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Pin to quick picksRa Internation. Share News (RAI)

Share Price Information for Ra Internation. (RAI)

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Share Price: 7.75
Bid: 7.50
Ask: 8.00
Change: 0.00 (0.00%)
Spread: 0.50 (6.667%)
Open: 7.75
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Low: 7.75
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AIM WINNERS & LOSERS: Premier African Minerals slides on project delay

Thu, 25th May 2023 11:22

(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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European Metals Holdings Ltd, up 7.3% at 33.80 pence, 12-month range 29.50p-59.00p. The mineral exploration and development company says testwork confirms separation efficiency and capability of flotation of lithium-bearing zinnwaldite from Cinovec in Czechia. It notes that the updated flotation testwork recently undertaken at Nagrom Laboratories, Perth, has repeatedly reached over 95% lithium recovery from flotation concentrates at target Li-grades and mass yield. "The exceptional lithium extraction results are outstanding and further underline the commercial viability of operations at Cinovec," says Chair Keith Coughlan. "We expect the current testwork to be completed by the end of June and will publish the full results." Cadence Minerals, which has a 6.8% stake in European Metals, was down 1.6%.

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AIM - LOSERS

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Premier African Minerals PLC, down 29% at 0.55p, 12-month range 0.26p-1.04p. The Africa-focused minerals and metals project developer says its process plant at Zulu lithium and tantalum project is now fully commissioned. The supplier has advised Premier African that the milling and sizing component of the plant requires certain limited modifications to allow for full optimisation to design capacity throughput. It now expects the first spodumene shipments in June, and final optimisation in the fourth quarter of 2023 following plant modifications.

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RA International Group PLC, down 23% at 12.10p, 12-month range 11.05p-25.00p. The London-based remote site services provider in Africa and the Middle East says pretax loss narrowed to USD13.2 million in 2022 from USD32.2 million in 2021. Revenue rises 15% to USD62.9 million from USD56.4 million the prior year. However, the company's underlying earnings before interest, tax, depreciation, and amortisation falls by 91% to USD600,000 to USD6.7 million. The underlying Ebitda margin narrowed markedly to 1.0% from 12.3%. The company says this was a reflection of "inflationary pressure impacting the business since the second half of 2021". The margin pressure will abate over time, RA says, "with newly awarded contracts generating improved margins".

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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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3 Apr 2020 16:16

RA International gets $15.6m task order from IAP

(Sharecast News) - Remote location services provider RA International Group has signed a further task order with IAP Worldwide Service for the provision of supply chain services, it announced on Friday.

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RA International Pens Further Task Order With IAP Worldwide Services

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18 Dec 2019 10:48

RA International Shares Rise On New Contract Phase, Positive Outlook

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10 Sep 2019 10:50

RA International Shares Dive As Interim Results Fall On Contract Delay

(Alliance News) - RA International Group PLC said Tuesday interim profit and revenue fell amid contracts delays, with the second half of 2019 set to experience a strong performance.Shares -

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24 Jun 2019 12:01

RA International Hails Upbeat Trading As Secures New USD9 Million Deal

(Alliance News) - RA International Group PLC said Monday it secured a new USD9 million delayed government contract as it reported "encouraging" trading in 2019 to date.The deal RA

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24 Jun 2019 08:10

RA International score government contract as revenue backlog tops $150m

(Sharecast News) - RA International has been awarded a Government contract worth as much as $9m that will see the firm provide construction and facilities management services over the next three years.

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17 Jun 2019 16:02

UK Shareholder Meetings Calendar - Next 7 Days

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16 May 2019 14:19

RA International scores $10.7m humanitarian contract

(Sharecast News) - RA International on Thursday won a $10.7m contract from a large humanitarian client in Central Africa to construct accommodation facilities for peacekeeping troops in up to 10 locations.

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16 May 2019 10:57

Gaming Realms jumps after global distribution contract win

(Sharecast News) - Gaming Realms on Thursday netted a 3-year agreement to distribute gambling games from Scientific Games' Digital Group (SG Digital) via SG Digital's opening gaming system platform.

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10 May 2019 09:43

RA International expands work with UN in Somalia

(Sharecast News) - Remote locations service provider RA International has been awarded a new contract by the United Nations Support Office in Somalia (UNSOS) to provide vehicle and equipment fleet operation and first line maintenance services in up to 10 locations, it announced on Friday.

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10 Apr 2019 11:54

RA International Rewards Shareholders As It Pays Maiden Dividend

LONDON (Alliance News) - RA International Group PLC on Wednesday paid its maiden annual dividend following solid growth in underlying profit.RA International, which provides construction in

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20 Mar 2019 12:37

RA International Expands Operations In Mozambique With Acquisitions

LONDON (Alliance News) - RA International Group PLC said on Wednesday that it has concluded an agreement to acquire 150,000 square metres of land in Northern Mozambique.The remote site to a

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17 Dec 2018 08:29

RA International to fall short after project delays

(Sharecast News) - Construction services outfit RA International has made some "good progress" on its strategic objectives since admission to trading on AIM earlier this year, but expects results to come in below expectations as a result of several project delays.

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11 Dec 2018 08:12

RA International secures contract in unnamed country with unnamed client

(Sharecast News) - Remote location services specialist RA International Group has secured a contract in an unnamed central African country, with an unidentified publicly-listed US company, it announced on Tuesday.

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