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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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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.

More News
25 Jul 2022 11:36

IN BRIEF: Thor Mining gets good sampling results from Ragged Range

Thor Mining PLC - Australia-focused exploration and development company - Completes three programmes of reconnaissance mapping over the Ragged Range project in Western Australia. Notes this included rock chip and stream sediment sampling. Says the rock chip sampling over the 13 kilometre-long Sterling prospect returned up to 6 grams per tonne of gold in rock chip. Finds anomalous gold of up to 1.46 grams per tonne and copper of 4.8% at the Kelly prospect. Plans to continue sampling geological mapping and sampling.

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11 Jul 2022 09:48

IN BRIEF: Thor Mining shares up as campaign at Ragged Range completed

Thor Mining PLC - Australia-focused exploration and development company- Says it has drilled 48 reverse circulation holes totalling 3,120 metres at Ragged Range located in Eastern Pilbara, Western Australia, over the last three weeks. It says assay results are expected in August to September.

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30 Jun 2022 21:38

EXECUTIVE CHANGES: SDI hires former Ultra Electronics CFO as new CFO

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Thursday and not separately reported by Alliance News:

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22 Jun 2022 11:00

IN BRIEF: Thor Mining wins drilling approvals on two projects in US

Thor Mining PLC - London-based exploration and development company focused on Australia - Receives drilling approvals on its 100% owned Wedding Bell and Radium Mountain projects in southwest Colorado, US. The drilling programme will begin once a drill rig has been sourced. It will target the Saltwash horizon. Field sampling by Thor returns high-grade uranium and vanadium within Saltwash.

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21 Jun 2022 10:09

Thor Mining starts 2nd phase of drilling at Ragged Range, Australia

(Alliance News) - Thor Mining PLC on Tuesday said it has entered the next phase of drilling at the Ragged Range project in Western Australia.

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17 Jun 2022 13:37

Thor Mining finds shallow anomaly at Krona Prospect

(Sharecast News) - Thor Mining announced on Friday that the recently-completed electromagnetic geophysics survey over the nickel gossan at the Krona Prospect had identified a conductive anomaly.

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17 Jun 2022 10:14

IN BRIEF: Thor Mining finds electromagnetic conductor at Krona project

Thor Mining PLC - A London-based exploration and development company focused on Australia - Says the electromagnetic geophysics survey over the nickel gossan at the Krona prospect at its Ragged Range project in Australia identified a "shallow conductor". Says the conductor will be drill tested as part of its upcoming reverse circulation drilling programme. It is scheduled to start next week.

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6 May 2022 14:23

IN BRIEF: Thor conducts survey to find nickel sulphide mineralisation

Thor Mining PLC - A London-based exploration and development company focused on Australia - Starts conducting an electromagnetic survey over the nickel gossan, or Krona prospect, of its Ragged Range project in Eastern Pilbara, Western Australia. Says the survey is supposed to detect "conductive anomalies" that could indicate the presence of nickel sulphide mineralisation. Says the survey is being undertaken by Vortex Geophysics Pty Ltd and is expected to take one week to complete. Notes that final preparations are in place to start the second phase of reverse circulation drilling at the Sterling gold prospect.

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6 May 2022 13:13

Thor starts nickel survey on Ragged Range Project

(Sharecast News) - Thor Mining announced the start of a ground-based electromagnetic survey over the nickel gossan now referred to as the Krona Prospect on Friday, at its wholly-owned Ragged Range Project in the Eastern Pilbara of Western Australia.

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4 Apr 2022 10:49

IN BRIEF: Thor Mining wins approval for drilling at Rim Rock, Colorado

Thor Mining PLC - London-based exploration and development company focused on Australia - Wins approval to drill at Rim Rock and Section 23, Groundhog, from San Miguel County, Colorado in the United States.

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30 Mar 2022 10:40

IN BRIEF: Thor Mining rises as work starts on Ragged Range, Australia

Thor Mining PLC - London-based exploration and development company focused on Australia - Says it is currently ground mapping and sampling several lithium targets at its 100% owned Ragged Range project in Western Australia. It adds that a fixed loop electromagnetics ground geophysics survey is scheduled for mid-April over the nickel gossan at the western portion of the area. Final preparations are also in place to commence the second phase of reverse circulation drilling at the Sterling Gold prospect, Thor Mining says.

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15 Mar 2022 20:54

TRADING UPDATES: Sancus expects revenue drop; Gresham assets grow

(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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22 Feb 2022 21:57

TRADING UPDATES: Angling Direct ups revenue; Ceiba takes Omicron hit

(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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27 Jan 2022 14:34

IN BRIEF: Thor Mining shares up by a third on new lithium prospects

IN BRIEF: Thor Mining shares up by a third on new lithium prospects

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27 Jan 2022 11:25

AIM WINNERS & LOSERS: Thor Mining, Alien Metals gain on Pilbara finds

AIM WINNERS & LOSERS: Thor Mining, Alien Metals gain on Pilbara finds

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