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Pin to quick picksMetals Exploration Share News (MTL)

Share Price Information for Metals Exploration (MTL)

London Stock Exchange
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Share Price: 4.55
Bid: 4.50
Ask: 4.60
Change: 0.10 (2.22%)
Spread: 0.10 (2.222%)
Open: 4.45
High: 4.60
Low: 4.40
Prev. Close: 4.50
MTL Live PriceLast checked at -

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AIM WINNERS & LOSERS: Administration "ever more likely" for Amte Power

Thu, 20th Jul 2023 10:38

(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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Metals Exploration PLC, up 17% at 2.28 pence, 12-month range 0.8p-2.43p. The Philippines-focused gold producer reports record half-year and quarterly gold sales. In the first half, sells 46,186 ounces at an average price of USD1,939 per ounce, from 30,676 ounces at an average of USD1,878 a year before. Consequently, first-half revenue rises year-on-year to USD89.6 million from USD57.6 million. Says operations have exceeded expectations, and raises full year guidance to 78,000 to 81,000 ounces of gold, compared to the previous guidance range of 68,000 to 72,000. Also trims all-in sustaining cost guidance slightly.

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AIM - LOSERS

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Amte Power PLC, down 49% at 4.23p, 12-month range 3.8p-102p. The battery cell maker warns that being put into administration is "ever more likely", as its financial situation is becoming "ever more critical". Needs a solution implemented in the next few business days, but says there is no certainty of the outcome of its discussions with existing and potential investors. Says its shares on AIM would be suspended with immediate effect if it is put into administration. "Accordingly, should the company be unable to secure additional funding, the prospects for recovery of value, if any, by shareholders would be remote," it warns.

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Portmeirion Group PLC, down 28% at 284p, 12-month range 260p-522.65p. The homewares products maker warns that annual profit are likely to be "significantly" below market consensus. Says it expects sales in the first half to be down 3% year-on-year to GBP44 million. Says caution from US customers has continued since its May update, but it expects restocking to pick up, given resilient underlying end-consumer demand. Chief Executive Mike Raybould says the firm remains confident it is holding onto recent market share gains, and is "pleased" with recent product launches.

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By Elizabeth Winter, Alliance News senior markets reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
5 Feb 2019 12:00

Metals Exploration Non-Executive Simovici Leaves, Stancliffe Replaces

LONDON (Alliance News) - Metals Exploration PLC on Tuesday said it has appointed Andrew Stancliffe as a non-executive director, effective immediately.The AIM-listed miner said Stancliffe as

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31 Jan 2019 17:36

Metals Exploration Loan Consolidation Deadline Extended To March 31

LONDON (Alliance News) - Metals Exploration PLC said Thursday it has extended the deadline to consolidate four short term shareholder loans into one.Metal Exploration received the waiver in

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30 Jan 2019 11:25

Metals Exploration Continues Runruno Production Despite Challenges

LONDON (Alliance News) - Metals Exploration PLC said on Wednesday it continued production from its Runruno gold-molybdenum project in the Philippines in the last quarter of 2018, despite a reduced

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25 Jan 2019 10:04

Metals Exploration Hires New Interim Chair Following Board Departures

LONDON (Alliance News) - Metals Exploration PLC on Friday said it has appointed a new interim chair, a day after its former chair and finance chief left.Guy Walker, a current non-executive

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24 Jan 2019 14:04

Metals Exploration Non-Exec Chair And Chief Financial Officer Resign

LONDON (Alliance News) - Metals Exploration PLC on Thursday said Non-Executive Chair Ian Holzberger has resigned with immediate effect.Furthermore, Chief Financial Officer Andrew Rodgers He

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4 Jan 2019 14:26

Metals Exploration gets extension to short-term loan conditions

(Sharecast News) - Metals Exploration confirmed it had received an extension to its short term loan with MTL Luxembourg on Friday.

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4 Jan 2019 11:06

Metals Exploration Lenders Agree To Extend Loan Consolidation Deadline

LONDON (Alliance News) - Metals Exploration PLC on Friday said the lenders of a USD6.6 million short term loan have approved an extension of deadline to the end of January, to allow the company to

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3 Jan 2019 10:05

Metals Exploration Appoints CEO From Colombian Gold Miner Minesa

LONDON (Alliance News) - Metals Exploration PLC said Thursday that it has appointed Darren Bowden as chief executive officer, effective immediately.Share price in the natural resources more

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6 Dec 2018 14:26

Metals Exploration Seeks CEO As Executive Chairman Goes Non-Exec

LONDON (Alliance News) - Metals Exploration PLC said Thursday that Ian Holzberger will shift from executive- to non-executive chair, and it has started the search for a chief executive officer as

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22 Nov 2018 13:48

Metals Exploration Agrees Standby Loan With Two Shareholders

LONDON (Alliance News) - Metals Exploration PLC said Thursday it has agreed an unsecured standby loan facility with two of its major shareholders, as the company works towards realigning its and a

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5 Nov 2018 13:07

Metals Exploration Secures Waiver To Extend Debt Repayment

LONDON (Alliance News) - Metals Exploration PLC said Monday it secured a waiver from its senior lenders for the payment of capital amounts of USD35.6 million until the end of January natural said

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2 Nov 2018 10:17

Metals Exploration resumes ops at Runruno after Typhoon Rosita cleanup

(Sharecast News) - Metals Exploration on Friday said mining and processing operations at its Runruno project in the Philippines had resumed after temporary repairs to the site's bridge crossing.

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25 Oct 2018 13:32

Metals Explorations Sells More Gold Quarterly Despite Software Error

LONDON (Alliance News) - Metals Exploration PLC said on Thursday its overall mining operations continued to improve in the third quarter, however ore production was restricted due to an error in

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9 Oct 2018 14:45

Metals Exploration Shares Fall As Runruno Dropped To 80% Capacity

LONDON (Alliance News) - Metals Exploration PLC on Tuesday said it will run its Runruno mining operation in the Philippines at 80% capacity in October and November.Shares in the natural 21%

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28 Sep 2018 12:15

Metals Exploration Interim Loss Deepens On Costs, Gold Output Boosted

LONDON (Alliance News) - Metals Exploration PLC said Friday its interim loss deepened despite revenue rising on higher gold production as costs rose sharply.For the six months ended June, a

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