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Pin to quick picksThor Energy Share News (THR)

Share Price Information for Thor Energy (THR)

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LONDON AIM WINNERS & LOSERS: Ironridge Rallies On Ewoyaa Study Results

Tue, 19th Jan 2021 10:37

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

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AIM WINNERS

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Ironridge, up 45% at 21.00 pence. The Australia-based minerals exploration company reported "exceptional" scoping study results at the Ewoyaa lithium project in Ghana, with the study supporting the business case for 2.0 million tonnes per year production operation with life of mine revenue exceeding USD1.55 billion.

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Alumasc Group, up 23% at 140.00p. The Kettering, Northamptonshire-based building products supplier said conditions in its markets have remained positive, resulting in a "record" profit for the first half. Revenue increased 11% year-on-year to GBP45.6 million in the six months to the end of December and underlying pretax profit surged to GBP6.0 million from GBP2.3 million. Alumasc said it has entered the second half with good momentum and a resumption of its previous dividend policy is being mulled over by the board.

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Microsaic Systems, up 20% at 0.24p. The developer of mass spectrometry instruments said that it has, through Turner Pope Investments, conditionally raised GBP5 million via an oversubscribed placing of 5.00 billion new shares. "The net funds from the placing will fund the commercialisation of Microsaic's current miniaturised products and services, provide funds to further develop Microsaic's product and service portfolio and fund general working capital purposes to drive increased revenues by collaborations and revenue sharing opportunities that build and extend our existing sales, marketing and distribution channels," said Chief Executive Glenn Tracey.

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Trufin, up 15% at 77.44p. The the lending and technology company said revenue for 2020 is expected to be "significantly" ahead of market expectations, at around GBP14.6 million - double the GBP7.3 million posted for 2019. Firm's adjusted pretax loss also expected to be ahead of market forecasts, at no more than GBP8.4 million versus a loss of GBP9.3 million the year before.

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Thor Mining, up 13% at 1.03p. The exploration and development company with projects in Australia said it has raised GBP750,000 via the placing of 88.2 million new shares at 0.85p each. A London-based specialist resources investor is investing GBP600,000 and Artemis Resources - of which Thor director Mark Potter is non-executive chair - is also to invest GBP150,000. Funds will be used for exploration activities at the Ragged Range, gold & nickel project in the Pilbara Western Australia, copper evaluation at Alford East in South Australia, initial drilling of the uranium and vanadium projects in the US, and general working capital.

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AIM LOSERS

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Mountfield, up 19% at 0.49p. The Essex-based flooring and construction firm said accounts for the second half of 2020 show "the impact of the pandemic on the group", as it achieved a level of profitability below that in the first half. As a result of difficult trading conditions and uncertainty over which areas of construction will be in demand following the pandemic, the firm is considering making structural changes to the group.

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Iofina, down 7.2% at 13.45p. The US-focused iodine producer reported second half crystalline iodine production of 325.5 metric tonnes, the highest half-year production total in company history. However, back in October the firm said it was on track to achieve the lower end of its 340 to 360 metric tonne forecast for the second half. Iofina said indications in 2021 suggest the iodine market is recovering after lower demand in the second half of 2020.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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Friday 18 August 
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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4 Aug 2023 11:25

IN BRIEF: Thor Energy proposes share consolidation to reduce shares

Thor Energy PLC - uranium and vanadium explorer - Calls general meeting on August 23 to seek shareholder approval for a new share consolidation of one share for every 10 existing shares; to issue and allot shares to Spencer Metals Pty Ltd following its acquisition of a 29% interest in a portion of exploration licenses; and an issue of performance shares to directors. Thor Energy says it has a large number of shares on issue, at a disproportionate number relative to its peers.

Read more
4 Aug 2023 10:41

AIM WINNERS & LOSERS: Ilika up as inks 10-year manufacturing licence

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

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1 Aug 2023 19:45

TRADING UPDATES: Spectral does not expect delay to Rosecliff deal

(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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27 Jul 2023 18:22

TRADING UPDATES: Pod Point cuts outlook; CVS Group buys in Australia

(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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31 May 2023 14:19

IN BRIEF: Thor Energy initiates surveys to identify mineralisation

Thor Energy PLC - London-based uranium and vanadium explorer - Says airborne magnetic, radiometric surveys begin in its wholly owned uranium and vanadium projects within the Uravan mineral belt in Colorado and Utah, US. The surveys are at Wedding Bell, Radium Mountain and Vanadium King, and are being carried out to identify potential extensions of mineralisation. Expects work to continue for the next six weeks.

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26 Apr 2023 19:33

TRADING UPDATES: Thor Energy reports significant drill intercepts

(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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26 Apr 2023 13:14

Thor Energy reports positive results from Alford East review

(Sharecast News) - Thor Energy announced new rare earth element (REE) drill results from a review of the previously-announced 2021 copper and gold drilling at the Alford East Project in South Australia on Tuesday.

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24 Apr 2023 10:45

Thor Energy confirms vanadium mineralisation at Colorado projects

(Alliance News) - Thor Energy PLC said on Monday assays from its Wedding Bell and Radium Mountain uranium and vanadium projects validate downhole gamma readings for uranium and confirm broader vanadium mineralisation.

Read more
24 Apr 2023 09:50

AIM WINNERS & LOSERS: Karelian rises as exploration programmes begin

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

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17 Apr 2023 19:43

TRADING UPDATES: BATM reports Edgility progress, Rambler starts sale

(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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17 Apr 2023 11:14

Thor Energy upbeat on EnviroCopper survey results

(Sharecast News) - Thor Energy announced on Monday that its 30%-owned subsidiary EnviroCopper (ECL) has completed an ambient noise tomography (ANT) survey at the Alford West Project in South Australia, with successful results.

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14 Mar 2023 17:39

EARNINGS SUMMARY: Eagle Eye profit up; Litigation Capital optimistic

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

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2 Mar 2023 17:26

Thor Energy says advanced survey technique in use at Alford West

(Alliance News) - Thor Energy PLC on Thursday said its 30% owned portfolio company EnviroCopper Ltd has commenced an advanced geophysical survey technique at the Alford West project in South Australia.

Read more
2 Mar 2023 13:22

Thor subsidiary starts using innovative geophysical technique

(Sharecast News) - Thor Energy announced on Thursday that its 30%-owned subsidiary EnviroCopper had begun working on an innovative geophysical technique at the Alford West Project in South Australia.

Read more

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