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Pin to quick picksPetro Matad Share News (MATD)

Share Price Information for Petro Matad (MATD)

London Stock Exchange
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Share Price: 2.90
Bid: 2.80
Ask: 3.00
Change: -0.10 (-3.33%)
Spread: 0.20 (7.143%)
Open: 3.00
High: 3.00
Low: 2.80
Prev. Close: 3.00
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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.

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

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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

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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%.

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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.

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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

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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

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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

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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

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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

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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

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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

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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

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18 Jan 2017 09:49

Petro Matad Expects Shell Payment Within Next 10 Days

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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

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12 Jan 2017 14:08

Petro Matad Notes Share Price Move, Says No Further Update

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