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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
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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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15 Jan 2020 10:30

Tower Resources Gets Thali Permit Extension As NJOM-3 Drilling Nears

Tower Resources Gets Thali Permit Extension As NJOM-3 Drilling Nears

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15 Jan 2020 09:18

Tower Resources gets extension on exploration at Thali

(Sharecast News) - Africa-focussed oil and gas company Tower Resources updated the market on its work on the Thali licence in Cameroon, conducted through its wholly-owned subsidiary Tower Resources Cameroon, on Wednesday.

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1 Nov 2019 14:24

Tower Resources To Conduct Site Survey At Thali License In Cameroon

Tower Resources To Conduct Site Survey At Thali License In Cameroon

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1 Nov 2019 11:55

Tower Resources signs deal to conduct Thali site survey

(Sharecast News) - Africa-focussed oil and gas company Tower Resources updated the market on its operations on the Thali block in Cameroon on Friday, reporting that along with its subsidiary Tower Resources Cameroon, it has signed a contract with Geoquip Marine Operations to conduct a site survey at the intended NJOM-3 well location on the license.

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15 Oct 2019 11:45

Tower Resources Raises GBP1.5 Million; Restructures Loan Facility

Tower Resources Raises GBP1.5 Million; Restructures Loan Facility

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3 Oct 2019 10:42

Tower Resources in talks with oil major over Namibia blocks

(Sharecast News) - Africa-focussed oil and gas company Tower Resources updated the market on the latest activity on blocks 1910A, 1911 and 1912B in Namibia on Thursday.

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3 Oct 2019 10:02

Tower Resources Negotiates Potential Collaboration In Namibia

Tower Resources Negotiates Potential Collaboration In Namibia

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1 Oct 2019 15:11

Tower Resources seeking to extend bridging loan facility

(Sharecast News) - Africa-focussed oil and gas company Tower Resources updated the market on its bridging loan facility of $0.75m on Tuesday, which it had first announced on 16 April.

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11 Sep 2019 12:01

Tower Resources Requires More Funding After Continued Cameroon Delays

(Alliance News) - Tower Resources PLC on Wednesday said it is "quite frustrated" with continued delays to work beginning at a well in Cameroon, which mean it will require new were 24% on

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28 Aug 2019 14:19

Tower Resources Signs Letter Of Intent To Change NJOM-3 Well Rig

(Alliance News) - Tower Resources PLC on Wednesday said it has signed a letter of intent to use the COSL Seeker rig to drill the NJOM-3 well at Thali.Shares in Tower Resources were up 5.5%

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30 Jul 2019 11:48

Tower Resources Agrees Extension To USD750,000 Bridging Loan Facility

(Alliance News) - Oil & gas firm Tower Resources PLC said Tuesday it has been granted an extension to its USD750,000 bridging loan facility to the end of August.The facility is being by

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9 Jul 2019 11:27

Tower Resources Allowed Appeal In VAT Dispute With HMRC

(Alliance News) - Tower Resources PLC has been granted permission to appeal a 2016 value-added tax assessment by Her Majesty's Revenue & Customs, the oil exploration company said company a

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21 Jun 2019 10:21

Tower Resources Continues Thali Well Funding Talks, Raises GBP150,000

(Alliance News) - Tower Resources PLC said Friday it is currently in discussions with several parties for the financing and drilling of the NJOM-3 well on its Thali license, offshore addition, the

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21 Jun 2019 09:35

Tower Resources looking at financing options for Thali drilling

(Sharecast News) - Africa-focussed oil and gas company Tower Resources updated the market on the financing of its Cameroon operation, and announced its intention to raise gross proceeds of around £0.15m through a subscription of approximately 15 million new ordinary shares at a price of 1p each on Friday.

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4 Jun 2019 10:10

Tower Resources Shares Fall As Annual Loss More Than Doubles

LONDON (Alliance News) - Tower Resources PLC on Tuesday reported a significant increase to its annual loss on almost USD3 million in impairment charges.Tower shares were trading down 14% at

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