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Share Price Information for SolGold (SOLG)

London Stock Exchange
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Share Price: 9.14
Bid: 9.14
Ask: 9.21
Change: -0.06 (-0.65%)
Spread: 0.07 (0.766%)
Open: 9.30
High: 9.30
Low: 9.12
Prev. Close: 9.20
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UK TRADING UPDATE SUMMARY: NHS Uses Induction Healthcare's Mobile App

Thu, 16th Apr 2020 14:57

(Alliance News) - The following is a round-up of updates by London-listed companies on the impact of the Covid-19 pandemic, issued on Thursday and late Wednesday and not separately reported by Alliance News:

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Induction Healthcare Group PLC - healthcare technology - Says majority of doctors in UK National Health Service using Induction healthcare information mobile application. Says demand for company's tools have increased as a result of Covid-19 outbreak.

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N4 Pharma PLC - pharmaceuticals - Receives Covid-19 plasmid DNA from National Institute for Health in US. Researching whether Nuvec medication can produce Covid-19 antibodies.

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Target Healthcare REIT PLC - healthcare property investor - Received rent collection for March quarter in line with usual collection patterns. Says confirmed Covid-19 cases affecting fewer than 5% of beds in its portfolio.

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Two Shields Investments PLC - investor - Portfolio company BrandShield warns of increase in phishing scams during the pandemic. Warns that illicit scams target users of streaming services, 639 new domain names with the word Netflix were registered since beginning of 2020.

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Morses Club PLC - lender - Launches remote lending product. Says 33% of collections transferred from face-to-face to remote over past three weeks.

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Charles Stanley Group PLC - wealth manager - Funds under management down 20% to GBP20.2 billion in three months to March from GBP25.3 billion in December amid market volatility.

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Management Consulting Group PLC - consultants - Says 2020 started promisingly but trading began to suffer in Asia in February due to pandemic. Disruption spread to other regions in March. Targeting, unconnected to Covid-19, GBP4 million in annual cost savings.

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Dillistone Group PLC - recruitment software - Had "strong" start to 2020 prior to Covid-19 impact. Says demand suffered due to pandemic. Says no full-year guidance and delays annual results, initially penned to be reported on April 27.

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Gaming Realms PLC - mobile games - Delays full-year results that were initially planned for this week. Audit yet to be completed due to Covid-19 disruption.

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Sportech PLC - gambling software - Delays annual general meeting due to Covid-19. AGM to be held before end of June, but not on May 20 as initially planned. Chair and chief executive officer take 50% pay cuts, salary freeze implemented, and "significant" number of staff furloughed.

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Escape Hunt PLC - escape room experiences - Has furloughed 124 staff and expects VAT and other tax deferrals. Says some landlords have allowed for rent payments to be deferred and senior staff have taken 25% pay cut. Company's monthly cash costs slashed by 70%.

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Revolution Bars Group PLC - bar operator - Increases Natwest revolving credit facility to GBP30.0 million until August 31.

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Hornby PLC - toys and hobby products - Benefiting from government support schemes in markets where it operates. Says full-year revenue and gross margin ahead of year prior but no financial guidance of Covid-19 impact due to uncertainty.

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Walker Greenbank PLC - interior furnishings - Closed factories in UK as well as showrooms elsewhere in New York and Paris. Accessing government support schemes "wherever possible". Vast majority of employees furloughed and management team take 20% salary reduction.

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Haydale Graphene Industries PLC - advanced materials - Still assessing full impact of virus but notes falling demand for silicon carbide blanks. Taking advantage of US and UK government support schemes.

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Woodbois Ltd - forestry and timber - Says first quarter revenue up 10% year-on-year amid no Covid-19 demand hit until end of quarter. Factories in Gabon closed due to lockdown.

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DX Group PLC - freight and delivery - Says delivery activity down by 33% immediately after UK government lockdown. Furloughs some employees and has cut spending.

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Volex PLC - power products - Sales for the year ended April 5 up 5.4% to USD392 million from USD372 million. Expects future trading to be hit by government containment measures due to Covid-19.

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Proton Motor Power Systems PLC - fuel cell technology - No case of Covid-19 at factories. Protective measures in place at Puchheim, Munich unit.

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Amedeo Air Four Plus Ltd - aircraft leasing - Customer Emirates seeking financial accommodation. Amedeo asks asset manager to continue talks with the airline and its lending banks.

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TP Group PLC - engineering services - To build gas production equipment in response to Covid-19. Says equipment will be able to produce medical gases.

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Kodal Minerals PLC - exploration and development - Granted renewal of exploration permits at Dabakala and Korhogo gold projects in Cote d'Ivoire. Notes planned activity at joint-venture projects with Resolute Mining Ltd postponed due to virus.

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SolGold PLC - gold and copper miner - Receives expressions of interest for potential concentrate offtake at Alapala project, Ecuador. Says 10 received and more expected when Covid-19 restrcitions lifted.

