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Pin to quick picksPetro Matad Share News (MATD)

Share Price Information for Petro Matad (MATD)

London Stock Exchange
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Share Price: 3.85
Bid: 3.80
Ask: 3.90
Change: -0.11 (-2.78%)
Spread: 0.10 (2.632%)
Open: 3.90
High: 3.90
Low: 3.85
Prev. Close: 3.96
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AIM WINNERS & LOSERS: Immedia ends talk with Sprift; ASOS growth slows

Thu, 15th Jul 2021 11:39

(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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Jarvis Securities, up 6.1% at 260.00 pence, 12-month range 146.16p-308p. The stockbroking and administration services provider says pretax profit rises by 28% in the six months to June 30 to GBP1.0 million, as revenue increases by 19% to GBP1.3 million. Cash under administration has increased 17% year-on-year. Jarvis says trading conditions have been favourable in the first half, and it has not seen the "extreme volatility and accompanying spikes" in daily volumes that were experienced in 2020.

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CyanConnode Holdings, up 5.2% at 11.05p, 12-month range 3.20p-14.50p. The radio frequency smart mesh networks firm secures further follow-on order from its partner JST Group for the Metropolitan Electricity Authority, a Thai state enterprise under the Ministry of Interior. The follow-on order is for 31,000 omnimesh modules and associated gateways and is in addition to the 33,000 omnimesh modules and 206,735 omnimesh perpetual software licenses purchased in 2019 and 2020. Deployment of this order is expected in the final quarter of 2021.

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W Resources, up 5.1% at 7.20p, 12-month range 0.078p-13.30p. The tin and gold mining company completes the first water dam resulting in regaining access to higher-grade ore at the La Parrilla mine in Spain. The company says it needed to carry out corrective and proactive maintenance prior to regaining access to higher-grade ore. These measures resulted in a ten-day production shutdown, with production recommencing on June 8. W Resources achieves the highest quarterly tungsten concentrate production to date at 106.4 tonnes.

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AIM - LOSERS

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Immedia Group, down 52% at 16.50p, 12-month range 11.50p-40.8p. The supplier of multi-media content terminates takeover talks with Sprift Technologies with immediate effect. Therefore, the company's shares restored for trading in London. Immedia agrees the recovery of costs from Sprift Technologies of GBP150,000, which has been added to the amount owed to Immedia in respect of its secured loan, and which bears interest and is repayable on the same terms as the loan.

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Petro Matad, down 36% at 3.42p, 12-month range 2.18p-9.34p. The oil company raises USD9.7 million through the oversubscribed placing for 200.6 million new shares at a price of 3.5p per share. In addition, the company places 14.3 million new shares at the same price, raising USD700,000. "This fundraise will allow us to commence production from the Heron field, with the completion of the Heron 1 well and the drilling of the H2 and H3 wells," says Chief Executive Mike Buck.

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ASOS, down 16% at 3,943.88p, 12-month range 3,185p-5,994.95p. The fashion retailer warns of slower growth, predicting Covid-19 uncertainty may result in volatility. In the four-month period to June 30, which ASOS labels as P3, growth in the final weeks of the trading stretch was muted. The London-based retailer put this down to the virus and poor weather in the UK. During the four-month period, revenue rose 27% annually to GBP1.29 billion from GBP1.01 billion. The figure includes delivery costs and third-party revenue. Stripping out such items, retail sales alone were 26% higher at GBP1.24 billion. Sales rose despite the four-month period coinciding with high street stores in the UK reopening.

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By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
19 Dec 2023 12:10

Petro Matad shares jump as says "almost there" with Mongolia sign-off

(Alliance News) - Petro Matad Ltd on Tuesday said that a "slow bureaucratic process" to complete a special land purpose certification has caused delays for its planned Heron-1 operations in Mongolia.

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28 Sep 2023 11:49

Petro Matad first half loss widens as projects hit delays

(Alliance News) - Petro Matad Ltd on Thursday said its loss widened in the first half as it looks to progress with its exploration projects.

