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Pin to quick picksOracle Power Share News (ORCP)

Share Price Information for Oracle Power (ORCP)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 0.0165
Bid: 0.016
Ask: 0.017
Change: 0.0005 (3.13%)
Spread: 0.001 (6.25%)
Open: 0.0165
High: 0.0165
Low: 0.0165
Prev. Close: 0.016
ORCP Live PriceLast checked at -

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AIM WINNERS & LOSERS: Quadrise lands deal; Oracle Power shines

Tue, 26th Nov 2024 11:08

(Alliance News) - The following stocks are the leading risers and fallers on AIM on Tuesday.

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AIM - WINNERS

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Quadrise PLC, up 83% at 4.20 pence, 12-month range 1.14p-4.50p. The company signs shipping sector-focused trial agreement with MSC Shipmanagement Ltd and Cargill NV. The energy technology company and supplier of MSAR emulsion technology fuel says the deal paves "the way for the long-awaited vessel trials on board the MSC Leandra" container ship. "Quadrise, MSC and Cargill have agreed their respective obligations under which the company's fuels, bioMSAR and MSAR, will be produced at the MAC2 facility in Antwerp, Belgium using feedstocks supplied by Cargill and then sold by Cargill to MSC for the trials," Quadrise explains. "Upon successful conclusion of the Trials, MSC, Cargill and Quadrise will negotiate and enter into a definitive long-term commercial agreement."

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Oracle Power PLC, up 27% at 0.015p, 12-month range 0.012p-0.045p. The Australia and Pakistan-focused projects developer says final assay results from the Northern Zone asset "include significant high grade gold intercepts". The asset is located in Western Australia. Oracle Power also has copper and renewable energy assets.

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Accsys Technologies PLC, up 13% at 48.60p, 12-month range 42.40p-64.25p. The wood building products manufacturer expects annual results to be "significantly ahead of market consensus". It puts consensus for adjusted earnings before interest, tax, depreciation and amortisation at EUR7.6 million. In the half-year to September 30, revenue rises 1.4% to EUR72.2 million from EUR71.2 million. Its pretax loss, however, stretches to EUR26.2 million from EUR13.1 million. Hurting its bottom line, "other operating costs" amount to EUR40.3 million, rising 31% on-year from EUR30.7 million. Those costs include exceptional items, administration costs, impairments, depreciation and amortisation.

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AIM - LOSERS

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IG Design Group PLC, down 11% at 111.88p, 12-month range 106.00p-240.00p. The designer and manufacturer of celebration products, including greeting cards, gift wrap, Christmas crackers, gift bags, and partyware expects tricky market conditions in the first half of its financial year to continue in the second. Revenue in the half year to September 30 falls 11% to USD393.1 million from EUR444.1 million a year prior. Pretax profit slumps 62% to USD13.3 million from USD34.8 million.

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By Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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22 Jun 2023 10:52

IN BRIEF: Oracle Power raises funds for green project with Dubai royal

Oracle Power PLC - Pakistan-focused energy projects developer - Raises GBP363,000 through placing 323.0 million shares and a subscription for 40.0 million shares, both at 0.1 pence per share. Proceeds will primarily support the advancement of Oracle's green hydrogen project through its joint venture with Sheikh Ahmed Dalmook Al Maktoum and for general working capital purposes. Al Maktoum is Oracle Power's largest investor and has a 70% share in the JV. Trading in London of the fundraising shares is expected to start on or around June 27.

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22 Jun 2023 10:17

AIM WINNERS & LOSERS: Biome wins contract; Oracle raises GBP363,000

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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22 Jun 2023 08:57

LONDON MARKET OPEN: FTSE 100 struggles ahead of anticipated BoE hike

(Alliance News) - Stock prices in London opened lower on Thursday, ahead of the Bank of England's interest rate decision at midday, which is expected to result in the central bank's 13th consecutive hike.

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5 Jun 2023 12:41

Oracle Power inks deal to develop commercial side of Pakistan project

(Alliance News) - Oracle Power PLC on Monday said that its subsidiary has signed an agreement to develop commercial avenues for a green hydrogen project in Pakistan.

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30 May 2023 18:01

IN BRIEF: Oracle Power aims to add solar and wind to hydrogen project

Oracle Power PLC - Pakistan-focused developer of energy projects - Updates on green hydrogen project development. Notes the project steering committee has already held its first meeting. Adds project has taken another major step forward in relation to the completion of the bankable feasibility studies for the 1.2 gigawatt hybrid power grid interconnection and storage architecture for the project. Consultants have been commissioned and funded to conduct power studies, and establish the feasibility of integrating solar and wind energy technologies into the project. The hybrid power study encompassing 700 megawatt solar and 500 megawatt wind power, is expected to be completed by the third quarter.

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16 May 2023 17:26

IN BRIEF: Oracle Power signs deal for Thar power plant in Pakistan

Oracle Power PLC - Pakistan-focused developer of energy projects - Signs memorandum of understanding for the off-take and development of its 1.32 gigawatt Thar coal fired power plant in the Sindh Province, Pakistan.

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9 May 2023 14:45

TRADING UPDATES: Rainbow Rare Earths raises GBP7.5 million in placing

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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27 Apr 2023 17:35

TRADING UPDATES: Yourgene Health sees revenue above market forecasts

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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19 Apr 2023 13:57

Oracle Power progresses Pakistan project with PowerChina agreement

(Alliance News) - Oracle Power PLC on Wednesday said that it has signed a cooperation agreement with PowerChina International Group Ltd to develop a one gigawatt solar-based power production plant in Pakistan.

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20 Mar 2023 11:09

Oracle Power registers land lease with Sindh government in Pakistan

(Alliance News) - Oracle Power PLC on Monday said the award of its recently acquired land lease has now been registered in the government of Sindh's land registry.

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7 Mar 2023 12:05

Oracle Power signs green hydrogen project accord with Chinese partner

(Alliance News) - Oracle Power PLC on Tuesday said it signed a memorandum of understanding with China Electric Power & Technology Co Ltd to potentially develop a green hydrogen project in Pakistan.

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6 Mar 2023 14:32

IN BRIEF: Coro Energy to appoint Oracle Power CEO as non-exec director

Coro Energy PLC - South East Asia-focused energy - Says it intends to appoint current chief executive officer of Oracle Power PLC Naheed Memon as a non-executive director. Says Memon has extensive experience in both the public and private sector in Pakistan and internationally.

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24 Feb 2023 15:12

Oracle Power subsidiary joins Dii energy alliance

(Sharecast News) - Oracle Power announced on Friday that its subsidiary Oracle Energy has joined Dii Desert Energy as an associate partner.

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24 Feb 2023 13:07

Oracle Power joins Dii Desert Energy to harness emission-free energy

(Alliance News) - Oracle Power PLC on Friday said it has joined the Dii Desert Energy organisation as an associate partner.

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6 Feb 2023 13:04

Oracle Power advances its Green Hydrogen project in Pakistan

(Alliance News) - Oracle Power PLC on Monday said it raised GBP500,000 through a placing to help support its green hydrogen project in Pakistan, for which it also announced a potential supply and delivery agreement.

Read more

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