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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: 0.0215
Bid: 0.021
Ask: 0.022
Change: -0.0015 (-6.52%)
Spread: 0.001 (4.762%)
Open: 0.023
High: 0.023
Low: 0.021
Prev. Close: 0.023
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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.

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Tower Resources shares rise on updated Thali reserves report

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Tower Resources Backs Thali Asset In Cameroon Despite Oil Price Slip

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2 Mar 2020 15:58

Tower Resources agrees Thali farm-out with OilLR

(Sharecast News) - Africa-focussed oil and gas company Tower Resources has executed binding heads of terms over a farm-out to OilLR of a 24.5% working interest in its Thali production sharing contract in Cameroon, it announced on Monday.

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Tower Resources Signs Thali Farm-In Agreement With OilLR

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Tower Resources planning next steps at Thali

(Sharecast News) - Africa-focussed oil and gas company Tower Resources updated the market on the Thali licence in Cameroon on Wednesday, reporting that it was presently preparing plans for drilling for NJOM-3 well, now that the site survey was complete.

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Tower Resources Optimistic After Friday's NJOM-3 Well Site Survey

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