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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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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
8 May 2019 13:49

Tower Resources flags slight delay to drilling on NJOM3

(Sharecast News) - Africa-focussed oil and gas company Tower Resources updated the market on operations on the Thali block in Cameroon on Wednesday, reiterating that it was in the final stages of planning the NJOM3 well, which would be drilled to a total depth of 1,100 metres.

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8 May 2019 10:58

Tower Resources Forced To Delay Cameroon Work After Further Data

LONDON (Alliance News) - Tower Resources PLC is to delay work at the Thali block in Cameroon after getting further data from two other wells, it said Wednesday.Tower had been planning to to

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3 May 2019 18:33

Tower Resources Assigns Half Of Bridging Loan To Joint Broker Clients

LONDON (Alliance News) - Tower Resources PLC on Friday said Pegasus Petroleum Ltd has agreed to assign 50% of a bridging loan to clients of its joint broker.Pegasus Petroleum is owned by to

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16 Apr 2019 12:54

Tower Resources Gets Bridging Loan While Seeking Cameroon Financing

LONDON (Alliance News) - Tower Resources PLC on Tuesday said it has agreed a USD750,000 bridging loan with a single lender as it works to secure funding for its Thali offshore oil project in in at

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8 Feb 2019 10:35

WINNERS & LOSERS SUMMARY: Earthport Up In Visa-Mastercard Bidding War

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - down 2.4%. Citigroup has reduced its rating -

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8 Feb 2019 08:51

Tower Resources Optimistic As Total Finds Gas Next Door

LONDON (Alliance News) - Tower Resources PLC on Friday noted the discovery by Total SA of "significant gas condensate" at the Brulpadda exploration well in South Africa.The well a

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24 Jan 2019 10:38

WINNERS & LOSERS SUMMARY: St James's Place Gains After Resilient 2018

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.----------FTSE 100 - WINNERS----------St up The

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24 Jan 2019 09:48

Tower Resources Raises GBP1.7 Million Via Share Placing (ALLISS)

LONDON (Alliance News) - Tower Resources PLC on Thursday raised GBP1.7 million via issue of 170.0 million shares at 1 pence each.Shares in the company were trading down 24% at 0.91p oil gas

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7 Dec 2018 14:22

Tower Resources Signs Contract For Thali Licence Drill Rig In Cameroon

LONDON (Alliance News) - Tower Resources PLC said Friday it has signed a contract for a jack-up rig needed to begin drill operations at its Thali licence, offshore Cameroon.The contract was

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7 Dec 2018 08:43

Tower Resources signs contract for jack-up rig in Cameroon

(Sharecast News) - Africa-focussed oil and gas company Tower Resources announced on Friday that its wholly-owned subsidiary, Tower Resources Cameroon, has signed a contract with Vantage Drilling International for the Topaz Driller jack-up rig to provide drilling operations for the NJOM-3 well.

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7 Nov 2018 12:13

Tower Resources Signs New Petroleum Agreement With Namibian Government

LONDON (Alliance News) - Tower Resources PLC said Wednesday that unit Tower Resources (Namibia) Ltd has signed a new petroleum deal with the government of Namibia.The agreement covers an in

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1 Nov 2018 09:18

Tower Resources moving forward after Thali reserves report

(Sharecast News) - Africa-focussed oil and gas company Tower Resources announced the results of an independent reserves report on Thursday, across its Thali licence, offshore Cameroon, in which it held a 100% licence interest.

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23 Oct 2018 12:55

David And Monique Newlands Build 5% Stake In Evgen Pharma (ALLISS)

LONDON (Alliance News) - Evgen Pharma PLC said Tuesday that David and Monique Newlands now own 5.06% stake in the company.The Newlands' holding before the transaction, if any, was not

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28 Sep 2018 13:59

Tower Resources Interim Loss Widens On Exploration Asset Impairment

LONDON (Alliance News) - Tower Resources PLC on Friday reported a significantly wider interim loss on increased impairments during the half.In the six months ended June, the oil and gas to

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21 Sep 2018 11:43

Tower Resources Unit Seeks Partner For Algoa-Gamtoos Licence

LONDON (Alliance News) - Tower Resources PLC said Friday that New Age Energy Algoa Ltd, the operator of the Algoa-Gamtoos licence in South Africa, is seeking a partner for a share of the licence a

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