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10 Jul 2023 10:26

AIM WINNERS & LOSERS: Helium One surges on rig purchase for Rukwa

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

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10 Jul 2023 09:49

Petro Matad shares fall as abandons watery Velociraptor-1 well

(Alliance News) - Petro Matad Ltd on Monday said it will abandon the Velociraptor-1 well in Central Mongolia as all reservoirs encountered were water bearing.

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10 Jul 2023 08:51

LONDON MARKET OPEN: Stocks head lower after China data, US payrolls

(Alliance News) - Stock prices in London opened mostly in the red on Monday, following more weak Chinese economic data, and ongoing concerns about how much further interest rates will rise.

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10 Jul 2023 07:47

LONDON BRIEFING: BT CEO Philip Jansen to step down next year

(Alliance News) - Stocks in London are called lower on Monday, after soft economic data from China pointed to a weak demand outlook.

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6 Jul 2023 11:57

LONDON MARKET MIDDAY: Stocks slump as rates expected to keep rising

(Alliance News) - Stock prices in London were firmly in the red at midday as the latest meeting minutes from the US Federal Reserve pointed to interest rates in the world's largest economy remaining higher for longer.

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6 Jul 2023 10:37

IN BRIEF: Petro Matad receives approval for Block XX exploitation area

Petro Matad Limited - Douglas, Isle of Man-based petrolem exploration company focused on Mongolia - Says the cabinet of the Mongolian government has approved the certification of the Block XX Exploitation area, which includes the Heron oil discovery, as special purpose land. The cabinet approves certification and instructed officials to conclude the follow up formalities required under the land law. Petro Matad will now work with central land agency and local authorities to complete the registration of the area and sign necessary contracts.

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14 Jun 2023 09:17

Petro Matad spuds Block V, but still waits on Block XX certification

(Alliance News) - Petro Matad Ltd on Wednesday said it has successfully spudded a well in the Taats Basin of Block V, located in central Mongolia.

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22 May 2023 14:23

IN BRIEF: Petro Matad shares plunge as repeats license documentation

Petro Matad Ltd - Isle of Man-based, Mongolia-focused parent company of a group focussed on oil exploration and which owns and operates two production sharing contracts with the Mongolian government - Expects rig arrival and Velociraptor 1 spud during the first half of June. Starts mobilisation site construction equipment to the Velociraptor 1 well location. Says the Velociraptor 1 well is expected to reach the prognosed total depth of about 1500 metres in 30 days following which the well will be logged and the results evaluated. All permits are in place for Velociraptor 1 and the contingent appraisal drilling.

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3 Apr 2023 14:38

TRADING UPDATES: Zinc Media and EnSilica hail contract wins

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

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14 Feb 2023 14:41

Petro Matad reports slow progress at Block XX

(Sharecast News) - Mongolian oil explorer Petro Matad reported progress on a number of fronts in an operational update on Tuesday.

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14 Feb 2023 11:33

Petro Matad bemoans slower than anticipated certification of Block XX

(Alliance News) - Petro Matad Ltd on Tuesday said that while it was pleased to see progress towards certifying one of its licences in Mongolia, the process was still proving much slower than initially advised.

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8 Feb 2023 19:26

TRADING UPDATES: Diversified plans fundraise; Highcroft ends sale

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

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8 Feb 2023 15:47

UK shareholder meetings calendar - next 7 days

Thursday 9 February 
Compass Group PLCAGM
easyJet PLCAGM
Ethernity Networks LtdEGM capital raise
Oxford Metrics PLCAGM
Polar Capital Global Healthcare Trust PLCAGM
Triple Point VCT 2011 PLCGM re cancellation and extinguishment of shares
Tritax EuroBox PLCAGM
Zytronic PLCAGM
Friday 10 February 
Red Rock Resources PLCAGM
Victrex PLCAGM
Monday 13 February 
Cellular Goods PLCAGM
Tuesday 14 February 
Tui AGAGM
Wednesday 15 February 
Barkby Group PLCAGM
Blencowe Resources PLCAGM
Circle Property PLCEGM re capital reduction and shares capitalisation
GCP Infrastructure Investments LtdAGM
Helium One Global LtdAGM
Petro Matad LtdAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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