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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
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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.

More News
15 Dec 2016 11:24

Petro Matad's reassignment of Shell's Mongolian oil blocks approved

(ShareCast News) - The Mongolian government has approved the reassignment of interests in two oil blocks worth about $15m from Royal Dutch Shell to Petro Matad. The reassignment of blocks four and five were approved, which means that through its wholly-owned affiliate, Central Asian Petroleum Corpor

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9 Dec 2016 14:36

Petro Matad share price plunges

(ShareCast News) - Petro Matad was forced to issue an update on Friday, as its share price plunged more than17%. It confirmed that there was nothing further to update at this stage. The AIM-traded company said it continues to expect that the approval from the Mongolian Government of the reassignmen

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16 Nov 2016 13:06

Petro Matad taps into Mongolian oil field containing up to 23bn barrels

(ShareCast News) - Shares in Petro Matad soared on Wednesday as the oil explorer said it had tapped into a large oil field in Mongolia, which contains between nine and 23bn barrels of oil. The company updated its estimates of undiscovered petroleum resources following interpretation of new and previ

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26 Aug 2016 10:00

Petro Matad's Shell affiliate farm-out exit fee contributed to H1 profit

(ShareCast News) - Mongolian oil explorer Petro Matad reported that the farm-out exit fee received from Royal Dutch Shell's affiliate contributed to the company's interim half year profit. For the six months ended 30 June, the company reported an interim profit of $100,000 in comparison to a $1.74m

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5 Aug 2016 13:13

Petro Matad reaches $10m settlement with Shell's Mongolian affiliate

(ShareCast News) - Petroleum explorer Petro Matad's reached a $10m settlement with Shell's affiliate BG Mongolian Holdings (BGMH). The Mongolian miner reported that Shell's BGMH will pay a farm-out arrangement exit fee of over $10m as well as a further $5m. In June, Petro Matad's affiliate Central

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5 Aug 2016 09:29

WINNERS & LOSERS SUMMARY: Upbeat Bellway Lifts Housebuilding Stocks

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30 Jun 2016 16:11

Petro Matad Loss Narrows; Set For USD10 Million Exit Fee From Shell

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29 Apr 2016 12:18

Shell leaves Petro Matad on its own in Mongolia

(ShareCast News) - Petro Matad revealed it had lost its partner in the Block IV and V production sharing contracts in west and central Mongolia on Friday. The AIM-traded company said that, on 28 April, Shell - through its affiliate company - issued an exit notice to Petro Matad's 100% owned subsidia

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29 Apr 2016 11:31

Petro Matad Expecting "Highly Material" Compensation From Partner

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3 Feb 2016 10:35

WINNERS & LOSERS SUMMARY: Prudential Bounces Back From 2-Year Low

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3 Feb 2016 09:50

Petro Matad Delays Survey And Drilling Plans At Mongolia Project

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29 Oct 2015 09:48

Petro Matad Pleased With Survey Data From Central Mongolia Blocks

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29 Sep 2015 08:46

Petro Matad Loss Narrows As Farm-Out Deal With BG Group Progresses

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13 Aug 2015 10:19

Petro Matad awards Mongolian seismic data contract

(ShareCast News) - Petro Matad has awarded a contract to Khet Co for 2D to gather seismic data in two of its exploration blocks in central Mongolia. The oil exploration company said Khet Co, which is a geophysical contracting company, will carry out a 2D seismic programme of around 2,000 kilometres

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13 Aug 2015 08:19

Petro Matad Awards Mongolian 2D Seismic Data Contract To Khet Co

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