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Pin to quick picksTower Resources Share News (TRP)

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AIM WINNERS & LOSERS: Sensyne Health plunges on liquidation fears

Fri, 14th Jan 2022 11:20

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

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AIM - WINNERS

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Scotgold Resources Ltd, up 15% at 77.50 pence, 12-month range 46.00p-100.00p. The gold producer says that December brought the company's highest gold concentrate output since its first gold pour. Scotgold upped its production guidance for the first quarter of 2022. Fourth quarter gold production totalled 1,508 ounces at its Cononish gold and silver Mine. Looking forward, Scotgold said it expects its gold production for the first quarter of 2022 to be between 1,400 to 2,200 ounces.

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Asiamet Resources Ltd, up 13% at 2.80p, 12-month range 2.00p-5.06p. The exploration and development company announces discovery of "exceptional" grades of gold and silver at its BKZ deposit in Central Kelimantan, Indonesia. Asiamet reports "stunning" findings including 99 metres at 2.42 grams per tonne of gold, 542 grams of silver, and 5.0% lead. This is in addition to the previous findings of high-grade copper and zinc-lead-silver-copper-gold mineralisation at the site.

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Quiz PLC, up 14% at 17.90p, 12-month range 6.90p-29.00p. The fashion retailer reports buoyant trading over the festive period against a challenging backdrop for the sector. Quiz posted revenue for December of GBP8.8 million, 20% higher than GBP7.4 million a year before. The increase was in line with the company's guidance.

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AIM - LOSERS

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Sensyne Health PLC, down 68% at 24.50p, 12-month range 17.00p-190.00p. The healthcare technology shares hit a 12-month low as it warns it will not be able to trade beyond next month without a cash injection. Sensyne announces the signing of a non-binding term sheet with several shareholders for up to GBP12.4 million in funding. The structure of the funding will be a loan note, with the first tranche comprising GBP6.4 million, and a second tranche of GBP5 million, which is subject to mutual consent. Without the funding, it is unlikely that Sensyne will be able to continue to trade beyond early February, it said.

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Tower Resources PLC, down 23% at 0.28p, 12-month range 0.21p-0.68p. The oil and gas company raises GBP1.5 million via a new placing of shares, to put towards its African energy projects. Tower Resources issued 576.9 million new ordinary shares at a price of 0.26p per share - a 29% discount to the closing share price on Thursday of 0.37p.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
9 Apr 2014 10:45

UK WINNERS & LOSERS: Evraz Leads FTSE 250; Ex-Dividends Weigh In

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Wednesday.
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FTSE 100 - WINNERS
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Kingfisher, up 2.1%. UBS has upgraded Kingfisher to Buy from Neutral and i

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9 Apr 2014 09:09

Tower Resources Shares Slide On Placing To Fund Acquisition, Farm-In

LONDON (Alliance News) - Tower Resources PLC Wednesday said it will raise GBP19.3 million in a placing and subscription, buy Rift Petroleum Holdings Ltd by issuing the sellers 550 million Tower shares, and has agreed a farm-in to an oil exploration block in Kenya. In a statement, the compan

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5 Mar 2014 11:18

Tower Resources Notes Arrival Of Drillship To Namibia

LONDON (Alliance News) - Tower Resources PLC Wednesday said its Rowan Renaissance Drillship arrived to Walvis Bay in Namibia on Tuesday. The independent oil and gas exploration company focused on Africa said the drillship will now undergo scheduled preparation and final acceptance testing b

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24 Jan 2014 09:28

Tower Resources Moves Closer To Sale Of Interest In Namibia

LONDON (Alliance News) - Tower Resources PLC Friday said considerable progress has been made regarding its sale of a 10% interest in the PEL0010 site in Namibia. The independent oil and gas exploration company focused on Africa, said a number of interested parties have conducted a full revi

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24 Jan 2014 08:15

UK MORNING BRIEFING: Shares Open Higher On Interest Rate Assurance

LONDON (Alliance News) - UK shares have opened higher Friday, as Bank of England Governor Mark Carney backed off of forward guidance and said there is "no immediate need" to raise interest rates.

Royal Mail has reported a 2% increase in like-for-like revenues for th

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27 Dec 2013 09:52

DIRECTOR DEALINGS: Tower Resources CEO Gifts Shares

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29 Nov 2013 10:56

Tower Resources Say Key Drillship Arrival In Namibia Delayed

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29 Nov 2013 07:57

AIM IN BRIEF: Mattioli Woods Half-Year Revenue Up 20%; Eyes Acquisitions

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1 Oct 2013 07:22

Tower Resources Acquires Wilton Petroleum For USD4.3M In Cash, Shares

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25 Sep 2013 11:36

Tower Resources Acquisition Of Wilton Petroleum Moves Forward Again

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29 Aug 2013 09:48

Thursday broker round-up UPDATE

Afren: Westhouse Securities shifts target price from 160p to 165p and reiterates a buy recommendation. BAE Systems: Bank of America raises target price from 328p to 412p, while staying with its underperform rating. Cape: JP Morgan takes target price from 308p to 323p and stays with its overweight

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5 Jul 2013 07:18

Tower Resources to drill Namibian well in February

Tower Resources said it would start drilling a well in Namibia earlier than expected in February 2014. The Aim-listed oil and gas company said it had a firm rig in place at the Welwitschia-1 well in the Walvis Basin. Crucial components including well heads and casings have been ordered or are being

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21 Jun 2013 08:34

Friday broker round-up

Afren: Jefferies cuts target price from 155p to 140p and downgrades from buy to hold. Alpha Real Trust: Panmure Gordon shifts target price from 76p to 79p and retains a buy recommendation. Betfair Group: JP Morgan moves target price from 850p to 825p keeping a neutral rating. Borders & Southern P

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4 Jun 2013 07:25

Tuesday broker round-up UPDATE

Afren: Goldman Sachs shifts target price from 224p to 221p keeping a buy recommendation. Alent: Goldman Sachs initiates with a target price from 426p and a buy recommendation. Amerisur Resources: Goldman Sachs moves target price from 65p to 82p and stays with its neutral rating. Bahamas Petroleum

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31 Jan 2013 12:25

Tower Resources completes Neptune farm-out agreement

Oil and gas company Tower Resources said Thursday all conditions relating to the farm-out agreement bewteeen its subsidiary Neptune Petroleum and Arcadia Expro Namibia and Repsol Exploration were completed. As part of the agreement, Neptune released escrow funds of $5.3m to reimburse Arcadia for 30

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