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WINNERS & LOSERS SUMMARY: Prospex Rises After Raising GBP480,000

Fri, 12th Oct 2018 10:30

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - WINNERS----------Randgold Resources, up 3.6%, Fresnillo, up 2.5%. The gold miners were tracking spot gold prices higher and were quoted at USD1,217.55, up from USD1,215.80 at the London equities close Thursday. Deemed a safe-haven asset, gold often rises during times of market turmoil. The precious metal has risen 1.5% over the past week as a sell off engulfed stock markets across the globe amid uncertainty about global growth and repercussions of the US Federal Reserve's interest rate policy. Midcap peer Centamin was also up 5.2%. ----------DCC, up 2.0%. HSBC started coverage on the Irish distribution group with a Buy rating. ----------FTSE 100 - LOSERS----------Imperial Brands, down 3.3%, British American Tobacco, down 2.0%. The tobacco stocks fell following a global tobacco control treaty, which included a hard line decision that new "vaping" products should face the same restrictions as cigarettes. According to JapanToday, a meeting of state parties to the UN health agency's Framework Convention on Tobacco Control concluded last week with a number of anti-industry rulings, including increased efforts to curb industry influence and a call to crack down on new products.----------FTSE 250 - LOSERS----------Victrex, down 5.0%. Morgan Stanley downgraded the speciality chemicals company to Underweight from Equal Weight.----------OTHER MAIN MARKET AND AIM - WINNERS----------Prospex Oil & Gas, up 33%. The oil and gas company announced it raised GBP480,000 via the issue of unsecured notes. The company said it issued notes to new and existing investors, as well as granting subscribers 55 warrants for each GBP1 of loan note subscribed. Each warrant confers to the subscriber the right to acquire one share at 0.60 pence. The loan notes will pay 10% interest biannually, with the first cash payment in December 2019. Repayments will start in December 2020 with final repayment on June 2022. Prospex said it will use the capital raised to fund the 2019 development costs of its Selva gas discovery on the Podere Gallina permit, in Italy, and to cover its general expenditure in 2019.----------Atalaya Mining, up 12%. The copper mining and development company confirmed it is conducting a review of its strategic options, after media reports of a possible sale of the company. On Thursday, Reuters, citing two unnamed banking sources, reported that Atalaya was seeking a buyer. As a response to "recent press speculation" concerning the company, Atalaya said: "The review is ongoing and there is no guarantee that any particular course of action will proceed." Atalaya is focused on the expansion of its Proyecto Riotinto and the development of Proyecto Touro, both located in Spain.----------ASOS, up 2.5%. Credit Suisse raised the online fashion retailer to Neutral from Underperform. ----------OTHER MAIN MARKET AND AIM - LOSERS----------Symphony Environmental Technologies, down 15%. The 'smart' plastic maker said orders from the Middle East, its "principal market" for its main product, are anticipated to be lower than management expectations. The company said orders for its d2w oxo-biodegradable technology remain "strong", but the timing of orders placed has been "fluctuating quite significantly" from month to month. The company said the "majority" of its revenue derives from its d2w oxo-biodegradable plastic additives, and also "mainly" comes from outside Europe and the US. The company expects its sales in the Middle East will "substantially increase" in the next six months after improvement in government enforcement actions and increased sales from its distributors. Symphony Environmental stressed, however, the timing is "not yet clear".----------
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22 May 2020 11:03

UK WINNERS & LOSERS SUMMARY: easyJet Lower Ahead Of Board Ouster Bid

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30 Jan 2020 15:26

Prospex Oil & Gas Raises GBP720,000 In Placing To Fund Acquisition

Prospex Oil & Gas Raises GBP720,000 In Placing To Fund Acquisition

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7 Jan 2020 16:33

Prospex Receives "Key" Environmental Approval For Italian Gas Field

Prospex Receives "Key" Environmental Approval For Italian Gas Field

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17 Dec 2019 13:59

Prospex Oil & Gas agrees deal to buy into El Romeral project

(Sharecast News) - Energy investment company Prospex Oil and Gas announced the conditional acquisition of up to a 49.9% indirect stake in integrated gas production and power station El Romeral, located in the Guadalquivir basin in southern Spain, on Tuesday.

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17 Dec 2019 10:49

Prospex Agrees To Acquire Up To 50% Stake In Spanish Power Project

Prospex Agrees To Acquire Up To 50% Stake In Spanish Power Project

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23 Sep 2019 11:48

Prospex Oil & Gas Interim Loss Widens; Podere Production Set For 2020

(Alliance News) - Prospex Oil & Gas PLC's shares tumbled on Monday after it reported a widened first half loss.The exploration investment company's stock was trading 21% lower a

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4 Jul 2019 11:43

Prospex On Track For 2020 Production At Italian Podere Gallina Licence

(Alliance News) - Prospex Oil & Gas PLC on Thursday said it is on course for the Podere Gallina concession to start first production in 2020 following work on the Selva field.Shares in

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1 Jul 2019 11:10

Prospex Says Bainet-2 Well In Romania Will Be Plugged And Abandoned

(Alliance News) - Prospex Oil & Gas PLC on Monday said no commercially recoverable hydrocarbons were found at the Bainet-2 well in Romania.Shares in Prospex fell sharply in morning 26%

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26 Jun 2019 10:48

WINNERS & LOSERS SUMMARY: John Wood Sees Interim Earnings Rising

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Wednesday.----------FTSE 100 - down 2.3%. The Mexican gold miner was down as the

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13 Jun 2019 12:12

Prospex Oil & Gas Registers Maiden Profit After Successful Year

(Alliance News) - Prospex Oil & Gas PLC has swung to a maiden profit, it said Thursday, as it made "significant" progress on its onshore European projects.Prospex's main a

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26 Apr 2019 11:00

UPDATE: Prospex Oil Shares Surge On Resource Upgrade At Italian Permit

LONDON (Alliance News) - Prospex Oil & Gas PLC on Friday reported a substantial upgrade to the resource estimate for the Podere Gallina exploration permit and specifically the Selva gas field

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26 Apr 2019 10:48

WINNERS & LOSERS SUMMARY: Ferrexpo Drops As Auditor Deloitte Resigns

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - up 2.3%. The advertising company is making it

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26 Apr 2019 09:48

Prospex Oil Shares Surge On Resource Upgrade At Italian Permit

LONDON (Alliance News) - Prospex Oil & Gas PLC on Friday reported a substantial upgrade to the resource estimate for the Podere Gallina exploration permit and specifically the Selva gas field

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12 Mar 2019 17:06

Prospex upbeat on enlargement of Suceava Concession

(Sharecast News) - Prospex Oil and Gas said on Tuesday that it has been advised by the operator, Raffles Energy, that the National Agency for Mineral Resources (NAMR) has granted an enlargement of the exploration area of the EIV-1 Suceava Concession in north east Romania.

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12 Mar 2019 10:26

Prospex Oil & Gas Raises Cash As It Expands Suceava Acreage (ALLISS)

LONDON (Alliance News) - Prospex Oil & Gas PLC on Tuesday said it has raised GBP800,000 in a share placing to go towards drilling work in Romania.Prospex has placed 400.0 million share

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