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Pin to quick picksSerabi Share News (SRB)

Share Price Information for Serabi (SRB)

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Share Price: 63.50
Bid: 62.00
Ask: 65.00
Change: 0.50 (0.79%)
Spread: 3.00 (4.839%)
Open: 63.00
High: 64.00
Low: 63.00
Prev. Close: 63.00
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TRADING UPDATES: Angus in Balcombe blow; YouGov buys Canada asset

Tue, 02nd Mar 2021 19:11

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

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Angus Energy PLC - UK-focused onshore oil and gas development company - Notes West Sussex County Council's Planning Committee rejects planning application for an extended well test at Balcombe oil field. Angus says "disappointed" by decision. "The company is presently evaluating all of the options available with its partners," Angus adds.

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YouGov PLC - London-based research data and analytics group - Buys Toronto-based sports research and consulting agency Charlton Insights, boosting YouGov Sport's presence in Canada. Acquisition fee is tied to a "three year earn-out", YouGov adds.

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CloudCall Group PLC - Leicester, England-based provider of unified communications and contact centre software - Receives additional demand so boosts size of fundraising to GBP7.5 million, from GBP7.0 million. Equity raise consists of 8.8 million placing shares and 357,169 shares as part of PrimaryBid offer.

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Next Fifteen Communications Group PLC - London-based digital communication group - To repay GBP1.4 million in furlough money from UK government amid "continued strong trading performance".

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FastForward Innovations Ltd - technology and life sciences sector focused investor - Notes 2.3% owned investee EMMAC Life Sciences sells wellness brands to Yooma Wellness Inc. FastForward has a 9.0% stake in Yooma.

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Vela Technologies PLC - Bingley, England-based company with investments in early-stage disruptive technology businesses - Invests roughly GBP66,000 in Mode Global Holdings PLC, as part of the London-listed fintech firm's GBP6 million placing.

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Warehouse REIT PLC - real estate investment trust focused on warehouse assets - Buys multi-let warehouse estate on Glasgow Airport Business Park for GBP5.3 million, representing net initial yield of 6.3%. "The property generates a net rental income of GBP357,000 per annum," Warehouse REIT adds.

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600 Group PLC - West Yorkshire, England-based manufacturer and distributor of machine tools, precision engineered components and industrial laser systems - Says three US operations granted forgiveness of initial loans under US government's Paycheck Protection Program. Loans amount to USD2.2 million. "Second round funding under the PPP scheme for an additional USD2.2 million has been applied for. From this application, two of the three entities have so far received their allocation, amounting to USD1.6 million, with the remaining USD600,000 expected to be received in the coming weeks," 600 adds. Notes order intake has continued to improve since first Covid-19 outbreak, with February up about 40% annually.

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Coral Products PLC - Merseyside-based supplier of injection moulded plastic products - Completes disposal of Coral Product (Mouldings) Ltd and Interpack Ltd to One51 ES Plastics UK Ltd for GBP7.9 million. Notes as planned, Chief Executive Officer Michael Wood steps down following disposals. Non-Executive Chair Joseph Grimmond becomes executive chair.

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Omega Diagnostics Group PLC - sells wide range of specialist products, primarily in the immunoassay, in-vitro diagnostics market - Lands contract with Screen4 Ltd to provide Covid-19 antibody laboratory-based testing services.

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Quadrise Fuels International PLC - London-based fuel conversion technology firm - Raises GBP6.0 million from placing of 222.2 million shares at 2.7 pence each.

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PureTech Health PLC- Boston, Massachusetts-based biotherapeutics company - Founded entity Karuna Therapeutics, a firm developing medicines for psychiatric and neurological conditions, prices offer of 2.1 million shares at USD120.00 each. To raise about USD250.0 million.

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Castillo Copper Ltd - Australia and Zambia focused base metal explorer - Earmarks "strategic intent" to progress Big One deposit, Australia following " a series of excellent assay results" and global demand for copper. Castillo adds: "Further work is planned to extend known mineralisation and Big One deposit's potential scale, commencing with an induced polarisation survey to identify incremental test-drill targets."

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88 Energy Ltd - Alaska-focused oil producer - Says mobilisation of rig 111 to Merlin-1 location "progressing well" but reports "minor delays" attributed to weather. Spud date scheduled for March 8.

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Serabi Gold PLC - Brazil-focused gold miner - Raises USD17.5 million, about GBP12.5 million, from placing of 16.7 million shares at GBP0.75 each. "The financing completed today creates a strong financial position for Serabi from which we will be able to advance our significant growth opportunities," CEO Mike Hodgson says.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
10 Jul 2022 12:29

Sunday share tips: Serabi Gold, Domino's Pizza

(Sharecast News) - The Financial Mail on Sunday's Midas column recommended readers buy shares of Serabi Gold, telling them that production was recovering and that profits were set to soar.

