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Pin to quick picksSovereign Metals Share News (SVML)

Share Price Information for Sovereign Metals (SVML)

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Share Price: 33.50
Bid: 33.00
Ask: 34.00
Change: 0.00 (0.00%)
Spread: 1.00 (3.03%)
Open: 33.50
High: 33.50
Low: 33.50
Prev. Close: 33.50
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TRADING UPDATES: Aurora Investment Trust beats annual benchmark

Fri, 29th Apr 2022 19:34

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

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Aurora Investment Trust PLC - investment company - Net asset value total return for 2021 stands at 19.1%, compared to the benchmark, the FTSE All-Share Index, which returned 18.3%. As at December 31, net asset value per share increased 19% to 253.49 pence from 213.39p the same date a year prior.

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Honye Financial Services Ltd - Cayman Islands-based company seeking acquisitions in financial services and financial technology - For the six months ended January 31, pretax loss narrows to GBP75,430 from GBP345,241 the same period a year prior, due to lower administrative costs and one-off other income of GBP192,922 through directors Wanbao Xu and Yu Wing Xu waiving their unpaid salaries.

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Ceiba Investments Ltd - investment firm dedicated to investing in Cuba, with interests in the commercial and tourism real estate sectors - As at December 31, net asset value per share declines 18% to USD1.16 from USD1.41 the same date a year before.

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Neometals Ltd - London-based battery materials from upstream extraction and downstream processing - As at March 31, cash balance stands at AUD65.2 million. During the three month period, for the lithium-ion battery recycling project stage 2 refining trials are complete, and at the vanadium recovery project a feasibility study for the SSAB project has advanced during the quarter and is on-track for completion by the end of June.

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Riverstone Energy Ltd - energy investor - Net asset value per share as at March 31 is USD14.97, up 21% from the figure at the end of 2021, driven by stronger performances from portfolio firms Onyx, Centennial, Hammerhead and Enviva. Total invested capital stands at USD70 million, while realisations came up to USD66.6 million. As at March 31, portfolio has potential unfunded commitments at March 31 of USD13 million.

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AEX Gold Inc - Greenland-focused gold miner - For 2021, net loss widens to CAD24.7 million from CAD12.3 million the year before, as exploration and administrative expenses continued to rise, following the completion of the 2021 exploration programme at the Nalunaq project. Exploration was also conducted at the Vagar Ridge and Nanoq Gold targets.

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Sovereign Metals Ltd - Perth-based rutile exploration and development company focused in Malawi - At Kasiya project, mineral resource estimate is upgraded to 1.8 billion tonnes at 1.01% rutile and 1.32% graphite, equating to 18 million tonnes of contained rutile and 23 million tonnes of contained graphite. Company has started an updated scoping study to examine the impact of higher grades, increased production volumes and increased mine life. Looking ahead, demand for high-grade titanium dioxide feedstocks continued to remain strong.

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Acceler8 Ventures PLC - Jersey-based acquisitions company - For the nine months ended December 31, reports pretax loss of GBP383,783, reflecting operating expenses from professional services and listing expenses. Looking ahead, company does not expects to pay dividends in the "foreseeable future" at its current stage of development.

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Hemogenyx Pharmaceuticals PLC - London-based biotechnology company - For 2021, pretax loss widens to GBP5.1 million from GBP2.1 million the year before, driven by a hike in finance costs to GBP2.6 million as a result of a repayment in principal and interest to settle the convertible loan facilities from Orgenesis Inc.

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Red Rock Resources PLC - gold explorer in Kenya and Australia, copper-cobalt in DRC - For the six months ended December 31, posts loss of GBP1.5 million, widening from GBP430,000 a year prior,as a result of higher administrative, project development and exploration expenses, following the completion of reverse circulation drill programmes in Kenya for gold and Congo for copper and cobalt.

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Caracal Gold PLC - gold producer with operations in East Africa - Says is making headway with three-phase operational plan is well underway at flagship Kilimapesa gold mine In Kenya, looks to increase gold production to 24,000 ounces per annum and improve efficiencies. Foe 2021, revenue up at GBP4.4 million from GBP1.0 million year before and pretax loss widens to GBP8.4 million from GBP836,000 in 2020.

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Sherborne Investors (Guernsey) C Ltd - funds set up with the specific policy of investing in one company, decided by investment manager Sherborne Investors Management LP, the investment vehicle of activist investor Edward Bramson - Posts net asset value per share as at December 31 at 82.93 pence per share, up 38% from 60.21p the same date a year before.

