on or before the second anniversary of the admission of the placing shares. If the warrants were to be exercised in full in due course, this would result in the issue of 6.7 million shares raising a further GBP1.2 million for the development of the company's business, Landore says. Separately, company announces the appointment of Claude Lemasson as chief executive and the intended dual listing of the company on the TSX Venture Exchange, targeted for the third quarter of 2023.

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Science in Sport PLC, down 13% at 13.00 pence, 12-month range 5.25-48.00p. The sports nutrition company reports a widened annual loss and explains a challenging consumer environment, and supply chain issues adversely impacted the company. In 2022, pretax loss widens to GBP10.6 million from GBP5.3 million the year prior as its cost of goods increase to GBP36.8 million from GBP31.2 million and it records GBP1.1 million in new facility transition costs compared to GBP125,000 the year prior. Revenue rises to GBP63.8 million from GPB62.5 million. This revenue figure was impacted by the closure of its Russian business, port congestion issues in the US and supply chain issues, the company says. Looking forward, Chief Executive Stephen Moon says: "In 2023, we are well set for profitable growth, as evidenced by sales growth over the last four months. Our retail business, domestically and internationally, is delivering profitable growth, and our Amazon business is performing significantly above the same period last year."

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By Heather Rydings, Alliance News senior economics reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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12 Apr 2022 13:38

Landore upbeat on exploration progress in Ontario

(Sharecast News) - Landore Resources updated the market on its review of the 'Lithium Zone' on the Junior Lake Property in the Canadian province of Ontario on Tuesday.

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21 Sep 2021 10:20

Landore Resources H1 losses widen on exploration costs

(Sharecast News) - Exploration firm Landore Resources said on Tuesday that losses had widened in the six months ended 30 June on the back of increased exploration costs.

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23 Aug 2021 10:12

Fire hazard disrupts Landore's positive drilling in Ontario

(Sharecast News) - Landore Resources updated the market on progress of its drilling programme for 2020-2021 on the BAM Gold Deposit at the Junior Lake Property in Ontario, Canada on Monday, reporting that additional step-out and infill drilling within the exploration area for 800 metres to the east and along strike of the deposit had continued to intersect widespread ore-grade gold.

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7 Jun 2021 15:11

Landore Resources makes drilling progress at Junior Lake

(Sharecast News) - Landore Resources updated the market on the progress of its 2020-2021 drilling programme at the BAM Gold Deposit on the Junior Lake Property in Ontario on Monday.

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17 May 2021 09:59

Landore reports exploration progress at Junior Lake

(Sharecast News) - Landore Resources updated the market on progress of the drilling programme for 2020-2021 on the BAM gold deposit at the Junior Lake property in Ontario, Canada on Monday.

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21 Sep 2020 10:02

Landore buys half of remaining smelter return at Lamaune Lake

(Sharecast News) - Landore Resources announced on Monday that its wholly-owned subsidiary Landore Resources Canada has entered into an agreement to acquire half of the 2% net smelter returns royalty that is held on its 90.2%-owned Lamaune Lake Property in Ontario.

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24 Apr 2020 13:46

Landore raises ?0.2m with new and existing investors

(Sharecast News) - Landore Resources has raised ?0.2m through the issue of 38,518,519 subscription securities, it announced on Friday, each of which would comprise one ordinary share and one 1p warrant, at a price of 0.675p each.

Read more
13 Nov 2019 12:43

Landore Resources Subsidiary Lamaune Iron Gets Two New Mining Leases

Landore Resources Subsidiary Lamaune Iron Gets Two New Mining Leases

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21 Oct 2019 11:38

Landore Resources upbeat on latest drilling at BAM Gold Deposit

(Sharecast News) - Landore Resources updated the market on its progress with its summer drilling and exploration programme on its BAM Gold Deposit on the Junior Lake Property in Ontario, Canada on Monday, reporting that all assay results with associated drilling information had now been received and forwarded to Cube Consulting of Perth, Australia.

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18 Sep 2019 15:01

Landore Resources raises ?0.47m as it expands exploration programme

(Sharecast News) - Landore Resources has raised gross proceeds of £0.47m through a subscription of 64,827,586 new ordinary shares at a price of 0.725p each, it announced on Wednesday, with certain existing shareholders.

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18 Sep 2019 14:35

Landore Resources Gets Further Support From CEO, Major Shareholder

(Alliance News) - Landore Resources Ltd has raised nearly GBP500,000 to help fund continued exploration work in Canada.Landore placed 64.8 million new shares at a price of 0.725 pence each,

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4 Sep 2019 14:50

Landore Resources Finds Further Evidence Of Gold At Canadian Deposit

(Alliance News) - Landore Resources Ltd on Wednesday said a now-finished drilling programme in Canada has found similar gold intersections to those found previously.Landore has finished 24

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15 Aug 2019 10:49

Landore Resources Interim Loss Narrows; Plans To Issue More Shares

(Alliance News) - Landore Resources Ltd on Thursday said its first-half results were "in line with expectations", as it posted a sharply narrowed loss on lower exploration North precious

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3 Jul 2019 10:46

Landore Resources Raises GBP250,000 To Fund Exploration Programme

(Alliance News) - Landore Resources Ltd on Wednesday said it has raised GBP250,000 through a share subscription with James Hudleston, an existing investor in the company.The mineral firm at

Read more
19 Jun 2019 11:58

Landore Resources 2018 Loss Narrows As Administrative Expenses Fall

(Alliance News) - Landore Resources Ltd on Wednesday said its loss narrowed in 2018 due to a reduction in both exploration costs and administrative expenses.The gold miner's pretax loss

Read more

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