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Pin to quick picksPower Metal Share News (POW)

Share Price Information for Power Metal (POW)

London Stock Exchange
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Share Price: 12.75
Bid: 12.00
Ask: 13.50
Change: 0.25 (2.00%)
Spread: 1.50 (12.50%)
Open: 12.50
High: 12.75
Low: 12.19
Prev. Close: 12.50
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UK TRADING UPDATE SUMMARY: Henry Boot Unit In Voluntary Liquidation

Mon, 14th Sep 2020 17:21

(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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Henry Boot PLC - property investment and development company - Places struggling unit Starfish Commercial Ltd into voluntary liquidation. To book GBP200,000 in impairment costs as a result.

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Frontier IP Group PLC - London-based specialist in commercialising intellectual property - Portfolio firm Fieldwork Robotics awarded GBP84,000 grant from Innovate UK to boost robot technology in agriculture field.

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Tekcapital PLC - UK intellectual property investment company - Portfolio firm Guident acquires shock absorption technology designed for electric vehicles. Acquires exclusive license to a US patent from state of New York.

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Schroder Real Estate Investment Trust Ltd - UK-focused real estate investment trust - Completes 13 new lettings, renewals and reviews since June 30, adding GBP800,000 in rent. Rent collected for period ending September 30 now totals 82%. Notes 95% of rent collected from office portfolio, 92% in industrial and just 53% in retail and leisure.

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Residential Secure Income PLC - Investor in affordable shared ownership, retirement and local authority housing - Acquires six new build homes from Metropolitan Thames Valley Housing for GBP1.6 million in total.

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Supermarket Income REIT PLC - grocery property-focused real estate investment trust - Acquires Tesco PLC supermarket from CBRE Global Investors for GBP39.5 million.

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Duke Royalty Ltd - London-based royalty finance provider - Exits GBP2.0 million investment in Xtremepush Ltd, a Dublin-based business-to-business technology platform. Represents Duke first exit.

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Reabold Resources PLC - oil and gas project investor - Updates on IMIC-1 well, Romania. Liquids lifted from well and recovered substances include "sludge-like material". Gas flow observed after 12 hours was combination of methane and nitrogen. Well has now been shut in. Reabold holds interest in well operator ADX Energy Ltd via its 51% stake in Danube Petroleum Ltd.

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Power Metal Resources PLC - metals exploration and development company - Exercises option to earn-in to Silver Peak project, Canada. Has option to earn-in a 30% stake.

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Central Asia Metals PLC- metals explorer and developer - Reports short-term leakage of tailing from Sasa facility in North Macedonia. Says no one was harmed by leak but site is now not operational. Investigation into cause of the leak has kicked off.

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Oilex Ltd - Aberdeen-based oil and gas explorer - Amends sale and purchase agreement with Armour Energy Ltd over disposal of Cooper-Eromanga basin. Extends completion date to October 15 from September 15.

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ECR Minerals PLC - Australia-focused gold exploration and development company - Notes field mapping underway at targets at Bailieston project area in Victoria, Australia. Acquires diamond drill rig which can drill as deep as 1,300 metres. Identifies "high priority gold prospects".

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Salt Lake Potash Ltd - Australia-focused miner - Says Lake Way Project at Wiluna in Western Australia now 60% complete and on track for output in March quarter of 2021.

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IronRidge Resources Ltd - African focussed minerals exploration company - Enters into agreement with Australasian Gold Ltd for sale of non-core May Queen gold project asset in Australia. IronRidge to receive 4.5 million Australasian Gold shares, a 35% stake. IronRidge to invest AUD100,000 to provide Australasian Gold with working capital.

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Jangada Mines PLC - London-based minerals explorer - Preliminary economic assessment commissioned at Pitombeiras vanadium project, Brazil.

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Advance Energy PLC - upstream oil & gas company - Subsidiary Resolute Oil & Gas UK Ltd and 25%-owned investee Holywell Resources Ltd awarded, subject to documentation, a 50% interest in lock 43/25 and part-blocks 43/29, 43/30, 48/4 and 48/5 in the Oil & Gas Authority's 32nd offshore licensing round.

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Castillo Copper Ltd - Australia and Zambia focused base metal explorer - Finds new gold mineralisation at Big One deposit at Mt Oxide project, Australia. Will soon kick off drilling at Mt Oxide.

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Pensana Rare Earths PLC - operator of rare earths project in Angola - Reports "substantial" increase in mineral resource estimate at Longonjo project in Angola. Asset contains more than 2.3 times the previous estimate of measures and indicated resources.

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Mosman Oil & Gas Ltd - oil explorer - Completes drilling at Stanley-4 well in East Texas. Drilled completed to target depth of roughly 5,000 feet.

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Bluebird Merchant Ventures Ltd - Korean-focused gold development firm - Joint-venture partner Southern Gold does not accept an offer from Bluebird to acquire its 50% stake in Gubong and Kochang projects. Under terms of JV, an independent expert will determine a value which Bluebird must pay. Bluebird says it is "confident" it can acquire Southern Gold's interest "on attractive terms".

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SolGold PLC - Australian gold miner - Completes USD100 million royalty financing with Franco Nevada Corp in relation to Alpala copper and gold project, Ecuador. SolGold to use cash to progress project.

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Boku Inc - US-based mobile payments solution provider - Launches KakaoPay in Republic of Korea, allowing customers to make digital purchases on video game stores.

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MTI Wireless Edge Ltd - antenna manufacturer based in Israel - Secures new agreement worth USD500,000 for deployment of 5G backhaul solutions.

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Seeing Machines Ltd - computer vision technology company headquartered in London - To launch driver monitoring system for automotive industry. Kit is expected to be available to tier 1 automotive companies by end of 2020.

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Panoply Holdings PLC - IT service management company - Strong trading continued and has secured GBP10 million worth of new contract wins in first two months of second quarter. Expects annual earnings in line with expectations.

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Syncona Ltd - healthcare company with headquarters in London - Forms subsidiary named Resolution Therapeutics, a cell therapy company investigating liver disease treatment. Also co-led Series A financing for T-cell receptor firm Neogene Therapeutics. Makes USD19.0 million commitment.

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RTW Venture Fund Ltd - life sciences-focused investment firm - Leads USD50 million Series B financing in NiKang Therapeutics Inc. NiKang is ninth investment following RTW's October 2019 IPO.

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Vectura Group PLC - London-based drug delivery products - Partners with Monash University to develop an inhaled oxytocin aimed at preventing postpartum haemorrhage, vaginal bleeding, in childbirth. Vectura says to receive undisclosed revenue on a fee-for-service basis.

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Aeorema Communications PLC - London-based live events agency - To open New York events office, boosting global workforce to 24. Completes development of KIT virtual events platform.

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Brighton Pier Group PLC - Operator of Brighton Pier - Trading between July 4 and September 6 better than board expectations, with total revenue at 77% of year prior. Initially planned October for reopening of late night venues but virus uncertainty means it is yet to commit to a date.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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Wednesday 20 March 
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Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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