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Pin to quick picksSunrise Res Share News (SRES)

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AIM WINNERS & LOSERS: Sunrise results good; Surface gets brake deal

Tue, 17th Aug 2021 11:23

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

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AIM - WINNERS

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Sunrise Resources PLC, up 4.9% at 0.23 pence, 12-month range 0.19p-0.39p. Sees "early strength" from preliminary results from two commercial concrete pours of natural pozzolan from CS Pozzolan-Perlite deposit in Nevada. Said seven-day concrete strengths exceed the 24-day target strengths after just 7 days curing. Also, notes all customer trials for expansion of Horticultural grade perlite now completed for 100-tonne bulk sample. Executive Chair Patrick Cheetham said: "We are delighted to be announcing these exciting results which come after a number of frustrating delays. The preliminary results from the concrete pours using CS natural pozzolan are first-rate and, we anticipate, will provide the basis for a more structured arrangement with the CRMC carrying out this work."

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Surface Transforms PLC, up 5.0% at 65.10 pence, 12-month range 20.87p-79.00p. Selected as a tier one supplier of a carbon ceramic brake disc to an undisclosed US automotive company. The Liverpool, England-based manufacturer of carbon ceramic products said all terms and conditions have been agreed. The lifetime revenue on this contract is estimated to be GBP20 million commencing in mid 2024. Annual revenue is estimated to be GBP5 million per year from 2025 to 2027 inclusive, with approximately half that sum in 2024 and 2028.

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AIM - LOSERS

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Gattaca PLC, down 8.4% at 226.30 pence, 12-month range 44.00p-272.00p. Expects to report annual results ahead of market forecasts but below prior year's levels. The Fareham, England-based employment agency said continuing net fee income for the six months to July 31 was 7% higher than for the six months to January 31, with the full year net fee income at GBP42.5 million, lower than GBP52.8 million the year earlier, reflecting the market impact of the Covid-19 pandemic. Gattaca noted that its front line headcount increased by 13% since January whilst it was tightly managing the overall cost base. Consequently, subject to final adjustments and audit, the company said it expects continuing underlying pretax profit for the financial year that ended on July 31 to be in excess of GBP3 million, beating market consensus of GBP2.7 million. A year ago, the company posted continuing underlying pretax profit of GBP4.6 million.

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Shield Therapeutics PLC, down 10% at 43.77 pence, 12-month range 33.00p-139.45p. Excited about its long-term prospects despite swinging to loss in the first half of 2021. The Newcastle, England-based pharmaceutical company reported a swing to pretax loss of GBP7.6 million in the six months to the end of June from GBP2.7 million profit posted a year earlier. Revenue plummeted to GBP481,000 from GBP8.9 million year-on-year. Shield Therapeutics explained that revenue arised entirely from royalties from Norgine in respect of sales of Feraccru in Europe. A year ago, revenue came from the upfront payment received from ASK Pharm on entering into the license agreement for the development and commercialisation of Feraccru in China. In addition, selling, general and administrative expenses grew to GBP6.1 million from GBP4.8 million in the first half of 2020. Research and development expenditure widened to GBP1.6 million from GBP681,000 year-on-year.

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By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
5 Jun 2023 12:24

IN BRIEF: Sunrise expects GBP200,000 investment from US investor

Sunrise Resources PLC - Cheshire, England-based company focusing on the development of its three key Nevada based industrial mineral projects - Expects to receive a second investment in next week of GBP200,000 from Towards Net Zero LLC. Towards Net Zero is a US-based institutional investor focused on the green economy. This second convertible security will have a term of 24 months. It will not be subject to quarterly repayments.

Read more
31 May 2023 14:11

IN BRIEF: Sunrise Resources says 2023 may prove "pivotal" for cement

Sunrise Resources PLC - mineral project developer in US state of Nevada - Loss for the six months ending March 31 narrows slightly to GBP145,911 from GBP153,323 a year before. Has no operating revenue in either period. Sunrise says its CS pozzolan-perlite project in Nevada is shovel-ready, and the company has a first-mover advantage. Test mining for its Hazen pozzolan project in Nevada is complete, it says, and the pozzolan is free digging. Sunrise says it expects to secure additional funding when required to continue meeting corporate overheads and exploration costs for the foreseeable future.

Read more
26 Apr 2023 16:52

TRADING UPDATES: Capital Metals to appeal Sri Lanka mining suspension

(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 Mar 2023 15:36

TRADING UPDATES: SigmaRoc Sweden boost; Mosman's Cinnabar-1 success

(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 Mar 2023 14:17

Sunrise stakes 27 claims to create new project

(Sharecast News) - Nevada-focussed industrial minerals developer Sunrise Resources has staked 27 new mining claims adjacent to its Ridge Limestone Project, it announced on Wednesday.

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17 Feb 2023 12:16

Sunrise Resources continues engaging with potential CS partners

(Alliance News) - Sunrise Resources PLC on Friday said it is continuing to speak with multiple potential partners for the CS natural pozzolan-perlite project in the US state of Nevada.

Read more
10 Feb 2023 15:48

UK shareholder meetings calendar - next 7 days

Monday 13 February 
Cellular Goods PLCAGM
Tuesday 14 February 
Tui AGAGM
Wednesday 15 February 
Barkby Group PLCAGM
Blencowe Resources PLCAGM
Circle Property PLCEGM re capital reduction and shares capitalisation
GCP Infrastructure Investments LtdAGM
Helium One Global LtdAGM
JPMorgan Asia Growth & Income PLCAGM
Petro Matad LtdAGM
Thursday 16 February 
Belluscura PLCGM re share placing agreement
Benchmark Holdings PLCAGM
Devro PLCGM and Court Meeting to agree on a new cash acquisition
SSP Group PLCAGM
Friday 17 February 
Sunrise Resources PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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9 Jan 2023 16:52

TRADING UPDATES: Equals buys Roqqett; Aviva reappoints DWF

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

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21 Dec 2022 12:56

Sunrise jumps on Tolsa's recent work at Pioche

(Sharecast News) - Sunrise Resources said on Wednesday that Tolsa USA had reported positive results from its October trenching programme, its strategy for further evaluation work, and its decision to continue the option period to acquire the company's Pioche Sepiolite Project in Nevada.

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21 Dec 2022 10:55

Sunrise Resources jumps on USD1.3 million purchase option extension

(Alliance News) - Sunrise Resources PLC on Wednesday said Tolsa USA Inc will pay USD50,000 to continue the option to purchase the company's Pioche Sepiolite project in the US state of Nevada.

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13 Dec 2022 11:30

Sunrise Resources makes loss, but purchase options remain promising

(Alliance News) - Sunrise Resources PLC on Tuesday recorded a full-year loss, as mining projects continue to develop.

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2 Dec 2022 20:39

TRADING UPDATES: Sunrise secures funds; Bango launches e-distribution

(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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25 Oct 2022 14:53

TRADING UPDATES: Gunsynd invests; AQRU launches crypto-backed loans

(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
25 Oct 2022 14:18

Sunrise confirms start of trenching at Pioche

(Sharecast News) - Sunrise Resources announced on Tuesday that Tolsa USA has received approval from the US Bureau of Land Management (BLM) for its proposed trenching programme at the company's Pioche Sepiolite Project in Nevada.

Read more
14 Oct 2022 19:55

TRADING UPDATES: Pembridge Resources sales rise; RECI net assets up

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

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