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Pin to quick picksPanther Metals Share News (PALM)

Share Price Information for Panther Metals (PALM)

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Share Price: 97.50
Bid: 95.00
Ask: 100.00
Change: 93.55 (2,368.35%)
Spread: 5.00 (5.263%)
Open: 98.50
High: 98.50
Low: 97.50
Prev. Close: 3.95
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SMALL-CAP WINNERS & LOSERS: Hostmore falls as interim loss widens

Wed, 21st Sep 2022 11:26

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

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SMALL-CAP - WINNERS

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Ten Entertainment Group PLC, up 5.0% at 198.40 pence, 12-month range 183.00p - 285.01p. Swings to a pretax profit of GBP21.0 million from a loss of GBP10.8 million in the six months ended June 30. Revenue surges to GBP63.2 million from GBP10.6 million. The bowling alley operator says it is "delighted" with the growth as last year it benefited significantly from exceptional sales due to UK 'staycations' and the initial pent-up demand from the release of Covid restrictions. Notes record breaking February and May half-term trading in the half, as well as an "exceptional" Easter. Adds the positive sales trend continued to the end of the first half despite a very hot summer when, traditionally, bowling and other indoor activities aren't favoured.

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Galliford Try Holdings PLC, up 4.0% at 163.20 pence, 12-month range 145.80p - 213.00p. Swings to a pretax profit of GBP19.1 million before exceptional items in the year ended June 30 from a loss of GBP11.4 million the previous year. Exceptional items relate to the acquisition of nmcn's water business and its investment in a cloud-based IT system. After exceptional items, profit fell 53% to GBP5.4 million from GBP11.4 million. Revenue rises by 9.7% to GBP1.24 billion from GBP1.13 billion, resulting primarily from growth in the company's infrastructure section, the construction firm explains.

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Panther Metals PLC, up 6.5% at 5.70 pence, 12-month range 5.00p - 14.92p. Reports positive findings from a gold-focussed soil geochemical sampling programme conducted on the firm's recently acquired Shear Gold Manitou Lakes Project in Canada. Explains all three soil survey grids conducted during this first programme have identified anomalous areas of gold in soil with a "significant proportion" of the results returning "highly significant" gold. Chief Executive Darren Hazelwood was the team will be back on site before the end of September.

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SMALL-CAP - LOSERS

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Hostmore PLC, down 6.8% at 22.00 pence, 12-month range 21.00p - 156.24p. In the six months ended July 3, the Friday's restaurant chain owner reports a widened pretax loss of GBP17.1 million. The previous year it posted a loss of GBP11.2 million. Revenue surges to GBP98.5 from GBP39.9 million. However, underlying administrative expenses jump to GBP70.2 million from GBP50.9 million. Adds that the 10 weeks since July 3 has seen like-for-like revenue 14% below the comparable period in financial 2019 due to weaker consumer demand. Expects trading conditions to remain challenges due to inflationary pressures and the risk of higher utilities.

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Cobra Resources PLC, down 5.6% at 1.70 pence, 12-month range 1.10p - 3.20p. Narrows its pretax loss to GBP226,953 in the six months to June 30 from GBP842,631 the previous year. Total assets at June 30 falls to GBP845,916 from GBP1.1 million at the same time a year prior. Looking forward, the firm says it is focused on the continuation of exploration activities, including the re-analysis of the Thompson and Anderson prospects. Expects to update its gold mineral resource and its maiden rare earth resource estimate before the end of the year.

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By Heather Rydings; heatherrydings@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
2 Jan 2024 12:11

IN BRIEF: Panther Metals rises amid expectations for growth in 2024

Panther Metals PLC - Canada-focused mineral exploration company - Says it is "well positioned" for accelerated growth in 2024. Chief Executive Officer Darren Hazelwood said: "External factors, such as the continued drive towards decarbonisation, renewable energy and electric vehicles has resulted in a global shift towards securing access to critical raw materials and metals, creating a favourable environment that Panther will leverage given our geographic positioning to serve the North American market." It also places "strategic emphasis" on the Obonga project situated within the highly prospective Obonga greenstone belt.

