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
20 Sep 2018 12:57

UPDATE: Petro Matad Plunges As It Fails To Find Oil At Snow Leopard

LONDON (Alliance News) - Shares in Petro Matad Ltd fell on Thursday after the oil explorer said it did not find oil or gas accumulations at its Snow Leopard 1 Well, located in were trading down at

Read more
20 Sep 2018 10:59

Petro Matad Plunges As It Fails To Find Oil At Snow Leopard Well

LONDON (Alliance News) - Shares in Petro Matad Ltd fell on Thursday after the oil explorer said it did not find oil or gas accumulations at its Snow Leopard 1 Well, located in were trading down at

Read more
20 Sep 2018 10:30

WINNERS & LOSERS SUMMARY: Rio Tinto Up On Plan To Return Sale Proceeds

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.----------FTSE 100 - WINNERS----------Rio up 1.9%.

Read more
7 Sep 2018 10:41

Petro Matad losses widen as it cashes up for planned operations

(Sharecast News) - Mongolian oil explorer Petro Matad released its unaudited interim results for the six months ended 30 June on Friday, reporting a loss of $6.65m, widening from $2.52m for the comparable period last year.

Read more
7 Sep 2018 10:15

Petro Matad Loss Widens, Contractor Issues Delay Block XX Drilling

LONDON (Alliance News) - Mongolia-focused oil explorer Petro Matad on Friday said its loss widened in the fist half of the year on a range of increased expenses.The company's USD6.7 was

Read more
24 Jul 2018 12:44

Petro Matad Non-Executive Director Oyungerel Janchiv Steps Down

LONDON (Alliance News) - Petro Matad Ltd on Tuesday said Non-Executive Director Oyungerel Janchiv intends to retire after the annual general meeting scheduled on September 20 to spend more time in

Read more
14 Jun 2018 11:32

Petro Matad Successfully Raises Cash To Fund Mongolian Drilling (ALLISS)

LONDON (Alliance News) - Mongolian oil explorer Petro Matad Ltd on Thursday said it has completed its previously announced share placing, which it said was "significantly" company had on

Read more
13 Jun 2018 17:16

Petro Matad To Raise Gross USD18.3 Million To Fund New Wells (ALLISS)

LONDON (Alliance News) - Petro Matad Ltd said Wednesday it aims to raise USD18.3 million through shares placing and a subscription.Net proceeds from the an accelerated bookbuild are to be a

Read more
4 Jun 2018 11:09

Petro Matad Loss Narrows Despite Delaying First Drilling Operation

LONDON (Alliance News) - Petro Matad Ltd said Monday its 2017 loss narrowed despite the company failing to complete its first drilling operation in six years.The Mongolian oil explorer loss

Read more
14 May 2018 11:59

Petro Matad Starts Mobilisation For Snow Leopard Drilling Amid Delays

LONDON (Alliance News) - Petro Matad Ltd said Monday it is close to securing permits for the Wild Horse 1 well, while the Snow Leopard 1 well spudding experienced delays.The Wild Horse 1 1

Read more
20 Mar 2018 17:29

Petro Matad drills into Mongolia - last frontier for onshore oil

* Same geology as prolific oil basins in China * Mongolia will need crude for planned refinery By Barbara March 20 (Reuters) - Petro Matad a

Read more
27 Jan 2017 16:10

Petro Matad issues drilling rig tender

(ShareCast News) - Petro Matad updated the market on Friday, announcing that it has issued a tender for a drilling rig and related services, in preparation for its drilling programme in Blocks IV and V, which is expected to commence in mid-2017. The AIM-traded firm said that in 2016, it pre-qualifie

Read more
18 Jan 2017 09:49

Petro Matad Expects Shell Payment Within Next 10 Days

Read more
12 Jan 2017 14:31

Petro Matad says nothing further to update on as stock jumps

(ShareCast News) - AIM-listed exploration company Petro Matad noted the jump in its share price on Thursday and confirmed there was nothing further to update the market on since its statement on Tuesday. Earlier in the week, Petro said the $5m payment due from Shell following the approval by the Mon

Read more
12 Jan 2017 14:08

Petro Matad Notes Share Price Move, Says No Further Update

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.