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Share Price Information for Sunrise Res (SRES)

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Share Price: 0.0475
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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.

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12 Oct 2022 12:39

Sunrise Resources enters pozzolan testing arrangement

(Sharecast News) - Sunrise Resources announced the start of a collaborative arrangement with an existing processor of natural pozzolan for mining and test grinding of a bulk sample of its Hazen natural pozzolan deposit in northern Nevada on Wednesday.

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2 Sep 2022 09:47

Sunrise Resources shares up on USD1.3 million purchase option

(Alliance News) - Sunrise Resources PLC on Friday reported it granted Tolsa USA Inc a USD1.3 million purchase option for the Pioche Sepiolite project in the US state of Nevada.

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12 Jul 2022 16:02

IN BRIEF: Sunrise Resources shares fall on GBP100,000 placing

Sunrise Resources PLC - Macclesfield, England-based mineral project developer - Raises GBP100,000 through a conditional placing of 100 million shares at a price of 0.1 pence per share. The placing was arranged through the company's broker, Peterhouse Capital Ltd, who also agreed to settle its 5% placing commission and broker fees for the quarter ended September 30. Funds will be used towards the company's general working capital.

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28 Jun 2022 15:58

IN BRIEF: Sunrise Resources grants purchase option for Pioche project

Sunrise Resources PLC - Macclesfield, England-based mineral project developer - Grants the US subsidiary of Spanish sepiolite producer Tolsa SA an exclusive 6-month option to purchase its wholly-owned Pioche Sopiolite project in Nevada, US. Purchase option payable for USD1.3 million in cash. Tolsa may also extend the option for a further 12 months on the payment of USD50,000. Sunrise would retain 3% net revenue royalty for a 25-year period from the start of commercial production at the site. An advance royalty of USD50,000 per year will be paid if production is not started within 5 years.

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27 Jun 2022 21:51

TRADING UPDATES: Anglo-Eastern Plantations sees palm oil prices rise

(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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24 May 2022 18:09

EARNINGS UPDATES: Topps Tiles in record revenue; Lords doubles profit

(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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19 May 2022 18:55

TRADING UPDATES: Knights tips revenue hike; Gym Group eyes growth

(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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11 May 2022 13:55

IN BRIEF: Sunrise Resources applies for approval of natural pozzolan

Sunrise Resources PLC - Macclesfield, England-based mineral project developer - Applies for approval of natural pozzolan for use in California state infrastructure projects. The California Department of Transport, known as Caltrans, is responsible for the award. "Caltrans has long recognised the potential for the fly ash shortages we see today in the western US," Sunrise says. The firm adds that natural pozzolans have the "greatest single potential supply volume," to fill a supply shortfall.

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11 May 2022 12:47

Sunrise seeks approval for pozzolan on California transport projects

(Sharecast News) - Sunrise Resources said on Wednesday that it has applied to the California Department of Transport (Caltrans) for conditional approval of CS natural pozzolan for use in infrastructure projects in the state.

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4 May 2022 13:10

Sunrise reports positive industry interest in pozzolan project

(Sharecast News) - Sunrise Resources updated the market on its CS Natural Pozzolan-Perlite Project on Wednesday, following its chairman's recent visit to the United States, reporting that meetings had been held with multiple parties, including existing and new interested parties.

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4 May 2022 12:29

IN BRIEF: Sunrise Resources shares rise as project discussions continue

Sunrise Resources PLC - Macclesfield, England-based mineral project developer - Says it identified and started discussions with new parties interested in joint development of the CS Natural Pozzolan-Perlite project in Nevada, US. Says discussions continue and that the chair's recent trip to the US enabled these to be advanced and site visits to be undertaken with "certain parties". Continues to find and reach out to other potentially interested parties. Confident a partner will be found soon.

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8 Mar 2022 14:33

IN BRIEF: Sunrise Resources falls after terminating JV negotiations

Sunrise Resources PLC - Macclesfield, England-based mineral project developer - Terminates further negotiations with an unnamed cement and ready-mix company as the discussion have "failed to reach a satisfactory conclusion" in regards to a joint-venture project.

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8 Mar 2022 11:11

AIM WINNERS & LOSERS: Harvest sales surge; Sunrise ends project talks

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

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