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Pin to quick picksOracle Power Share News (ORCP)

Share Price Information for Oracle Power (ORCP)

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Share Price: 0.03
Bid: 0.028
Ask: 0.032
Change: -0.001 (-3.23%)
Spread: 0.004 (14.286%)
Open: 0.031
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Low: 0.03
Prev. Close: 0.031
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AIM WINNERS & LOSERS: Quiz shares in style as sales top expectations

Fri, 01st Apr 2022 09:56

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

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AIM - WINNERS

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Simec Atlantis Energy Ltd, up 41% at 2.19 pence, 12-month range 0.011p-2.30p. Says MeyGen has secured a non-convertible loan of GBP2.5 million from Scottish Enterprise, which will enable the redeployment of the remaining two turbines at the MeyGen site within the next 12 months. Simec owns 77% stake in MeyGen. The first of these turbines is scheduled for redeployment in May 2022 and the final turbine will be deployed in March 2023.

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Quiz PLC, up 40% at 15.09p, 12-month range 0.085p-16.23p. The fashion brand expects to report an annual profit, helped by revenue coming in ahead of expectations. For the financial year which ended March 31, Quiz expects to post revenue of GBP78.0 million, which would top expectations and be up 96% from GBP39.7 million from the year prior. "Positive sales momentum" it saw over the Christmas period continued into the final quarter of its financial year. The company expects earnings before interest, tax, depreciation and amortisation of no less than GBP4.3 million for financial 2022. Pretax profit is expected to amount to no less than GBP500,000.

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AIM - LOSERS

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4D Pharma PLC, down 16% at 39.95p, 12-month range 124.80p-24.46p. The pharmaceutical company posts widened pretax loss for 2021. Pretax loss stretches to GBP57.5 million from GBP30.3 million the year before. Loss in non-recurring items surges to GBP44.4 million in 2021 from GBP3.1 million the year before, largely stemming from completion of merger with Longevity Acquisition Corp, a special purpose acquisition company.

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Oracle Power PLC, down 9.1% at 0.35p, 12-month range 0.28p-0.64p. Raises GBP800,000 through placing to support green hydrogen project. "We have been clear in our intention to rapidly move our green hydrogen ambitions forward and today's placing, will enable us to do just that through our newly established joint venture. Importantly, this fundraising will support our funding for Oracle Energy, ensuring that we are well positioned to make good headway with this significant strategic project without delay," says Chief Executive Naheed Memon.

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Atalaya Mining PLC, down 6.4% at 379.18p, 12-month range 265.00p-450.00p. Yanggu Xiangguang Copper Co Ltd sells entire 22% stake in Atalaya. The shares are placed with institutional investors by Canaccord Genuity Ltd on behalf of ICBC Standard Bank PLC in a bookbuild announced after the London market close on Thursday. The 30.7 million shares are sold at 320 pence each, worth GBP98.2 million.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
1 Sep 2022 19:17

IN BRIEF: Oracle Power gains formal approval for power project

Oracle Power PLC - Cambridge, England-based power and natural resource project developer with projects focused on Pakistan - Receives formal approval from the Directorate of Alternative Energy in Sindh, Pakistan for a letter of intent to establish a 1,200 megawatt hybrid solar, wind and green hydrogen power project.

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16 Aug 2022 14:35

IN BRIEF: Oracle Power invests further in green hydrogen project

Oracle Power PLC - Cambridge, England-based power and natural resource project developer with projects focused on Pakistan - Says it has advanced further funds with Kaheel Energy FZE for their joint venture company Oracle Energy Ltd, to be used on the green hydrogen project in Pakistan. On August 15, Oracle and Kaheel Energy subscribed for further equity in the joint venture at a price of 10 Pakistani Rupees per share for a total of about GBP1.5 million. Says the JV is being funded on a 70:30 basis by Kaheel Energy and Oracle respectively. HH Private Office's contribution was about GBP1.0 million and Oracle Power's GBP450,000.

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5 Aug 2022 10:44

Oracle Power raises GBP500,000 in discounted placing; shares drop

(Alliance News) - Oracle Power PLC announced on Friday that it raised GBP500,000 through a placing of 181.8 million shares at a price of 0.275 pence per share.

