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Pin to quick picksZanaga Iron Share News (ZIOC)

Share Price Information for Zanaga Iron (ZIOC)

London Stock Exchange
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Share Price: 7.69
Bid: 7.40
Ask: 7.98
Change: 0.09 (1.18%)
Spread: 0.58 (7.838%)
Open: 7.60
High: 0.00
Low: 0.00
Prev. Close: 7.60
ZIOC Live PriceLast checked at -

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AIM WINNERS & LOSERS: Pelatro swings to profit; NAHL lowers forecasts

Tue, 28th Sep 2021 11:30

(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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Zanaga Iron Ore Co Ltd, up 18% at 4.38 pence, 12-month range 3.71p-10.95p. The exploration and development company posts narrowed loss in the first half of 2021 while it continues development if its projects. Pretax loss narrows to USD733,000 in the six months to the end of June from USD780,000 posted a year prior, as administrative costs are reduced to USD380,000 from USD493,000 a year prior. Zanaga's iron ore project is located in the Republic of Congo. During the half year, the company completed an update to the cost estimates associated with stage one development.

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Pelatro PLC, up 11% at 41.00p, 12-month range 32.00p-63.00p. The marketing software specialist swings to profit in first half. Pelatro posts revenue for the six months ended June 30 of USD3.5 million, up 51% from USD2.3 million a year before, and a pretax profit of USD313,000, compared to a USD403,000 loss a year previously. Pelatro says it expects to win more new customers in the year and secure recurring revenue contracts that will lead to "attractive growth in 2022".

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Crimson Tide PLC, up 7.1% at 3.26p, 12-month range 2.70p-4.30p. The mobile software firm reports growing revenue and profit as it continues to develop its mpro5 business. In the six months that ended June 30, revenue rises 14% to GBP2.0 million from GBP1.8 million a year prior. Pretax profit jumps 11% year-on-year to GBP286,000 from GBP257,000. The Tunbridge Wells, Kent-based company says its mpro5 product performed well in the first half, proving the strength of its long-term subscription model.

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AIM - LOSERS

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NAHL Group PLC, down 20% at 45.06p, 12-month range 39.03p-62.00p. The insurance claims management company downgrades its forecasts for 2021, as personal injury enquiries are growing slower than expected. In results for the first half of 2021, NAHL posts revenue of GBP19.5 million, down 3.6% year-on-year from GBP20.2 million. But the firm swings to a pretax profit of GBP581,000, from a loss of GBP409,000. Says in the second half, personal injury enquiries have grown at a slower rate than expected. This will result in revenue and underlying operating profit being lower than previously expected, as well as lower than last year's figures, it says.

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Osirium Technologies PLC, down 20% at 20.06p, 12-month range 16.00p-34.00p. The cybersecurity services provider's shares fall despite posting a slightly narrowed loss in the first half of 2021. Revenue increases 4.8% year-on-year to GBP736,711 from GBP702,649. Pretax loss narrows to GBP1.6 million from GBP1.7 million. Trading momentum continues in the second half, with new customer wins and high customer retention levels, it adds.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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25 Jun 2014 12:02

Zanaga Iron Ore Pretax Loss Widens On Expenses, Investment Losses

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8 May 2014 11:56

Zanaga Iron Ore to develop Congo project in phases

AIM-listed Zanaga Iron Ore is considering developing a project in the Republic of Congo on a phased basis, leading to a fall in its shares. A feasibility study had confirmed the "attractive economics" of its Zanaga iron ore project, but on the basis of a staged development, the group said. Stage

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8 May 2014 11:07

Zanaga Iron Ore Plans Staged Mine Development After Feasibility Study

LONDON (Alliance News) - Zanaga Iron Ore Co Thursday said the feasibility study it conducted at the Zanaga Iron Ore Project had shown that a staged development process at the site would be better than a single-stage development, and it has now applied for a mining licence and environmental permit

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15 Apr 2014 08:56

Zanaga Iron Ore Nears Completion Of Feasibility Study

LONDON (Alliance News) - Zanaga Iron Ore Co Tuesday said the Feasibility Study on its Zanaga Iron Ore Project, located in the Republic of Congo, is currently in the final stages of completion. The iron-ore processing-and-transport infrastructure company said the results from its feasibility

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UK MORNING BRIEFING: Aggreko Leads After Mixed Results

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Sector movers: Industrial metal stocks gain after Putin comments

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30 Sep 2013 07:22

Zanaga Iron Ore Pretax Losses Almost Double On Admin Expenses

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13 Sep 2013 11:27

STOCKS NEWS EUROPE-UK small caps rise 0.7 pct, outstrip FTSE

UK small caps and junior-listed AIM shares rise 0.7 and 0.1 percent, respectively, outperforming the blue chips, which fall by 0.3 percent. Redhall slumps 17.9 percent, the top AIM-listed faller, after the engineering firm gives a disappointing trading update, with results now expected to m

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13 Sep 2013 07:56

Glencore cuts initial spend on Zanaga, eyes funding options

LONDON, Sept 13 (Reuters) - Glencore Xstrata and junior partner Zanaga Iron Ore Company (ZIOC) have cut back planned spending on the early stages of the co-owned Zanaga project and announced on Friday a joint search for funding. News of a revised project design - which will mean lower expen

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13 Sep 2013 07:02

Glencore, Zanaga Iron Ore Change Terms On Joint Venture

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Minor miners face major headache from iron ore giants

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Thursday broker round-up UPDATE

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