The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

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 -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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.

----------

AIM - WINNERS

----------

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.

----------

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."

----------

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.

----------

AIM - LOSERS

----------

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.

----------

By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
17 Oct 2019 16:50

Petro Matad reports unexpected results from Gazelle-1 well

(Sharecast News) - Mongolia-focussed oil explorer Petro Matad announced the results of drilling and logging operations at the Gazelle-1 well in the north of Block XX, eastern Mongolia on Thursday, reporting that the well had been drilled with the DQE rig 40105 to a total depth of 2550 metres, with wireline logging completed.

Read more
17 Oct 2019 10:24

UK WINNERS & LOSERS SUMMARY: Positive Reception To WH Smith's US Deal

UK WINNERS & LOSERS SUMMARY: Positive Reception To WH Smith's US Deal

Read more
17 Oct 2019 09:41

Petro Matad Shares Down After "Unexpected" Gazelle-1 Drill Results

Petro Matad Shares Down After "Unexpected" Gazelle-1 Drill Results

Read more
3 Oct 2019 11:20

Petro Matad Begins Testing Operations At Heron-1 Well In Mongolia

Petro Matad Begins Testing Operations At Heron-1 Well In Mongolia

Read more
3 Oct 2019 10:59

Petro Matad begins testing operations on Heron-1

(Sharecast News) - Mongolian oil explorer Petro Matad announced the start of testing operations at the Heron-1 well in the north of Block XX, eastern Mongolia on Thursday.

Read more
19 Sep 2019 14:46

Petro Matad Carries Out Spud Of Gazelle-1 Earlier Than Forecast

(Alliance News) - Petro Matad Ltd said on Thursday the Gazelle-1 exploration well in the north of Block XX, eastern Mongolia, has been spud earlier than forecast.The rig move from Heron-1 a

Read more
19 Sep 2019 09:14

Petro Matad spuds Gazelle-1 exploration well ahead of schedule

(Sharecast News) - Mongolian oil explorer Petro Matad said on Thursday that it had spudded its Gazelle-1 exploration well in the north of Block XX.

Read more
17 Sep 2019 10:47

Petro Matad To Abandon Red Deer-1 Well, Focus On North Of Block XX

(Alliance News) - Petro Matad Ltd on Tuesday reported disappointing drilling and logging results for the Red Deer-1 exploration well located in the south of block XX, eastern Mongolia.Petro

Read more
17 Sep 2019 10:45

Petro Matad disappointed by drilling results from Red Deer-1

(Sharecast News) - Mongolia-focussed oil explorer Petro Matad announced drilling and logging results from the Red Deer-1 exploration well located in the south of Block XX on Tuesday, as well as an operational update for Heron-1 and Gazelle-1 in the north of Block XX, in eastern Mongolia.

Read more
9 Sep 2019 10:27

Petro Matad Posts Positive Results From Heron-1 Well Test In Mongolia

(Alliance News) - Petro Matad Ltd on Monday announced "encouraging" results from the Heron-1 well at block XX in Mongolia.Shares in Petro Matad were up 7.5% at 8.20 pence in in to

Read more
3 Sep 2019 11:45

Petro Matad Interim Loss Narrows On Lower Exploration Expenses

(Alliance News) - Petro Matad Ltd on Tuesday reported a narrowed interim loss as the company's exploration expenses declined.Shares in the AIM-listed Mongolian oil explorer were 13% in

Read more
20 Aug 2019 15:48

Petro Matad makes solid progress on Heron-1 and Red Deer-1 wells

(Sharecast News) - Mongolian oil explorer Petro Matad updated the market on the Heron-1 and Red Deer-1 wells in Block XX, eastern Mongolia on Tuesday.

Read more
20 Aug 2019 10:31

Petro Matad Moves Closer To Land Permits For East Mongolia Oil Wells

(Alliance News) - Mongolian oil explorer Petro Matad Ltd said Tuesday it has completed all processes for obtaining the land permits for the Heron and Gazelle well sites.The company is now

Read more
14 Aug 2019 11:07

Petro Matad Shares Surge On Resumption Of Operations In Mongolia

(Alliance News) - Petro Matad Ltd on Wednesday said it has secured a verbal approval from the central and provincial governments of Mongolia to resume operations on Heron-1 well, whilst the is 32%

Read more
5 Aug 2019 13:11

Petro Matad Spuds Red Deer-1 Well, Reaches Depth Point At Heron-1

(Alliance News) - Petro Matad Ltd on Monday said the Red Deer-1 exploration well in the Asgat Sag basin of block XX in eastern Mongolia was spudded on Sunday.The AIM-listed oil exploration

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.