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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
Get Live Data
Share Price: 13.75
Bid: 13.00
Ask: 13.50
Change: -0.05 (-0.38%)
Spread: 0.50 (3.846%)
Open: 13.25
High: 13.25
Low: 13.25
Prev. Close: 13.30
TXP Live PriceLast checked at -

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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.

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AIM - WINNERS

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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.

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AIM - LOSERS

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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.

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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.

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By Elizabeth Winter, Alliance News senior markets reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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12 Apr 2021 11:28

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

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12 Apr 2021 10:52

Touchstone Exploration shares up 17% after natural gas discovery

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6 Apr 2021 13:27

Tuesday broker round-up

(Sharecast News) - Touchstone Exploration: Canaccord downgrades to speculative buy with a target price of 140p.

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6 Apr 2021 10:13

Canaccord Genuity lowers Touchstone Exploration to 'speculative buy' following Chinook well test

(Sharecast News) - Analysts at Canaccord Genuity lowered their rating on petroleum and natural gas investor Touchstone Exploration from 'buy' to 'speculative buy' on Tuesday, stating its Chinook well test had raised the group's risk profile.

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31 Mar 2021 11:33

IN BRIEF: Touchstone Exploration drops 33% on Chinook-1 well test

IN BRIEF: Touchstone Exploration drops 33% on Chinook-1 well test

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31 Mar 2021 10:30

AIM WINNERS & LOSERS: Touchstone shares tumble on Chinook-1 results

AIM WINNERS & LOSERS: Touchstone shares tumble on Chinook-1 results

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26 Mar 2021 13:36

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5 Mar 2021 12:00

TRADING UPDATES: Drum Income to launch review; RBG's Convex grows fees

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30 Dec 2020 21:11

IN BRIEF: Touchstone Exploration, Heritage Extend Terms During Talks

IN BRIEF: Touchstone Exploration, Heritage Extend Terms During Talks

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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

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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

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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.

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3 Dec 2020 10:58

Touchstone Exploration's Ortoire Block Continues To Outdo Expectations

Touchstone Exploration's Ortoire Block Continues To Outdo Expectations

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13 Nov 2020 12:16

Touchstone Exploration Narrows Quarterly Loss Despite Oil Price Hit

Touchstone Exploration Narrows Quarterly Loss Despite Oil Price Hit

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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.

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