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29 Dec 2023 11:16

Panther Metals takes options on mining claims to extend Obongo project

(Alliance News) - Panther Metals PLC on Friday said it has agreed to a purchase option over 35 single-cell mining claims in Ontario, Canada.

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20 Dec 2023 12:13

IN BRIEF: Panther Metals cancels loan notes as project under budget

Panther Metals PLC - Canada-focused mineral exploration company - Gives update on financing arrangements. On November 20, agreed to issue in aggregate GBP300,000 in face value of 15% unsecured loan notes with a 12 month maturity, and warrants attached on a one-for-one basis with an exercise price of 3.3 pence each. The proceeds were meant to be used to fund Panther's inaugural diamond drilling programme at the Manitou Lakes project in Ontario, Canada.

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5 Dec 2023 18:09

EARNINGS AND TRADING: Oxford Metrics revenue up; TPXimpact loss widens

(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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30 Nov 2023 19:57

EARNINGS AND TRADING: Lendinvest completes securitisation

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

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27 Nov 2023 20:02

TRADING UPDATES: Live Co to cut jobs; SDX Energy in strategy shift

(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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21 Nov 2023 14:27

IN BRIEF: Panther Metals starts diamond drilling at Manitou Lakes

Panther Metals PLC - Canada-focused mineral exploration company - Starts diamond drilling programme at Manitou Lakes project to target gold mineralisation at the Glass Reef target. Says option partner Shear Gold Exploration Corp is providing geological oversight and logistical management. Chief Executive Officer Darren Hazelwood says: "I am delighted to report that the inaugural drilling programme on the Manitou Lakes project has now commenced with the drill rig arriving at the roadhead and the drilling contractor commencing ground access and preparation work at the Glass Reef target."

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20 Nov 2023 18:23

TRADING UPDATES: Eqtec to restucture; Bushveld to sell Cellcub stake

(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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15 Nov 2023 14:28

IN BRIEF: Panther Metals says metallurgical tests complete at Coglia

Panther Metals PLC - Canada-focused mineral exploration company - Says Australian arm Panther Metals Ltd has received all assays from the recent drilling programme on the periphery of a nickel-cobalt mineral resource estimate at the Coglia project in Western Australia. Panther Australia has also completed Stage 1 metallurgical test work which identified sulphuric acid as the optimal reagent for a heap leaching operation. Stage 2 work has now commenced. Panther Australia, in which Panther Metals has a 23.54% shareholding, will in due course initiate a scoping study to provide an economic valuation of Coglia.

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1 Nov 2023 14:31

IN BRIEF: Panther Metals Chief Operating Officer resigns

Panther Metals PLC - Canada-focused mineral exploration company - Says Chief Operating Officer Mitchell Smith resigned on Tuesday, as well as non-executive director Kate Asling. Says Katherine O'Reilly and Tracy Weslosky have been appointed non-executive directors, effective immediately.

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30 Oct 2023 17:45

TRADING UPDATES: Versarien "pleased"; D4t4 first-half revenue rises

(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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24 Oct 2023 17:27

EARNINGS AND TRADING: Fiske swings to profit, Aterian starts Rwanda JV

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

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3 Oct 2023 14:17

Fulcrum Metals increases Charlot-Neely Lake uranium-gold project stake

(Alliance News) - Fulcrum Metals PLC on Tuesday said it is increasing its stake in the Charlot-Neely Lake uranium-gold project in northern Saskatchewan by 63%.

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27 Sep 2023 16:06

TRADING UPDATES: ECR Minerals submits exploration licence in Australia

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

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25 Sep 2023 13:50

Panther Metals celebrates drill assays, swings to half-year profit

(Alliance News) - Panther Metals PLC on Monday said it swung to a profit in its latest half year and made strong progress on its exploration projects, although it remains reliant on future fundraising.

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