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Pin to quick picksPetro Matad Share News (MATD)

Share Price Information for Petro Matad (MATD)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 3.10
Bid: 3.00
Ask: 3.20
Change: 0.05 (1.64%)
Spread: 0.20 (6.667%)
Open: 3.05
High: 3.10
Low: 3.05
Prev. Close: 3.05
MATD Live PriceLast checked at -

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AIM WINNERS & LOSERS: Yu Group expects swing to interim profit

Thu, 08th Jul 2021 10:25

(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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Yu Group, up 11% at 289.00 pence, 12-month range 70p-390p. The utilities supplier to the UK small and medium enterprise sector expects to post strong revenue increase for first half of 2021 and positive adjusted earnings before interest, tax, depreciation and amortisation, swinging from loss of GBP1.8 million a year ago. Is confident in meeting 2021 market expectations, expecting revenue "significantly" above the GBP101.5 million reported for 2020 and a strong Ebitda performance. "With our strong operational and financial H1 performance and the volume used by our SME customers returning to pre COVID levels, we look to the future with continued confidence and excitement, reflecting a very positive outlook," says Chief Executive Bobby Kalar.

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Cora Gold, up 11% at 12.19p, 12-month range 6.9p-15.45p. Extends gains after 38% jump on Wednesday after hailing significant find from Sanankoro gold project drilling. It noted a zone A highlight of 19 metres at 31.56 grams per tonne gold from 65 metres, saying this was "by far the most significant drill hole that Cora has ever drilled."

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Surface Transforms PLC, up 7.9% at 63.69p, 12-month range 20.1p-81p. The maker of carbon‐ceramic automotive brake discs says revenue in first half grew 34% to GBP1.2 million, beating managements' original expectation that sales in the period would be broadly unchanged year-on-year. "As previously announced, revenues are expected to further increase in the final quarter of 2021, following start of production on the multi-year OEM contracts already awarded to Surface Transforms," it says.

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AIM - LOSERS

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Petro Matad, down 7.0% at 7.07p, 12-month range 2.18p-9.34p. Gives back some gains after surging 19% on Wednesday, after it said Mongolia's minister of Mining & Heavy Industry had approved the award of the Block XX exploitation licence to firm. Stock still up 69% in year-to-date.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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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
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Friday 10 February 
Red Rock Resources PLCAGM
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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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3 Feb 2023 12:55

IN BRIEF: Petro Matad raises USD6.0 million from placing, subscription

Petro Matad Ltd - Isle of Man-based, Mongolia-focused parent company of a group focussed on oil exploration, which owns and operates two production sharing contracts with the Mongolian government - Raises USD6.0 million from placing and subscription of 195.1 million shares at a price of 2.5 pence each. Says shareholder Petrovis Matad Inc buys 32.5 million subscription shares for total USD1.0 million. Petro Matad Chief Executive Officer Mike Buck buys 813,008 subscription shares for USD25,000.

Read more
3 Feb 2023 12:31

Petro Matad raises $6m in discounted placing

(Sharecast News) - Mongolian exploration and production company Petro Matad slumped on Friday after raising $6m in a discounted placing and subscription.

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3 Feb 2023 10:26

AIM WINNERS & LOSERS: 88 Energy surges; Petro Matad plans fundraise

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

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2 Feb 2023 22:01

TRADING UPDATES: Dillistone sees revenue growth; Petro plans fundraise

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

Read more
5 Dec 2022 15:51

Petro Matad shares jump on progress for land registration in Mongolia

(Alliance News) - Petro Matad Ltd on Monday celebrated progress towards registering its Block XX Exploitation Area as special purpose land, following a year of delays over access issues.

Read more
5 Dec 2022 11:02

AIM WINNERS & LOSERS: Wentworth shares surge on takeover offer

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

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22 Sep 2022 22:14

TRADING UPDATES: Prospex Energy profit up; Petro Matad widens loss

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

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27 Jun 2022 12:33

IN BRIEF: Petro Matad narrows loss in 2021; China slowly opens border

Petro Matad Ltd - Douglas, Isle of Man-based petroleum exploration company focused on Mongolia - Narrows pretax loss in 2021. Pretax loss shrinks to USD2.1 million from USD3.2 million in 2020. Exploration and evaluation expenditure narrows to USD114,000 in 2021 from USD433,000.

Read more
5 May 2022 14:28

IN BRIEF: Petro Matad's drilling in Mongolia halted by China lockdown

Petro Matad Ltd - petroleum exploration company focused on Mongolia - Announces suspension of oil export to China and drilling in Mongolia due to Covid restrictions in China. China is increasing its Covid-19 related lockdowns and travel restrictions, Petro Matad says. This is impacting the oil exploration firm as it relies on cross-border trade, including oil field service providers, it adds. It is not producing any oil currently as "there are no Chinese oil rigs operating in Mongolia at the moment," the company explains.

Read more
5 May 2022 11:22

AIM WINNERS & LOSERS: UKOG, Alba up on permit from Environment Agency

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

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25 Feb 2022 16:20

Petro Matad reports progress amid some local difficulties

(Sharecast News) - Mongolia-focussed oil company Petro Matad updated the market on its operations on Friday, reporting that at the Block XX exploitation area, it had advanced negotiations with operational service providers for the 2022 work programme, and secured some price reductions compared to the 2019 programme.

Read more
25 Feb 2022 14:37

IN BRIEF: Petro Matad drops after drilling delayed by restrictions

Petro Matad Ltd - Isle of Man, UK-based petroleum exploration company focused on Mongolia - Says that the availability of drilling equipment and crews for the drilling of additional Heron wells has not been confirmed by the contractors. Explains that the drilling contractor along with the other service providers have been impacted by Covid-related travel restrictions. These, it continues, are due mainly to the restrictions imposed by China. Says it will continue to push the service providers to confirm a timeframe for its drilling programme.

Read more
24 Feb 2022 15:54

UK shareholder meetings calendar - next 7 days

Friday 25 February 
Caledonian Trust PLCAGM
GRIT Investment Trust PLCAGM
Henderson Diversified Income Trust PLCGM re investment policy
On the Beach Group PLCAGM
Ruffer Investment Co LtdEGM re authority to issue shares
Monday 28 February 
Alternative Liquidity Fund LtdEGM
Ramsdens Holdings PLCAGM
Sareum Holdings PLCEGM re share consolidation
Tuesday 1 March 
Velocity Composites PLCAGM
Wednesday 2 March 
Ecofin Global Utilities & Infrastructure Trust PLCAGM
Mila Resources PLCAGM
Paragon Banking Group PLCAGM
River & Mercantile UK Micro Cap Investment Co LtdAGM
Thursday 3 March 
Chemring Group PLCAGM
Petro Matad LtdAGM
Zytronic PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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