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Pin to quick picksNostrum Oil&gas Share News (NOG)

Share Price Information for Nostrum Oil&gas (NOG)

London Stock Exchange
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Share Price: 5.575
Bid: 4.85
Ask: 6.30
Change: 0.555 (11.06%)
Spread: 1.45 (29.897%)
Open: 5.02
High: 0.00
Low: 0.00
Prev. Close: 5.02
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SMALL-CAP WINNERS & LOSERS: Dukemount rises on joint venture agreement

Mon, 22nd Mar 2021 10:51

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.

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SMALL-CAP - WINNERS

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Dukemount Capital, up 40% at 0.32p-1.35p. The property developer says it agreed outline terms for a joint venture in the flexibility power sector. Dukemount will own 50% of the joint venture vehicle, HSKB. The joint venture will develop two 11 kilovolt gas peaking facilities which together will produce around 10 megawatt of power for a total cost of GBP6.25 million. Dukemount believes that this joint venture represents the next steps to meeting its target of growing to a GBP100 million plus business.

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Quarto Group, up 15% at 77.93 pence, 12-month range 40p-77.93p. Book publisher posts higher profit for 2020. Annual revenue falls to USD126.9 million from USD135.8 million in 2019, but pretax profit grows to USD6.6 million from USD3.8 million. "The effects of Covid-19 on the book industry have been significant. As expected, we saw a move to online book sales, and the Company's sales and marketing teams adapted well to this move," the company says. Looking ahead, Quarto says it is in a good position to grow in 2021 and is continuing shift towards profitable trade publishing.

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KKV Secured Loan Fund, up 5.4% at 20.24p, 12-month range 0.00p-41.87p. The equipment leasing and asset finance investment firm says it has netted GBP16.0 million from the sale of two loans. KK says the loans were made to Glasshouse Generation and Harvest Generation Services. The Glasshouse loan had a carrying value of GBP8.1 million and the HGS loan GBP7.6 million. Per share, the net proceeds from the sales are 4.5 pence.

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Nostrum Oil & Gas, up 3.7% at 9.69p, 12-month range 3p-16p. The oil and gas company says it it received approval to extend the expiry date of its forbearance agreement with informal ad hoc noteholder group AHG to April 20 from March 20.

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SMALL-CAP - LOSERS

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Hostelworld Group, down 3.0% at 77.60p, 12-month range 38.69p-98p. Shares in the hostel booking platform were lower as part of a broader fall in travel-related stocks on the prospect of extended lockdowns across Europe.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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