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Pin to quick picksPetro Matad Share News (MATD)

Share Price Information for Petro Matad (MATD)

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Share Price: 3.65
Bid: 3.60
Ask: 3.70
Change: -0.125 (-3.31%)
Spread: 0.10 (2.778%)
Open: 3.775
High: 3.775
Low: 3.60
Prev. Close: 3.775
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TRADING UPDATES: Taylor Maritime in placing; Blackbird eyes US backing

Mon, 19th Jul 2021 18:03

(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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Taylor Maritime Investments Ltd - London based investor in dry bulk shipping - Plans to raise USD75 million through placing to fund acquisition of up to six Handysize vessels. Shares will fetch USD1.15 each in fundraise, 1.7% discount to USD1.17 closing price on Monday. Chief Executive Edward Buttery adds: "The Handysize segment is currently attractive with a strong charter market and demand. Drawing on our in-depth knowledge of the sector, we have an excellent pipeline of vessel acquisition targets priced below depreciated replacement cost and are well positioned to take advantage of these market conditions to deliver additional value to our shareholders."

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Blackbird PLC - London-based cloud video editing platform - Says application to begin trading on OTCQX Best Market cleared by watchdog Finra. Will begin trading on market on July 28, making shares more widely available to North American investors.

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Eagle Eye Solutions Group PLC - London-based marketing solutions provider - Says revenue rises 12% to GBP22.8 million from GBP20.4 million in year ended June 30. Adjusted earnings before interest, tax, depreciation and amortisation up 28% to GBP4.2 million from GBP3.3 million. "Eagle Eye has enjoyed a strong close to the year, delivering 27% growth in Q4 revenues as a result of the winning of enterprise customers," company says. "Eagle Eye enters FY 2022 with a considerably expanded underlying business and positive trajectory."

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Supreme PLC - maker of fast-moving consumer goods - Launches Sealions vitamin and wellness supplements brand. Supreme adds: "Sealions will be focused on providing a high-quality range of affordable wellness products, offering customers a year's supply of vitamins (365 tablets) for GBP5 across a selected range, nearly 70% cheaper than some of the leading wellness brands."

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Curtis Banks Group PLC - Bristol-based provider of self-invested personal pensions - Says performed in line with internal expectations in first half of 2021. Seeing "strong levels" of organic growth. "Curtis Banks has made a positive start to 2021, building upon the success of 2020 and the number of strategic initiatives we undertook. I am particularly pleased with how Dunstan Thomas has already shown that it can enhance our overall proposition and we look forward to additional material developments over the course of the year," Chief Executive Officer Will Self says.

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Cornerstone FS PLC - London-based payments provider - Notes trading volumes up in first six months of 2021, tips revenue to rise 6% sequentially in period to GBP837,000, from GBP792,000 in second half of 2020, but down 4.0% from pre-virus levels. "Looking ahead, with the increased momentum in trading volumes, the board is confident of delivering revenue growth for full year 2021 compared with 2020," Cornerstone says.

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Eqtec PLC - Cork, Ireland-based gasification solutions company - Says GBP15 million revenue target on track. "Those forecasts anticipated a heavily back-loaded year for financial close of key opportunities and deal closure remains the primary focus of the company," Eqtec says. Notes Agrigas 1 agricultural waste project in Greece progressing. Construction of North Fork Community Power forestry waste project in California progresses as gasification reactor and associated equipment installed.

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Arc Minerals Ltd - company focused on exploring for copper and cobalt in Africa - Kicks off drilling at majority-controlled licenses in north-western Zambia. Diamond drilling begins at Fwiji target. "This year's programme will also focus on the Cheyeza and Muswema target areas where the drill target locations are to be finessed upon the completions of a high resolution airborne geophysical survey over these target areas," Arc adds. Also, Executive Chair Nick von Schirnding notes "number of discussions" underway with potential third parties over commercial transaction at Arc's Zambia copper licences.

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Alba Mineral Resources PLC - London-based mineral exploration and development company - Completes phase to surface drilling at Clogau-St David's gold mine. Says 10 holes drilled. "The key objective of this second phase of surface drilling at Clogau-St David's was to prove up the continuity of the Main Lode extension we had identified during the drilling at the end of last year. We have now delivered emphatically on that aim, by intersecting the Main Lode extension on every one of the 10 holes we have drilled in this phase," Executive Chair George Frangeskides says.

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Petro Matad Ltd - Mongolia-based oil exploration company - Launches open offer to raise USD2 million to provide shareholders who did not participate in USD10.4 million placing to invest in company. Says 42.6 million shares to be offered.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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21 Jun 2011 08:54

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21 Mar 2011 13:59

Petro Matad increases resource

Shares in AIM-quoted oil and gas explorer Petro Matad have jumped by more than one-third after the Mongolia-focused explorer said that the reinterpretation of its seismic data had led to an increase in the resources of the Davsan Tolgoi prospects. Petro Matad drilled three wells on the Davsan Tolg

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3 Dec 2010 14:30

Petro Matad suspends drilling

Shares in Petro Matad have fallen by nearly 10% after it said that it is suspending drilling at the Davsan Tolgoi-4 well in Mongolia. The drilling rig being used is at the limit of its tolerances because of low temperatures. Of drilling continued then it could have ended up creating problems The

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21 Sep 2010 09:00

Oil cos. round-up: Petro Matad, Faroe, Amerisur

Mongolia-focused oil explorer Petro Matad ran into mechanical problems with the drilling of its Davsan Tolgoi-2 well but said operations are now progressing normally. Currently the well is at the intermediate casing point, matching the pre-drilling prognosis, of 1,091.5 metres below surface. The

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16 Sep 2010 15:04

Small Caps round-up: Petro Matad, JSM Indochina, Work Group....

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30 Jul 2010 13:31

Petro Matad Davasan Logs Confirm Earlier Results

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Barton adds to C&W Worldwide stake

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15 Jul 2010 14:57

Petro Matad DT-1 Well At Final Depth Of 1,220 Meters On July 14

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13 Jul 2010 11:20

Petro Matad Operations At Davsan Tolgoi-1 Well Progressing Well

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