The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

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
Get Live Data
Share Price: 38.75
Bid: 38.50
Ask: 39.00
Change: 0.30 (0.78%)
Spread: 0.50 (1.299%)
Open: 38.50
High: 38.80
Low: 38.80
Prev. Close: 38.50
TXP Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

AIM WINNERS & LOSERS: Malvern eyes return to interim profit

Thu, 24th Aug 2023 10:44

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

----------

AIM - WINNERS

----------

Malvern International PLC, up 17% at 21 pence, 12-month range 7p-21.5p. The London-based learning and skills development company reports an upbeat trading update, as revenue in the first half rises to GBP4.8 million from GBP2.3 million a year prior. Attributes the rise to "strong" university pathways student intakes in September last year and this January, as well as a 40% rise in English language teaching revenue. Further, expects to return to profit for the period, after a pretax loss of GBP676,000 the year before. "The increase is the result of the expansion of the international sales team, improved processes to manage and convert the student recruitment pipeline, and significant recruitment travel to key feeder markets including joint marketing trips to India and Nepal with the University of East London," Malvern says.

----------

AIM - LOSERS

----------

Touchstone Exploration Inc, down 11% at 67.74p, 12-month range 51p-105p. The Calgary, Canada-based oil and gas company focused on Trinidad & Tobago completes its programme of five production test intervals at its Royston-1X well, but the well is shut in while it waits for the arrival of a service rig which will be used to put the well on pump to enable further testing. "We expect that once the well is pumping, the hydrostatic pressure on the reservoir will be reduced, allowing the formation fluid to produce at increased rates," the company says.

----------

Benchmark Holdings PLC, down 6.7% at 37.81p, 12-month range 33p-46.91p. The West Sussex, England-based aquaculture biotechnology company updates on its third quarter ended June 30. Revenue drops to GBP34.2 million from GBP36.3 million a year before, as pretax loss narrows to GBP4.7 million from GBP11.2 million. Says growth in Genetics was offset by weakness in Advanced Nutrition, which it attributes to a weak appetite for shrimp amid adverse market conditions. Also notes anticipated low seasons for Health solutions in Salmon industry. "Despite these headwinds we have delivered strong year-to-date results, with double-digit growth in revenues and earnings compared to the prior year," says CEO Trond Williksen.

----------

By Elizabeth Winter, Alliance News senior markets reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
22 Dec 2020 12:40

IN BRIEF: Touchstone Exploration Adds Former BG Group Exec To Board

IN BRIEF: Touchstone Exploration Adds Former BG Group Exec To Board

Read more
18 Dec 2020 20:39

IN BRIEF: Touchstone Exploration Seals Gas Sales Agreement For Ortoire

IN BRIEF: Touchstone Exploration Seals Gas Sales Agreement For Ortoire

Read more
18 Dec 2020 15:40

Touchstone subsidiary strikes sales deal with Trinidad National Gas Company

(Sharecast News) - Touchstone Exploration announced on Friday that its indirect wholly-owned subsidiary Primera Oil and Gas has executed a long-term natural gas sales agreement with the National Gas Company of Trinidad and Tobago (NGC) for all future natural gas production from the Ortoire block.

Read more
3 Dec 2020 10:58

Touchstone Exploration's Ortoire Block Continues To Outdo Expectations

Touchstone Exploration's Ortoire Block Continues To Outdo Expectations

Read more
13 Nov 2020 12:16

Touchstone Exploration Narrows Quarterly Loss Despite Oil Price Hit

Touchstone Exploration Narrows Quarterly Loss Despite Oil Price Hit

Read more
13 Nov 2020 11:06

Touchstone narrows losses, prioritises Ortoire project

(Sharecast News) - Petroleum and natural gas investor Touchstone Exploration said on Friday that third-quarter losses had narrowed as the group began to prioritise investment on its Ortoire project in Trinidad and Tobago after seeing it top expectations.

Read more
3 Nov 2020 08:57

Touchstone raises £23.1m for Ortoire exploration

(Sharecast News) - Touchstone Exploration has placed 24,291,866 new shares with investors in the UK and Canada at 95p each, it announced on Tuesday, raising gross proceeds of £23.1m, to continue exploration activities at Ortoire.

Read more
2 Nov 2020 20:15

UK TRADING UPDATE SUMMARY: ZAIM Credit Pleased With Online Progress

UK TRADING UPDATE SUMMARY: ZAIM Credit Pleased With Online Progress

Read more
29 Oct 2020 15:03

UK TRADING UPDATE SUMMARY: OTAQ And Biome Tech Expect Earnings Growth

UK TRADING UPDATE SUMMARY: OTAQ And Biome Tech Expect Earnings Growth

Read more
14 Oct 2020 11:32

Touchstone upbeat after completing Chinook-1 well

(Sharecast News) - Touchstone Exploration has completed drilling the Chinook-1 exploration well on the Ortoire exploration block, onshore Trinidad and Tobago, it announced on Wednesday, where it has an 80% working interest as the operator, with Heritage Petroleum Company holding a 20% working interest.

Read more
14 Oct 2020 11:11

Touchstone Shares Surge On "Significant" Chinook Natural Gas Discovery

Touchstone Shares Surge On "Significant" Chinook Natural Gas Discovery

Read more
14 Aug 2020 10:47

Touchstone Swings To Loss And Cautions On Commodity Prices

Touchstone Swings To Loss And Cautions On Commodity Prices

Read more
21 Jul 2020 12:58

Tuesday broker round-up

(Sharecast News) - Premier Oil: Peel Hunt upgrades to buy with a target price of 50.0p.

Read more
20 Jul 2020 15:20

Touchstone Lauds Cascadura Project's "Tremendous Potential"

Touchstone Lauds Cascadura Project's "Tremendous Potential"

Read more
29 Jun 2020 13:45

Monday broker round-up

(Sharecast News) - Balfour Beatty: Jefferies downgrades to hold with a target price of 260.0p.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.