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Hummingbird Resources PLC - gold miner - No material production hit from Covid-19 but risk mitigation measures in place. First quarter production down 11% quarter-on-quarter to 30,282 ounces of gold poured.

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Capital Drilling Ltd - mining services - Says mining operations continue uninterrupted despite Covid-19 uncertainty. Supply chain movement mainly land and sea based so largely unaffected by travel curbs. First-quarter revenue rises 20% to USD32.5 million.

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Base Resources Ltd - mineral explorers - Says operations at Kwale, Kenya continued uninterrupted so full-year guidance maintained. In quarter-ended March, ilmenite production up 20% year-on-year, rutile up 17% and zircon rises 32%.

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Reabold Resources PLC - oil project investor - Drilling at IMIC-2 well in 50%-owned Danube project, Romania delayed due to Covid-19 border closures. Reports commencement of activity at West Newton B site onshore UK.

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Tlou Energy Ltd - gas and solar projects - Says cost reductions in place to counter Covid-19 impact. Notes state of national emergency declared in Botswana.

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Great Western Mining Corp PLC - explorer - Application for surface disturbance works at Nevada acreage accepted in "timely manner" despite Covid-19 outbreak.

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Anglo Asian Mining PLC - gold, silver and copper producer - Reports 10% first quarter fall in gold equivalent production to 18,219 ounces. Says first quarter in line with guidance despite Covid-19 outbreak.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
23 Nov 2022 14:50

IN BRIEF: SolGold to raise USD36 million via investments

SolGold PLC - Brisbane, Australia-based developer of copper-gold deposits in Ecuador - Says Jiangxi Copper Investment Company Ltd and other investors have agreed to buy 180 million shares at USD0.20 cents per share. Specifically, Jiangxi, a China-based firm that principally engages in the mining, smelting and processing of copper, will buy 155 million of shares. Jiangxi will have a 6.3% ‎stake in SolGold. Says all the shares are expected to raise USD36.0 million from the investors.

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22 Nov 2022 11:17

SolGold looks towards strategic review after appointing interim CEO

(Alliance News) - SolGold PLC on Tuesday said it is looking to maximise shareholder value through a USD50 million investment, a merger, and a "top priority" strategic review.

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10 Nov 2022 14:24

IN BRIEF: SolGold says CEO Cuzzubbo leaves with immediate effect

SolGold PLC - Brisbane, Australia-based developer of copper-gold deposits in Ecuador - Says Managing Director and Chief Executive Officer Darryl Cuzzubbo has left the company and the board, effective November 10. SolGold appoints non-executive director Scott Caldwell as interim CEO until a permanent replacement is appointed.

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25 Oct 2022 10:17

SolGold appoints non-executive directors as part of Cornerstone merger

(Alliance News) - SolGold PLC on Tuesday said it has appointed Scott Caldwell and Dan Vujcic as non-executive directors on the company board, effective immediately, in accordance with the terms of its merger with Cornerstone Capital Resources Inc.

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7 Oct 2022 10:26

SolGold shares up on merger deal with Cornerstone Capital

(Alliance News) - SolGold on Friday said it has entered into a friendly merger with Toronto-listed Cornerstone Capital Resources Inc, whereby SolGold will buy all of Cornerstone's shares.

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7 Oct 2022 07:44

LONDON BRIEFING: Stocks to open lower ahead of US jobs data

(Alliance News) - Stocks in London were called lower on Friday ahead of key US jobs data, and after further hawkish cues from the US Federal Reserve.

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29 Sep 2022 11:50

SolGold turns to annual profit on remeasurement of liability

(Alliance News) - SolGold PLC on Thursday posted a profit due to the reassessment of a financial liability for the Alpala mine project in Ecuador.

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11 Aug 2022 10:54

SolGold overhauls management suite as Cascabel focus ramps up

(Alliance News) - SolGold PLC on Thursday said Chief Financial Officer Ayten Saridas, Non-Executive Director Keith Marshall and Head of Exploration Jason Ward plan to step down.

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28 Jul 2022 15:22

TRADING UPDATES: CVS says "well-placed"; Ceres Power revenue falls

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

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13 May 2022 14:32

SolGold's Ecuador director resigns; loss widens

(Alliance News) - SolGold PLC on Friday reported a widened quarterly loss and said its head of Ecuador has resigned with immediate effect.

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11 May 2022 16:53

SolGold appoints new permanent CFO after year-and-a-half gap

(Alliance News) - Shares in SolGold PLC rose on Wednesday after appointing Ayten Saridas as its new chief financial officer.

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20 Apr 2022 20:40

TRADING UPDATES: SolGold hails Cascabel; President Energy upbeat

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

Read more
13 Apr 2022 18:47

TRADING UPDATES: BlueRock output rises; Watkin Jones profit to fall

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

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15 Feb 2022 22:16

TRADING UPDATES: Burford, Frenkel Topping expect contrasting results

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

Read more
8 Dec 2021 15:13

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

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