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Pin to quick picksQuantum Block Share News (QBT)

Share Price Information for Quantum Block (QBT)

London Stock Exchange
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Share Price: 1.025
Bid: 1.00
Ask: 1.05
Change: 0.05 (5.13%)
Spread: 0.05 (5.00%)
Open: 1.075
High: 1.125
Low: 1.025
Prev. Close: 0.975
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AIM WINNERS & LOSERS: Westminster Group surges as revenue jumps

Thu, 01st Jun 2023 10:52

(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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Westminster Group PLC, up 38% at 1.59 pence, 12-month range 0.93p-2.47p. The provider of security services says revenue rose to GBP9.5 million in 2022 from GBP7.1 million in 2021, and pretax loss narrowed to GBP365,000 from GBP1.9 million. Looking ahead, Westminster expects 2023 to be "a record year", after beginning it on a positive note.

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Edenville Energy PLC, up 36% at 7.50 pence, 12-month range 4.30p-19.18p. The thermal coal developer raises GBP1.5 million through direct subscriptions by two African focused mining investment groups. Says 29.4 million shares will be issued at 5.0p. Funds from the capital raise will be used by the company to fund its ongoing working capital requirements and for due diligence costs associated with ongoing review work of potential new and strategically complimentary projects in Africa.

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AIM - LOSERS

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Quantum Blockchain Technologies PLC, down 22% at 1.51p, 12-month range 0.85p-2.47p. The cryptocurrency researcher and investor raises GBP1.0 million via placing of 71.4 million shares at 1.4 pence per share, a 27% discount to Wednesday's closing price of 1.93p. Company will use proceeds for research and development programmes, especially further development of its proprietary bitcoin mining machine learning algorithms and software product release, as well as its North America business development activities. Chief Executive Officer & Executive Chair Francesco Gardin says: "We are pleased to have performed this placing, which secures the funds to continue implementing the development of the company's cutting edge proprietary technologies."

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By Sophie Rose, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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16 Aug 2022 14:15

IN BRIEF: Quantum Blockchain Technologies shares suspended on AIM

Quantum Blockchain Technologies PLC - London-based cryptocurrency researcher and investor - Shares are temporarily suspended from trading on AIM pending an announcement.

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3 Aug 2022 08:09

Quantum Blockchain Technologies receives EUR77,000 in legal costs

(Alliance News) - Quantum Blockchain Technologies PLC on Tuesday said a UK legal claim against the company has been resolved, with EUR77,000 in legal costs paid to the firm.

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30 Jun 2022 19:25

EARNINGS UPDATES: Bushveld loss widens; Scottish Investment assets up

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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23 May 2022 14:51

IN BRIEF: Quantum Blockchain rises on positive bitcoin mining testing

Quantum Blockchain Technologies PLC - London-based cryptocurrency researcher and investor - Starts bitcoin mining testing, using knowledge-based algorithms. Says the actual mining will follow shortly after the completion of testing. Explains that the main purpose of the mining activity is to collect real-time data "to populate" its existing big data database. This will then be utilised by its research and development team with machine learning and data analysis tools.

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23 May 2022 13:28

Quantum Blockchain surges on crypto mining progress

(Sharecast News) - Quantum Blockchain Technologies updated the market on the current progress of its bitcoin mining research and development on Monday, reporting that it has moved from simulation testing and started live experimental mining on its platform using a standard version of the 'SHA-256' algorithm.

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11 Mar 2022 11:06

Quantum Blockchain shares surge on bitcoin mining algorithm discovery

(Alliance News) - Quantum Blockchain Technologies PLC on Friday said it has discovered a new bitcoin mining algorithm that is promising enough to file a patent application.

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19 Jan 2022 21:29

TRADING UPDATES: WH Smith faces director pay revolt; Troy lowers fees

TRADING UPDATES: WH Smith faces director pay revolt; Troy lowers fees

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31 Dec 2021 10:55

AIM WINNERS & LOSERS: Blockchain and podcasts prosper in 2021

AIM WINNERS & LOSERS: Blockchain and podcasts prosper in 2021

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12 Nov 2021 21:14

IN BRIEF: Quantum Blockchain confident about ongoing court case

IN BRIEF: Quantum Blockchain confident about ongoing court case

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12 Nov 2021 12:37

Quantum Blockchain upbeat on latest decision from Venice Court

(Sharecast News) - Quantum Blockchain Technologies updated shareholders on Friday on the latest hearing regarding the legal action started by the plaintiff Sipiem, which was subsequently acquired by Clear Leisure 2017, against Sipiem's previous board and internal audit committee, held before the Venice Court on 10 November.

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30 Sep 2021 12:57

IN BRIEF: Quantum Blockchain shares soar on Bitcoin mining patent

IN BRIEF: Quantum Blockchain shares soar on Bitcoin mining patent

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30 Sep 2021 11:14

Quantum Blockchain files for 'breakthrough' Bitcoin mining patent

(Sharecast News) - Quantum Blockchain Technologies announced on Thursday that, as an initial result of its new Bitcoin mining research and development strategy and following the work of its cryptography expert, it has filed an application for its first patent, the 'ASIC UltraBoost'.

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23 Sep 2021 07:03

IN BRIEF: Quantum Blockchain interim loss widens as expenses jump

IN BRIEF: Quantum Blockchain interim loss widens as expenses jump

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22 Sep 2021 12:44

Quantum Blockchain losses widen as it pursues crypto strategy

(Sharecast News) - Quantum Blockchain Technologies reported revenue from continuing operations of €6,000 in its interim results on Wednesday, down from €32,000 year-on-year, as its operating loss widened to €0.71m from €0.23m.

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18 Aug 2021 12:53

TRADING UPDATES: Angling Direct reels in sales; Live Co to make elves

TRADING UPDATES: Angling Direct reels in sales; Live Co to make elves

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