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3 Aug 2022 14:05

IN BRIEF: Oracle Power shares rise on letter of intent for project

Oracle Power PLC- Cambridge, England-based power and natural resource project developer with projects focused on Pakistan - Confirms a Letter of Intent will be issued from the Directorate of Alternative Energy of the Government of Sindh regarding a hydrogen power project in Pakistan.

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11 Jul 2022 15:28

IN BRIEF: Oracle Power continues to progress with several projects

Oracle Power PLC - Cambridge, England-based power and natural resource project developer with projects focused on Pakistan - Says the second quarter of 2022 has "built on and consolidated" the developments made in the first quarter. Notes further excellent results at the Northern Zone Gold Project in Western Australia, with gold recoveries of up to 95% after 24 hours. Continues to advance projects in Pakistan with the signing of two memoranda of understanding, representing an "important step" towards realising its 400 megawatt green hydrogen project.

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11 Jul 2022 11:49

IN BRIEF: Oracle Power to advance funds to progress hydrogen project

Oracle Power PLC - Cambridge-based power and natural resource project developer with projects focused on Pakistan - Alongside Kaheel Energy FZE, advances a further GBP390,000 to progress the development of its green hydrogen project in Pakistan, run by joint venture company Oracle Energy Ltd.

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27 Jun 2022 12:26

IN BRIEF: Oracle Power signs deal for hydrogen development in Pakistan

Oracle Power PLC - Cambridge-based power and natural resource project developer with projects focused on Pakistan - Signs non-binding memorandum of understanding with Nuvera Fuel Cells LLC to bring green hydrogen fuel cells to the industrial vehicle market in Pakistan.

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24 Jun 2022 10:14

IN BRIEF: Oracle Power annual loss narrows on lower costs

Oracle Power PLC - Cambridge-based power and natural resource project developer with projects focused on Pakistan - Pretax loss in 2021 narrows to GBP881,879 from GBP1.0 million in 2020, as administrative expenses fall 13% to GBP881,973 from GBP1.0 million. Generates no revenue, unchanged from the year before. Remains "committed" to all its projects. Expects to add value through achieving key milestones.

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15 Jun 2022 12:49

IN BRIEF: Oracle Power JV signs deal to support green hydrogen project

Oracle Power PLC - London-based power and natural resource project developer with projects focused on Pakistan - Reports that its joint venture, Oracle Energy Ltd, has signed a non-binding memorandum of understanding with Jiangsu Guofu Hydrogen Energy Equipment Co Ltd. The deal seeks to explore hydrogen storage and hydrogen refuelling infrastructure opportunities. These opportunities will then support the commercialisation of Oracle Energy's 400 megawatt green hydrogen project in Pakistan.

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13 Jun 2022 21:22

IN BRIEF: Oracle Power designs Northern Zone exploration target

Oracle Power PLC - London-based power and natural resource project developer with projects focused on Pakistan - From three samples from its Northern Zone Gold project in Australia, metallurgy results indicate an average gold recovery of 88% over 12 hours and 93% over 24 hours, alongside low copper content of 2.0 parts per million.

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9 Jun 2022 17:37

IN BRIEF: Oracle Power makes Northern Zone gold project a priority

Oracle Power PLC - London-based power and natural resource project developer with projects focused on Pakistan - Reports positive metallurgical results from the first three samples from its 100% owned Northern Zone Gold Project in Western Australia. Results indicate gold recoveries can be achieved within six hours of 83.3% gold and up to 90.4% gold recovery over 72 hours.

Read more
14 Apr 2022 21:36

TRADING UPDATES: Polar Capital assets up; Brooks Macdonald funds fall

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

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1 Apr 2022 12:25

TRADING UPDATES: Yooma, Love Hemp in UK boost; Peel Hunt tops forecast

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

Read more
30 Mar 2022 13:19

Oracle Power enters joint venture deal with Emirati sheikh's company

(Sharecast News) - Natural resources project developer Oracle Power has entered a joint venture agreement with the private office of Emirati sheikh Ahmed Dalmook Al Maktoum, represented through Kaheel Energy, aiming to advance its green hydrogen project in Pakistan.

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