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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: 40.50
Bid: 40.50
Ask: 41.50
Change: -0.40 (-0.98%)
Spread: 1.00 (2.469%)
Open: 41.00
High: 41.00
Low: 40.50
Prev. Close: 40.90
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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Petra Diamonds cuts forecasts, shares fall

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16 Jan 2023 11:11

Petra Diamonds shares drop as firm lowers production guidance

(Alliance News) - Petra Diamonds Ltd on Monday reported its total diamond production fell by double-digits in the first half of its financial year.

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SMALL-CAP WINNERS & LOSERS: Petra Diamonds hit by falling production

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Petra says diamond price trends picking up

(Sharecast News) - Petra Diamonds said on Tuesday that it achieved $42.3m in sales in its third tender for FY23, with 305,366 carats sold.

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30 Nov 2022 12:30

LONDON MARKET MIDDAY: Stocks up ahead of central bank talk and US data

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SMALL-CAP WINNERS & LOSERS: Petra sees "low risk" of further breaches

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

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30 Nov 2022 09:20

Petra Diamonds confirms low risk of further breaches in Tanzania mine

(Alliance News) - Petra Diamonds Ltd on Wednesday said there is a low risk of further breaches at the tailings storage facility wall breach at the Williamson mine in Tanzania.

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30 Nov 2022 08:33

Petra mulling next steps after assessing tailings dam breach

(Sharecast News) - Petra Diamonds updated the market on the 7 November tailings storage facility wall breach at the Williamson mine in Tanzania on Wednesday, reporting that its assessment team found there was a "low risk" of further breaches of the facility, or a breach of the New Alamasi water dam.

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24 Nov 2022 14:33

Petra Diamonds increases sales but average price per carat falls

(Alliance News) - Petra Diamonds Ltd on Thursday said it increased its diamond sales in the second tender for the financial year, but the average price per carat fell.

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IN BRIEF: Petra Diamonds says no fatalities at Williamson facility

Petra Diamonds Ltd - London-based diamond miner focused on South Africa and Tanzania - On Thursday confirms no fatalities or serious injuries at Tailings Storage facility wall breach at Williamson in Tanzania. Says three injuries of a minor nature have been reported and appropriate treatment has been provided. "The cause of the breach is not yet confirmed and an investigation is underway", Petra says.

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