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5 Jul 2022 11:02

IN BRIEF: Serabi Gold finds copper deposit at Matilda asset in Brazil

Serabi Gold PLC - London-based Brazil-focused gold miner - Finds porphyry at Matilda prospect in the northern Brazilian state Para. "Assay results from the first-pass three-hole diamond drilling programme into the Matilda prospect confirm the discovery of a copper-silver-molybdenum porphyry system," it explains. Porphyry copper deposits can contain elements such as gold, silver and molybdenum.

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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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22 Jun 2022 12:48

Serabi Gold reports more positive results from Coringa

(Sharecast News) - Brazil-focussed Serabi Gold reported further positive results from its Coringa development project in the Tapajos region of Para State on Wednesday, with initial ore sorting test work confirming amenability to the sorting of Coringa ore, with a "greater than three times" improvement in grade.

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22 Jun 2022 11:59

IN BRIEF: Serabi Gold shares rise with good results at Coringa project

Serabi Gold PLC - London-based Brazil-focused gold miner - Confirms "amenability" to ore sorting with a greater than three times improvement in grade at its Coringa project from initial ore sorting test work. The development project is located in the Tapajos region of Brazil.

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13 Jun 2022 14:19

Serabi Gold reports 'continued improvement' in Palito production

(Sharecast News) - Brazil-focussed miner Serabi Gold reported "continued improvement" in its production from its Palito Complex in the Tapajos region of Brazil's Para State on Monday.

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30 May 2022 14:42

IN BRIEF: Serabi Gold annual profit up; ex-Chair Sean Harvey resigns

Serabi Gold PLC - London-based Brazil-focused gold miner - Posts increased profit in 2021 on the back of higher gold prices. Pretax profit grows to USD13.1 million from USD10.4 million in 2020. Revenue rises to USD63.1 million from USD55.8 million. Firm sold gold for an average price of USD1,776 per ounce in the year versus USD1,727 in 2020. Cash cost in 2021 rises slightly to USD1,090 per ounce from USD1,075 in 2020. Gold production for April was 2,919 ounces, "the highest monthly level so far in 2022," Serabi says. Gold production in May to be similar, it adds.

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30 May 2022 14:39

Serabi Gold maintains strong production after year of growth

(Sharecast News) - Brazil-focussed gold miner Serabi said in an update on Monday that its production in April totalled 2,919 ounces - the highest monthly level so far in 2022.

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19 Apr 2022 11:06

AIM WINNERS & LOSERS: Cake Box trading strong; Sensyne falls further

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

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19 Apr 2022 11:01

Serabi Gold trims guidance after weaker quarter at Palito

(Sharecast News) - Brazil-focussed Serabi Gold reported first quarter gold production at Palito of 7,062 ounces in an update on Tuesday - a 13% reduction year-on-year - as it also trimmed its production guidance for the full year.

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19 Apr 2022 10:18

Serabi Gold shares fall as low gold production to hit full year

(Alliance News) - Serabi Gold PLC shares tumbled on Tuesday, after it announced gold production has taken a hit during the first quarter, consequently lowering its full-year production guidance.

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18 Mar 2022 13:59

Serabi reports further positive progress at Palito

(Sharecast News) - Brazil-focussed developer and miner Serabi Gold updated the market on further positive development from the Palito project on Friday.

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18 Mar 2022 10:20

Serabi Gold reveals further gold mineralisation at Piaui prospect

(Alliance News) - Serabi Gold PLC on Friday said it has made further progress on its exploration of the Piaui prospect in the Palito project, Brazil, with diamond drilling continuing to define mineralisation.

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11 Mar 2022 15:50

Serabi Gold upbeat on latest development at Coringa

(Sharecast News) - Brazil-focussed development and mining company Serabi Gold updated the market on its wholly-owned Coringa project in the Tapajos region of Para State on Friday, reporting that underground development had progressed further into the Serra Zone, with all three veins now intersected on at least one level.

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11 Mar 2022 11:03

IN BRIEF: Serabi Gold notes high-grade gold at Coringa mine

Serabi Gold PLC- Surrey, England-based Gold mining company focused on Brazil - Records further high-grade intersection from underground development at the Coringa mine in Brazil. The V3 vein of the Serra Zone records 12.4 grams per tonne of gold over 0.9 metres on the 320 metre level. Also records 14.6 grams per tonne of gold over 0.4 metres on the 340 metre level. The V1 vein records an assay of 7.8 grams per tonne of gold over 1.3 metres.

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