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Pin to quick picksPetra Diamonds Share News (PDL)

Share Price Information for Petra Diamonds (PDL)

London Stock Exchange
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Share Price: 42.70
Bid: 41.70
Ask: 42.60
Change: 0.20 (0.47%)
Spread: 0.90 (2.158%)
Open: 42.70
High: 42.70
Low: 42.70
Prev. Close: 42.50
PDL Live PriceLast checked at -

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SMALL-CAP WINNERS & LOSERS: Petrofac rises further; Petra shines

Fri, 08th Dec 2023 10:14

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

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SMALL-CAP - WINNERS

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Petrofac Ltd, up 12% at 22.04 pence, 12-month range 14.58p-91.05p. The provider of services to the energy industry extends recent gains, rising 42% since the start of the week. It said Monday it is mulling a "range of strategic and financial options" to strengthen its balance sheet, as it warned it would not meet its annual cash flow guidance following payment delays.

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Petra Diamonds Ltd, up 2.0% at 51p, 12month range 387p-104p. The Southern Africa-focused diamond miner and supplier said South African firm Absa Bank, which is part of Absa Group Ltd, has approved the increase to its revolving credit facility to USD93 million from USD53 million. It also reports growth in diamond sales in its most recent tender. Says 462,794 carats sold in tender 3 of the financial year ending June 30 for a total of USD58.7 million, representing a 4.2% increase from 444,029 carats sold in tender 2 for USD40.5 million. Meanwhile, the price was up by 20% on a like-for-like basis.

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SMALL-CAP - LOSERS

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MJ Gleeson PLC, down 1.3% at 437.25p, 12-month range 331p-475p. The housebuilder and land investor's price target is cut to 550p from 575p previously by the Royal Bank of Canada, though the bank maintains its 'outperform' rating for the stock.

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By Elizabeth Winter, Alliance News deputy news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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5 Mar 2021 21:56

IN BRIEF: Petra Diamonds sells 299 carat diamond for USD12 million

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16 Feb 2021 14:26

CORRECT: Petra Diamonds Reports 8% Revenue Decline But Prices Recover

CORRECT: Petra Diamonds Reports 8% Revenue Decline But Prices Recover

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16 Feb 2021 12:00

Petra Diamonds Reports Double-Digit Revenue Decline But Prices Recover

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16 Feb 2021 09:30

UPDATE 2-FTSE 100 slips to snap three-day winning streak; miners support

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9 Feb 2021 16:18

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

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19 Jan 2021 17:48

Petra Production Drops; Waiting On Explanation From Missing Parcel

Petra Production Drops; Waiting On Explanation From Missing Parcel

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10 Dec 2020 15:54

UK Shareholder Meetings Calendar - Next 7 Days

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UK BROKER RATINGS SUMMARY: JPMorgan Raises Man Group And Sanne

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30 Nov 2020 16:07

IN BRIEF: Botswana Diamonds Completes Purchase Of Sekaka Diamonds

IN BRIEF: Botswana Diamonds Completes Purchase Of Sekaka Diamonds

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26 Nov 2020 11:37

IN BRIEF: Petra Diamonds Nets USD40 Million From Blue Diamonds Sale

IN BRIEF: Petra Diamonds Nets USD40 Million From Blue Diamonds Sale

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25 Nov 2020 09:48

Petra Diamonds sells collection of 5 blue diamonds for $40.4m

(Sharecast News) - Petra Diamonds said on Wednesday that it has sold the Letlapa Tala Collection of five blue diamonds for $40.36m.

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18 Nov 2020 07:57

IN BRIEF: Petra Diamonds Loss Widens; Restructuring Gets Support

IN BRIEF: Petra Diamonds Loss Widens; Restructuring Gets Support

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17 Nov 2020 12:41

Covid-19 takes shine off Petra as earnings tumble

(Sharecast News) - Petra Diamonds reported a slide in full-year earnings on Monday, after the Covid-19 pandemic restricted production and weakened demand.

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12 Nov 2020 19:20

IN BRIEF: Petra Diamonds Notes Williamson Alleged Human Rights Abuses

IN BRIEF: Petra Diamonds Notes Williamson Alleged Human Rights Abuses

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12 Nov 2020 08:06

UPDATE 1-Petra Diamonds investigates charges Tanzanian subsistence miners abused

(Adds respone from Tanzanian official)JOHANNESBURG, Nov 12 (Reuters) - Petra Diamonds said it was investigating allegations by a British non-governmental organisation that subsistence miners who trespassed on the firm's Williamson mine in Tanzania...

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