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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 offloads interests in disputed Western Sahara

(ShareCast News) - Africa-focused oil and gas exploration company Tower Resources announced the completion of the sale of its wholly owned subsidiary, Comet Petroleum, to privately held oil and gas exploration company Red Rio Petroleum on Tuesday. The AIM-traded firm said Red Rio is purchasing Comet

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3 Oct 2016 07:59

Tower Resources Launches Discounted Open Offer Following Placing (ALLISS)

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8 Sep 2016 08:37

Tower Resources raises £1m in placing

(ShareCast News) - Africa-focused oil and gas exploration company Tower Resources announced on Thursday that it has successfully placed 45,919,084 new ordinary shares, and raised gross proceeds totaling £1.03m at a placing price of 2.25p per share. The AIM-traded firm said that as part of the placin

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7 Mar 2016 12:16

Tower Resources Eyeing Acquisitions As It Reports Narrower Loss

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16 Feb 2016 09:42

Tower Resources pulls out of SAfrica deep water project

(ShareCast News) - AIM-listed Africa-focused oil and gas explorer Tower Resources said it had pulled out of the South West Basin joint venture it had entered with New African Global Energy to focus on "a more balanced portfolio of proven and emerging basins". Tower said New African would reimburse i

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16 Feb 2016 09:07

Tower Resources Shifts Focus In South Africa To Algoa-Gamtoos

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5 Feb 2016 09:47

Tower Resources Founder Peter Blakey To Retire In April 2016

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30 Sep 2015 13:19

Tower Resources Loss Narrows As Prepares Entry To Cameroon

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16 Sep 2015 16:07

Tower Resources signs Cameroon oil and gas exploration deal

(ShareCast News) - Tower Resources has signed a seven year offshore oil and gas exploration deal with the Cameroon government. Tower Resources chief executive Graeme Thomson said the deal on the Thali exploration block "marks a shift in our risk profile from frontier to proven basins and introduces

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16 Sep 2015 07:03

Tower Resources Enters Cameroon After Signing Thali Contract

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1 Sep 2015 09:04

Tower Resources Issues Shares To Cover Services Payments (ALLISS)

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15 Jul 2015 10:31

Tower Resources raises £5.2m in share placing to finance Cameroon acquisition

(ShareCast News) - Oil and gas explorer Tower Resources has raised £5.2m via a share placing to finance the acquisition of the Thali production sharing deal in Cameroon. The London-listed group said it has raised the funds via the issue of 2.74bn shares priced at 0.19p each. In a short statement re

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