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Pin to quick picksThor Energy Share News (THR)

Share Price Information for Thor Energy (THR)

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Share Price: 0.90
Bid: 0.80
Ask: 1.00
Change: 0.00 (0.00%)
Spread: 0.20 (25.00%)
Open: 0.90
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Low: 0.90
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AIM WINNERS & LOSERS: Tremor cuts guidance after soft first half

Thu, 17th Aug 2023 10:37

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

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AIM - WINNERS

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Thor Energy PLC, up 8.7% at 0.24 pence, 12-month range 0.17p-0.7p. The uranium and vanadium explorer receives all approvals necessary for drilling at its 100%-owned Wedding Bell and Radium Mountain projects in Colorado, US. The approvals allow it to begin follow-up drilling from its successful programme in 2022 at the two projects located in the historic uranium-vanadium mining district within the Uravan mineral belt. Drilling is earmarked to start in September, Thor Energy says, with drill site preparations to begin "in readiness for drilling".

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Windward Ltd, up 9.8% at 45p, 12-month range 33p-84.9p. The maritime AI company says revenue in the half-year to June 30 rises 18% year-on-year to USD12.8 million from USD10.9 million. Pretax loss narrows to USD5.7 million from USD9.9 million. Says trading momentum has continued into the second half, with annual contract value and revenues tracking in line with its expectations. "With a clear path to achieving positive [earnings before interest, tax, depreciation and amortisation], we continue to focus on the careful management of costs while continuing to deliver on our multiple strategic revenue opportunities," it says.

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AIM - LOSERS

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Tremor International Ltd, down 29% at 179.34p, 12-month range 166.25p-386.4p. The New York-based advertising technology company swings a first-half pretax loss of USD24.7 million from a profit of USD28.8 million a year before, on flat revenue of USD156.0 million, little changed from USD156.7 million. The loss stems from higher operating costs which jump to USD148.4 million from USD97.5 million, and the lack of revenue growth. Lowers annual guidance for 2023 to a contribution excluding traffic acquisition costs of between USD320 million to USD330 million, compared to guidance of USD400 million previously. Also cuts guidance for adjusted Ebitda to a range of USD85 million to USD95 million, from the prior guidance range of USD140 million to USD145 million.

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By Elizabeth Winter, Alliance News senior markets reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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10 Nov 2022 15:48

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Tuesday 15 November 
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European Opportunities Trust PLCAGM
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Petra Diamonds LtdAGM
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Copyright 2022 Alliance News Limited. All Rights Reserved.

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4 Nov 2022 11:04

AIM WINNERS & LOSERS: Enwell loses Ukraine license; Thor strikes gold

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

Read more
4 Nov 2022 10:28

Thor Mining celebrates best gold intercept yet at Pilbara project

(Alliance News) - Thor Mining PLC said it anticipates positive returns from Kelly's Ridge, after initial drilling revealed high-grade intercepts.

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4 Nov 2022 09:01

LONDON MARKET OPEN: FTSE 100 boosted by miners as commodities rise

(Alliance News) - Stocks were higher in London early Friday, as mining stocks lifted the FTSE 100, buoyed by rumours of an end to China's zero-tolerance Covid policies.

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4 Nov 2022 07:49

LONDON BRIEFING: Stocks called higher; US job growth expected to slow

(Alliance News) - Stock prices in London were called higher on Friday in the wake of US Federal Reserve and Bank of England rate hikes, as markets now await a key US jobs report, expected to show a softening in the labour market.

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26 Oct 2022 14:35

TRADING UPDATES: Solid State expects to top annual expectations

(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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10 Oct 2022 17:28

IN BRIEF: Thor Mining begins drilling at Kelly's prospect in Australia

Thor Mining PLC - Australia-focused exploration and development company - Begins drilling at Kelly's prospect in the Ragged Range project in Eastern Pilbara. Drilling targets the sheared contact of Euro Basalts and Boobina Porphyry that forms a silicified ridge extending over 1 kilometre. Drilling follows up on rock chip samples returning up to 16 grams per tonne of gold and 55 grams per tonne of silver.

Read more
10 Oct 2022 17:26

IN BRIEF: Thor Mining begin drilling at Kelly's prospect in Australia

Thor Mining PLC - Australia-focused exploration and development company - Begins drilling at Kelly's prospect in the Ragged Range project in Eastern Pilbara. Drilling targets the sheared contact of Euro Basalts and Boobina Porphyry that forms a silicified ridge extending over 1 kilometre. Drilling follows up on rock chip samples returning up to 16 grams per tonne of gold and 55 grams per tonne of silver.

Read more
30 Sep 2022 18:24

EARNINGS UPDATES: 600 Group swings to profit; Thor Mining narrows loss

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

Read more
26 Sep 2022 12:43

Thor Mining begins drilling in region historically low in uranium

(Alliance News) - Thor Mining PLC said that it has begun drilling at the Wedding Bell and Radium Mountain projects in the Uravan Mineral Belt in south-west Colorado, US.

Read more
26 Sep 2022 12:34

Thor Mining launches drilling programme at Colorado assets

(Sharecast News) - Diversified resource company Thor Mining has commenced drilling at its 100% owned Wedding Bell and Radium Mountain projects, located in the historic uranium-vanadium mining district of southwest Colorado.

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7 Sep 2022 21:42

TRADING UPDATES: Zinnwald upbeat; Nanoco-Samsung trial delay

(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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9 Aug 2022 16:50

IN BRIEF: Thor Mining shares jump on Kapunda study funding

Thor Mining PLC - Australia-focused exploration and development company - Says OZ Minerals Ltd agrees to provide AUD2.5 million, around GBP1.4 million, funding support for technical investigations into in situ recovery technology at EnviroCopper Ltd, Kapunda copper-gold ISR project in South Australia. Thor holds a 30% stake in ECL, and the funding will be non-dilutive to its holding. The funds will be used to continue studies into the potential economic extraction of copper resources via ISR, Thor says.

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1 Aug 2022 17:58

IN BRIEF: Thor Mining starts airborne survey over Ragged Range project

Thor Mining PLC - Australia-focused exploration and development company - Commences close spaced airborne survey over the north eastern part of the Ragged Range project in Pilbara, Western Australia.

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28 Jul 2022 20:54

TRADING UPDATES: Virgin Wines loses fizz; M&C revenue improves

(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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