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Pin to quick picksTouchstone Exploration Share News (TXP)

Share Price Information for Touchstone Exploration (TXP)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 13.75
Bid: 13.50
Ask: 14.00
Change: 0.50 (3.77%)
Spread: 0.50 (3.704%)
Open: 13.25
High: 14.00
Low: 13.25
Prev. Close: 13.25
TXP Live PriceLast checked at -

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AIM WINNERS & LOSERS: Touchstone up on gas find, C4X on Sanofi deal

Mon, 12th Apr 2021 11:28

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

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AIM - WINNERS

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Touchstone Exploration Inc, up 17% at 107.00 pence, 12-month range 22.2p-178p. The oil and gas explorer says flowback testing of one of its wells in Trinidad & Tobago confirmed a liquids-rich natural gas discovery. President & Chief Executive Paul Baay notes that the test results "demonstrate the clear future production opportunities for the company."

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C4X Discovery PLC, up 12% at 44.85p, 12-month range 11.5p-54.5p. The drug development firm signs exclusive worldwide licensing agreement with Sanofi SA for C4XD's oral pre-clinical IL-17A inhibitor programme. C4XD will receive an upfront payment of EUR7 million and could receive up to a further EUR407 million in potential development, regulatory and commercialisation milestones, of which EUR11 million is in pre-clinical milestones, in addition to single-digit royalties. Sanofi shares were up 0.2% in Paris.

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Elixirr International PLC, up 11% at 479p, 12-month range 185p-480p. The London-based consultancy says it performed "exceptionally well" in 2020. Elixirr International says 2020 revenue rose by 24% to GBP30.3 million from GBP24.5 million and pretax profit was up to GBP5.8 million from GBP1.7 million. Says trading in first quarter has been strong with revenue increasing by more than 60%.

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AIM - LOSERS

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Concurrent Technologies PLC, down 8.9% at 95.70p, 12-month range 82p-126p. The embedded computer products manufacturer says some project delays could see revenue shifting to 2022. Pretax profit in 2020 fell 32% to GBP2.8 million from GBP4.1 million in 2019. Revenue, however, improved 8.8% to GBP21.1 million from GBP19.4 million. Looking ahead, Concurrent says it is taking a cautious approach to revenue growth in the coming year because of the continuing uncertainty caused by the Covid-19 outbreak and the delays seen to some programmes potentially moving revenue from 2021 to 2022.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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13 Aug 2024 10:57

SMALL-CAP WINNERS & LOSERS: Touchstone postpones Coho capital program

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.

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5 Aug 2024 11:53

Touchstone considering its bid for Trinity as competing offer emerges

(Sharecast News) - Touchstone Exploration updated the market on its all-share offer for Trinity Exploration & Production on Monday, after the announcement of a recommended offer by Lease Operators for Trinity.

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2 Aug 2024 11:02

Trinity Exploration switches to support takeover from Lease Operators

(Alliance News) - Trinity Exploration & Production PLC and Lease Operators Ltd on Friday said they have agreed to a takeover offer for Trinity from Lease Operators, as the Trinity board withdrew its recommendation for a rival bid from fellow AIM listing Touchstone Exploration Inc.

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2 Aug 2024 08:57

LONDON MARKET OPEN: Tepid US data and tech woe hit stocks

(Alliance News) - European equities traded lower on Friday morning, with poor US data and largely underwhelming tech earnings unnerving markets.

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2 Jul 2024 20:03

TRADING UPDATES: Creo extends contract; Belluscura raises funds

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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21 Jun 2024 13:03

Touchstone acquisition of Trinity clears a regulatory hurdle

(Sharecast News) - Trinity Exploration and Touchstone Exploration updated the market on Friday, on the regulatory conditions for the recommended all-share acquisition of Trinity by Touchstone.

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1 Jun 2024 13:58

DIRECTOR DEALINGS: Coca-Cola HBC, M&S and Elementis execs sell shares

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced this week and not separately reported by Alliance News:

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14 May 2024 19:41

TRADING UPDATES: Headlam warns of loss; EnSilica predicts revenue rise

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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1 May 2024 16:56

LONDON MARKET CLOSE: FTSE 100 down ahead of US interest rate decision

(Alliance News) - Stock prices in London closed mostly in the red on Wednesday, as investors eye the latest interest rate decision from the US Federal Reserve this evening.

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1 May 2024 10:20

Touchstone to snap up rival Trinity in £24m deal

(Sharecast News) - Shares in Trinity Exploration & Production soared on Wednesday, after it agreed to be taken over by rival Touchstone Exploration.

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1 May 2024 10:16

AIM WINNERS & LOSERS: Trinity up after agreeing to Touchstone takeover

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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1 May 2024 10:09

Trinity Exploration shares jump as agrees takeover by Touchstone

(Alliance News) - Touchstone Exploration Inc on Wednesday said it reached an agreement to buy Trinity Exploration & Production PLC.

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1 May 2024 08:57

LONDON MARKET OPEN: FTSE 100 shakes off New York slump before Fed

(Alliance News) - Stock prices in London opened mixed on Wednesday, with the FTSE 100 brushing off some pre-Federal Reserve decision trepidation to record an early rise, while the dollar climbed on the expectation that Jerome Powell will sound hawkish in his press conference later.

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22 Apr 2024 20:03

EARNINGS AND TRADING: Zenova's Kitemark award; Carnival's eyes savings

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Friday and Monday and not separately reported by Alliance News:

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10 Apr 2024 10:56

IN BRIEF: Touchstone hails successful results from Trinidad well drill

Touchstone Exploration Inc - Canadian-based oil and gas exploration company - Says the Cascadura-2 delineation well in Trinidad and Tobago was drilled to a total depth of 8,252 feet, with open hole logs and drilling data indicating a total sand thickness of approximately 900 feet in the targeted Herrera formation. Says that the Cascadura-3ST1 well has been cased, and production testing is scheduled to start in the third quarter of 2024 directly into the Cascadura natural gas facility. Chief Executive Officer Paul Baay said: "We are pleased with the successful results from the two delineation wells at Cascadura, with both wells demonstrating the quality and scale of the structure. In addition, the Cascadura-3ST1 well is the first to cross the C-fault to the east side of the structure, an area where reserves have not been previously assigned. The CO-374 development well is also noteworthy, as it has the highest net pay we have observed to date on our crude oil legacy blocks."

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