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Pin to quick picksTower Resources Share News (TRP)

Share Price Information for Tower Resources (TRP)

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Share Price: 0.0125
Bid: 0.012
Ask: 0.013
Change: 0.0005 (4.17%)
Spread: 0.001 (8.333%)
Open: 0.012
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Low: 0.0115
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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
29 Jun 2010 07:27

Tower Resources Uganda Survey Collects 66% Of Programmed Data

LONDON (Dow Jones)--Tower Resources PLC (TRP.LN), an oil and gas exploration company with interests in sub-Saharan Africa, principally in Uganda and Namibia, said Tuesday that in Uganda, the aero gravity gradiometry survey, after collecting first data on June 14, has, at the end of operations on Ju

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25 Jun 2010 13:45

Global Petroleum strikes deal with Tower Resources

Oil company Global Petroleum has signed an agreement with Tower Resources whereby Global will have a continuing option to participate in the Uganda project while having no current obligation to contribute to ongoing expenditure. Global has been granted the right to convert its investment in the pr

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25 Jun 2010 09:26

Global Petroleum Reaches Pact With Tower Resources For Uganda Project

LONDON (Dow Jones)--Global Petroleum Ltd (GBP.AU), an Australian based oil and gas company, said Friday it has reached agreement with Neptune Petroleum (Uganda) Ltd, a subsidiary of Tower Resources PLC (TRP.LN), whereby Global will have a continuing option to participate in the Uganda project whilst

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25 Jun 2010 07:17

Tower Resources Makes Deal With Global On Uganda Project

LONDON (Dow Jones)--Tower Resources PLC (TRP.LN), an independent oil and gas exploration company, said Friday it has reached agreement with Global Petroleum Ltd. (GBP.AU) whereby Global will have a continuing option to participate in the Uganda project whilst having no current obligation to contribu

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11 Jun 2010 10:28

Uganda's Bunyoro Kingdom Wants Oil Revenues To Address Imbalances

By Nicholas Bariyo Special to DOW JONES NEWSWIRES KAMPALA, Uganda (Dow Jones)--Uganda's Bunyoro Kitara Kingdom wants to be given legal rights to share oil revenues with the central government once production starts, to enable it address development bottlenecks that have caused historical imb

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10 Jun 2010 16:55

Uganda Oil Investments Hit $900M, To Pass New Oil Law -Fin Min

KAMPALA, Uganda (Dow Jones)--Investments in Uganda's oil sector have hit up to $900 million as extensive oil exploration activities in the sector since 2006 continue, Uganda's finance and planning minister said Thursday. In a budget speech, Syda Bumba said more investments are anticipated as the

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24 Feb 2010 09:44

Small caps round-up: Tower Resources, Global Petroleum, Norseman Gold

Shares in Global Petroleum and Tower Resources slumped after the companies reported that the Avivi-1 well in Uganda had reached its total depth without showing any oil. Avivi-1 is owned by Tower, while Global has an option to earn a 25% interest in the licence, by funding 25% of the costs. 'Electr

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15 Jun 2009 07:39

Tower Resources Iti-1 well abandoned

Oil explorer Tower Resources said it did not encounter any producible reservoir sands at the Iti-1 exploration well in Uganda Licence EA5. "Minor hydrocarbon shows were monitored during drilling but evidence of limited quantities of oil in the lowermost target horizon remained ambiguous in the subs

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11 Jun 2009 15:22

Tower says drilling outcome not determined yet

Oil and gas explorer Tower Resources said the outcome of its drilling operations in its first exploration well in Uganda Licence EA5 cannot be determined yet. The group was forced to make a statement after it shares slid by more than 30%. Global Petroleum, which earns up to 50% interest from the li

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