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Pin to quick picksPetroTal Share News (PTAL)

Share Price Information for PetroTal (PTAL)

London Stock Exchange
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Share Price: 48.50
Bid: 45.00
Ask: 52.00
Change: 0.00 (0.00%)
Spread: 7.00 (15.556%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 46.75
PTAL Live PriceLast checked at -

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AIM WINNERS & LOSERS: Trackwise falls as loss wider, cash runway short

Thu, 30th Mar 2023 11:30

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

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AIM - WINNERS

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Scotgold Resources, up 14% at 15.33 pence, 12-month range 11p-87p. The Scottish gold producer announces interim results for the six months to December 31. Gold concentrate sales rise to AUD9.5 million from AUD6.4 million, as pretax loss widens to AUD9.5 million from AUD5.6 million. Notes its first Scottish gold dore sales, worth GBP25,420, were made to Scottish jewellery companies in December. "The period under review, whilst challenging, has seen progress and important milestones being achieved at our Cononish gold mine, in Tyndrum, Scotland," says Chair Peter Hetherington.

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PetroTal Corp, up 12% at 44.22p, 12-month range 33p-63.5p. The Peru-focused oil and gas company says average production and sales in 2022 are 12,200 and 13,168 barrels of oil per day. This is a rise of 36% and 56% respectively year-on-year, and comes despite "significantly constrained" production in the fourth quarter, due to low river levels and a river blockade. Annual net profit rises to USD188.5 million from USD64.0 million.

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AIM - LOSERS

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Trackwise Designs PLC, down 45% at 0.63p, 12-month range 0.52p-84p. The maker of specialist products using printed circuit technology says it expects annual revenue to slip to GBP7.5 million in 2022 from GBP8.0 million the year before, with pretax loss set to widen to GBP7.7 million from GBP2.0 million. Also updates on the order for flexible printed circuit boards announced back in October. Says it expects a delay to the manufacture and delivery of the parts to the electric vehicle original equipment manufacturer. This is due to the EV OEM undertaking a redesign and validated the parts to meet revised requirements. Consequently, the second GBP4.0 million payment due under the contract will not be received in April as expected. Trackwise expects the contract to have an "amended payment profile", but if this is not resolved in the coming months, its cash runway will only extend to the end of May.

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Infrastructure India PLC, down 33% at 0.2p, 12-month range 0.2p-0.9p. The Indian asset-focused closed-ended investment company says it agreed to an extension of the maturity date on its term loan with IIP Bridge Facility. The loan is a four-year facility entered into by the firm's Mauritian subsidiary, carrying a 15% interest rare per annum. The maturity date of April 1 is now extended to May 1.

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By Elizabeth Winter, Alliance News senior markets reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
18 Feb 2020 12:05

PetroTal Year-End Reserves Surge As It Begins Drilling Bretana 6H

PetroTal Year-End Reserves Surge As It Begins Drilling Bretana 6H

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21 Jan 2020 11:40

PetroTal Unveils USD100 Million Budget To Drive Up Peru Output

PetroTal Unveils USD100 Million Budget To Drive Up Peru Output

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13 Jan 2020 11:36

PetroTal Targeting Production Surge Following Strong 2019 Performance

PetroTal Targeting Production Surge Following Strong 2019 Performance

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27 Dec 2019 15:57

PetroTal signs oil sales contract with state-owned Petroperu

(Sharecast News) - Peru-focussed exploration and production company PetroTal announced an oil sales contract with state-owned Petroperu on Friday, for oil production from the Bretaña oil field, operated 100% by PetroTal.

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27 Dec 2019 13:00

PetroTal Signs Bretana Oil Sales Contract With Petroperu

PetroTal Signs Bretana Oil Sales Contract With Petroperu

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24 Dec 2019 09:56

UPDATE EXECUTIVE CHANGE SUMMARY: Week Of December 16 To 20

UPDATE EXECUTIVE CHANGE SUMMARY: Week Of December 16 To 20

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16 Dec 2019 14:43

PetroTal Completes Second Well At Bretana, Production Hits Record

PetroTal Completes Second Well At Bretana, Production Hits Record

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25 Nov 2019 10:33

UK WINNERS & LOSERS SUMMARY: PetroTal Rises After Lifting Guidance

UK WINNERS & LOSERS SUMMARY: PetroTal Rises After Lifting Guidance

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25 Nov 2019 09:16

PetroTal Shares Rise On Increased 2019 Production Guidance

PetroTal Shares Rise On Increased 2019 Production Guidance

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19 Nov 2019 13:05

PetroTal Corrects Cash Position Error But Production Going Strongly

PetroTal Corrects Cash Position Error But Production Going Strongly

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4 Nov 2019 15:35

PetroTal Appoints Chair Douglas Urch As New Chief Financial Officer

PetroTal Appoints Chair Douglas Urch As New Chief Financial Officer

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21 Oct 2019 18:12

PetroTal Completes First Horizontal Well, Spuds Another

PetroTal Completes First Horizontal Well, Spuds Another

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21 Aug 2019 11:43

PetroTal meets production targets as it continues work at Bretana

(Sharecast News) - PetroTal updated the market on its operations and production at the Bretaña field in Block 95, Peru on Wednesday, where it has a 100% working interest, reporting that it has successfully completed the BN 95-2WD well.

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10 Apr 2019 16:11

PetroTal reaches total depth with latest development well

(Sharecast News) - PetroTal announced on Wednesday that the BN 95-2-2-2XD oil development well, which began drilling operations on 26 February, has reach total depth.

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