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Pin to quick picksVast Res Share News (VAST)

Share Price Information for Vast Res (VAST)

London Stock Exchange
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Share Price: 0.24
Bid: 0.23
Ask: 0.25
Change: -0.015 (-5.88%)
Spread: 0.02 (8.696%)
Open: 0.255
High: 0.255
Low: 0.24
Prev. Close: 0.255
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AIM WINNERS & LOSERS: Abingdon Health warns results to miss forecasts

Tue, 27th Apr 2021 10:30

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

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AIM - WINNERS

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Vast Resources PLC, up 31% at 0.10 pence, 12-month range 0.07p-0.29p. Says decline project to Level 19 is progressing on schedule and has started mining fresh higher grade ore at its Baita Plai polymetallic mine in Romania. "I am delighted with the operational progress that we have made in recent weeks and we remain well capitalised to achieve our development plan at Baita Plai without needing to come back to the market for the foreseeable future," says Chief Executive Andrew Prelea.

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Argos Resources Ltd, up 13% at 3.40p, 12-month range 1.39p-3.79p. The Falkland Islands-based exploration company says the Falkland Islands government has extended the second term of its PL001 licence by twelve months, to May 2022. Firm has a commitment to drill one exploration well within the licence area by the end of the second term of the licence.

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88 Energy Ltd, up 11% at 1.34p, 12-month range 0.23p-4.7p. Says testing commenced on sidewall cores, cuttings, mud gas and fluid samples from Merlin-1, North Slope of Alaska. Results expected over next 2 to 10 weeks. Initial mapping of additional prospective zones encountered in Merlin-1 encouraging, it says.

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Jet2 PLC, up 3.9% at 1,471.37p, 12-month range 429.8p-1,524p. The airline and package holiday operator guides to full-year loss, but says vaccine rollout "encouraging". Expects to report a loss before foreign exchange revaluation and tax from continuing operations for the financial year ended March 31 between GBP375 million and GBP385 million, swinging from profit of GBP264.2 million the year before. The UK's vaccine rollout and increasing momentum in Europe are both encouraging for the financial year ahead, Jet2 says, though highlights uncertainty over the UK government's proposed Covid-19 travel restrictions. "We continue to be encouraged by the volume of customer bookings for both Winter 21/22 and for Summer 22, for which package holiday bookings are displaying a materially higher mix of the total," it says.

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AIM - LOSERS

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Abingdon Health PLC, down 30% at 56.35p, 12-month range 41.5p-136.65p. Hits this 12-month low earlier on Tuesday. The rapid tests manufacturer says results for financial year ending June 30 to be "substantially" below market expectations. It continues to make progress on commercialising the AbC-19 rapid test both in the UK private sector and internationally, and is encouraged by ongoing commercial discussions while progressing required regulatory approvals. "Whilst each of the opportunities at the time of the interims remains in place and the pipeline continues to grow, the speed of adoption and therefore the receipt of orders is taking longer than the board originally anticipated," it warns.

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Scotgold Resources Ltd, down 21% at 55.75p, 12-month range 46p-170p. Hits this 12-month low earlier on Tuesday. The gold exploration company concludes that ramp up of underground mining at production at Cononish will be slower than originally planned. Expects production for calendar year 2021 to be materially less than the guidance range communicated in March. "The recent delays to the production ramp-up have had and are expected to have a negative impact on the company's cash position," it says, adding it is looking into financing options, including short-term debt financing from the directors.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
13 Feb 2019 16:05

Vast Resources Raises GBP896,000 Via Share Placing, Subscription (ALLISS)

LONDON (Alliance News) - Vast Resources PLC said Wednesday that it has raised in GBP896,000 in gross proceeds via placing and subscription of 663.7 million shares at 0.135 pence per in the company

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8 Feb 2019 09:55

Vast Resources Appoints Paul Fletcher As Chief Financial Officer

LONDON (Alliance News) - Mining firm Vast Resources PLC on Friday said it has appointed Paul Fletcher as chief financial officer with immediate effect.He will replacing Carl Kindinger, who

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8 Feb 2019 08:48

Vast Resources appoints Paul Fletcher as new CFO

(Sharecast News) - Mining outfit Vast Resources appointed former Bunge executive Paul Fletcher as chief financial officer on Friday, with immediate effect.

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22 Jan 2019 14:43

Vast Resources Secures Further Assay Results From Blueberry Project

LONDON (Alliance News) - Vast Resources PLC on Tuesday reported further assay results from the exploration programme undertaken at the Blueberry Project in western Romania.Vast Resources in

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21 Jan 2019 11:21

Vast Resources In Advanced Talks To Secure Replacement Finance

LONDON (Alliance News) - Vast Resources PLC on Monday said it is advanced talks with other off-take partners to replace financing agreed with Mercuria Energy Trading SA, which last week backed out

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21 Jan 2019 08:29

Vast Resources looking for new offtake prepayment finance

(Sharecast News) - Romania and Zimbabwe-focussed mining company Vast Resources updated the market on the situation regarding Mercuria Energy on Monday.

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24 Dec 2018 09:55

Vast Resources narrows losses on improved gold production

(Sharecast News) - Vast Resources narrowed losses in the first half of its trading year on the back of a sharp rise in gold production despite declining production levels of other metals.

Read more
20 Dec 2018 14:47

Vast Resources enters into $3m bridge facility

(Sharecast News) - Romania and Zimbabwe-focussed mining company Vast Resources has entered into a $3m bridge facility with the Bergen Global Opportunity Fund, it announced on Thursday.

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30 Nov 2018 11:03

WINNERS & LOSERS SUMMARY: Mobile Streams Price Doubles On Indian Deal

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - LOSERS----------Taylor down

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30 Nov 2018 10:59

Vast Resources sees mixed production results, focuses on stripping

(Sharecast News) - Romania and Zimbabwe-focussed mining company Vast Resources updated the market on its operations and production for the three months ended 30 September on Friday, reporting a "solid" third quarter for the Pickstone-Peerless gold mine in Zimbabwe.

Read more
30 Nov 2018 09:08

Vast Resources Suffers Production Decline In Both Zimbabwe And Romania

LONDON (Alliance News) - Vast Resources PLC on Friday said it saw a decrease in production from its Pickstone-Peerless gold mine in Zimbabwe and the Manaila polymetallic mine in Romania, due to of

Read more
19 Nov 2018 12:52

Botswana Diamonds Annual Loss Widens On Challenges At Sunland Minerals

LONDON (Alliance News) - Botswana Diamonds PLC on Monday said its loss widened in its most recently ended financial year due to challenges in its namesake country.The stock was down 5.5% on

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19 Nov 2018 10:37

Vast Resources begins exploration drilling at Zagra

(Sharecast News) - Romania and Zimbabwe-focussed mining company Vast Resources announced on Monday that surface exploration drilling has begun at the Magura Neagra and Piciorul Zimbrului prospecting licenses, collectively known as Zagra, in northern Romania.

Read more
5 Nov 2018 06:56

Miner Vast Resources Raises GBP1 Million Through Share Placing (ALLISS)

LONDON (Alliance News) - AIM-listed mining company Vast Resources PLC on Friday said it raised GBP1.0 million before costs via a share placing.The company issued 188.7 million shares at a a

Read more
18 Oct 2018 12:55

Vast Resources Raises GBP500,000 In Share Issue (ALLISS)

LONDON (Alliance News) - Vast Resources PLC said Thursday it raised GBP525,086 through a share placing and subscription.The miner, which operates mines in Romania and Zimbabwe, issued 87.5

Read more

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