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Orosur Mining Inc - South American gold exploration and development company - For the third quarter ended March 31, net loss narrows to USD37,000 from USD1.2 million the same period a year prior, mainly due to a share-based compensation of USD41,000 compared to a charge of USD859,000.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
3 Jun 2024 12:27

IN BRIEF: Sovereign Metals "not aware" of any reason for stock rise

Sovereign Metals Ltd - mining exploration and development company with assets in Malawi - Responds to query from Australia Securities Exchange regarding its increased share price and volume of trading securities. Says it is "not aware of any information that has not been announced which, if known, could be an explanation for recent trading". Does however note various announcements in May regarding developments at its Kasiya rutile project. These include the start of pilot mining and land rehabilitation "as part of the ongoing optimisation study"; downstream testwork showing "high-quality graphite for lithium-ion batteries"; and increased graphite bulk sample scale with installation of an industrial-scale spiral concentrator at its Lilongwe facility.

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15 May 2024 14:46

EARNINGS AND TRADING: i3 swings to quarterly loss; 4Global revenue up

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

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3 May 2024 13:39

TRADING UPDATES: Kelso raises stake in NCC; Transense joins project

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

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1 May 2024 16:37

TRADING UPDATES: Norcros sets out strategic aims; Synthomer seals sale

(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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23 Apr 2024 19:58

EARNINGS AND TRADING: Graft Polymer extends loan; ASA profit down 30%

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

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15 Apr 2024 12:23

Sovereign Metals hails higher crop yield in Malawi despite El Nino

(Alliance News) - Sovereign Metals Ltd on Monday said it was executing its strategy whilst developing the Kasiya rutile-graphite project in Malawi as it celebrated higher crop yields.

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27 Mar 2024 18:47

TRADING UPDATES: Empire Metals targets key milestones in Australia

(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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27 Mar 2024 09:40

LONDON BROKER RATINGS: Sainsbury's, Petershill Partners upped to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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20 Mar 2024 15:33

Sovereign Metals makes "significant step" in Malawi project

(Alliance News) - Sovereign Metals Ltd on Wednesday said that a shipment of ore from its project in Malawi has been handed to a laboratory in South Africa to be tested.

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13 Mar 2024 20:49

EARNINGS AND TRADING: PensionBee nears profit; OptiBiotix Indian deal

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

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15 Feb 2024 16:02

TRADING UPDATES: Diversified Energy offers dividend alternative

(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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1 Feb 2024 20:47

IN BRIEF: Sovereign Metals reports extensions to Kasiya mineralisation

Sovereign Metals Ltd - Malawi-focused mining exploration and development company - Reports southern extensions to the mineralised area at Kasiya in Malawi. Hand-auger drilling has identified a number of zones ranging from around 400 metres to 2 kilometres wide over a strike length of approximately 8 kilometres. Says these results indicate potential to expand the "already significant, high-grade" rutile and graphite mineral resource estimate at Kasiya.

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23 Jan 2024 18:39

TRADING UPDATES: Esken's Southend Airport faces further allegations

(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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9 Jan 2024 09:29

LONDON BROKER RATINGS: Berenberg cuts target prices for miners

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Wednesday:

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17 Nov 2023 15:49

UK shareholder meetings calendar - next 7 days

Monday 20 November 
abrdn Smaller Companies Income Trust PLCGM re SHRS Shares 
Bellevue Healthcare Trust PLCGM re cancalation of share premium account
Hellenic Dynamics SAGM re share subdivision and share reclassification
McBride PLCAGM
Mountview Estates PLCGM re re-election of directors
Ondo InsurTech PLCAGM
Rainbow Rare Earths LtdAGM
Seraphim Space Investment Trust PLCAGM
Tuesday 21 November 
Berkeley Energia LtdAGM
Currys PLCGM re proposed disposal of Kotsovolos
Custodian Property Income REIT PLCGM re articles of association
Physiomics PLCAGM
Starvest PLCGM re cancellation of listing
Trainline PLCGM re capital reduction
Wednesday 22 November 
Castillo Copper LtdAGM
Celtic PLCAGM
Crystal Amber Fund LtdAGM
Genus PLCAGM
GreenX Metals LtdAGM
Leeds Group PLCAGM
Wilmington PLCAGM
Thursday 23 November 
abrdn UK Smaller Companies Growth Trust PLCAGM
Avation PLCAGM
Bradda Head Lithium LtdAGM
DX Group PLCAGM
Europa Oil & Gas Holdings PLCAGM
Fiske PLCAGM
JPMorgan UK Smaller Cos Investment Trust PLCAGM
Hotel Chocolat Group PLCAGM
Pacific Horizon Investment Trust PLCAGM
Pan African Resources PLCAGM
PZ Cussons PLCAGM
Rosslyn Data Technologies PLCAGM
Friday 24 November 
Cloudbreak Discovery PLCAGM
Esken LtdEGM re Esken Renewables disposal
Neometals LtdAGM
Sovereign Metals LtdAGM
Sylvania Platinum LtdAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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