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Pin to quick picks88 Energy Share News (88E)

Share Price Information for 88 Energy (88E)

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Share Price: 0.1025
Bid: 0.10
Ask: 0.105
Change: 0.00 (0.00%)
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LONDON AIM WINNERS & LOSERS: Journeo Shares Rally On Purchase Orders

Fri, 22nd Jan 2021 10:30

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

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AIM - WINNERS

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Journeo, up 30% at 65.00 pence, 12-month range 43.4p-74.82p. The transport technical services firm said it has received purchase orders worth GBP1.3 million for the supply of its advanced public transport information systems from a Northern Transport Partnership.

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VR Education Holdings, up 10% at 13.25p, 12-month range 4p-25.8p. The virtual reality education and enterprise training firm said 2020 revenue is expected to be EUR1.4 million, up 38% on 2019. VR Education added that it has closed during 2020 in excess of EUR1.8 million in new business, which should be recognised over the next 36 months.

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AIM - LOSERS

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88 Energy, down 23% at 0.46p, 12-month range 0.2p-1.43p. The oil producer said that, in relation to its operations in Alaska, it is seeking clarification on a recently announced 60-day suspension of authority to issue new drilling permits on federal land by the US Department of the Interior. 88 Energy said it is in close communication with the Bureau of Land Management, which has indicated it will continue to process the company's permit to drill in anticipation of receiving a signature on or before February 12. "There is cause for optimism due to the advanced nature of the existing operations (which is one of the carve outs for the suspension)," noted 88.

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China Nonferrous Gold, down 11% at 8.9p, 12-month range 7p-17.41p. The Takijistan-focused gold miner said it has signed a new agreement with China CITIC Bank Corp for a loan facility of up to CNY300 million, around USD46.4 million. China Nonferrous expects to draw down USD20 million of the loan, which will go towards the replacement of the CCB Macau loan of USD20 million which is due in January.

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Zytronic, down 10% at 134.50p, 12-month range 70p-243.95p. The manufacturer and developer of touch technology products said it was difficult to foresee a return to profitability in its current financial year to the end of September, due to constraints caused by the Covid-19 pandemic. Zytronic's reorganisation and cost-reduction measures have allowed it to keep positive earnings before interest, tax, depreciation and amortisation, as well as a rise in orders for the year to date; however, with the pandemic constraints affecting the group's major overseas markets such as Gaming, a recovery to historic levels will depend on how quickly there is an effective vaccination programme.

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Jet2, down 8.6% at 1,359.39p, 12-month range 182.5p-1,950p. The leisure travel firm was lower in a negative read-across after airline International Consolidated Airlines was cut to Reduce from Hold by Kepler Cheuvreux. FTSE 100-listed IAG was London's worst blue-chip performer on Friday, down 4.4%.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
2 Jul 2018 11:57

88 Energy Suspends Operations At Alaskan Icewine#2 Well

LONDON (Alliance News) - Shares fell in 88 Energy Ltd on Monday as the company said it has suspended the Icewine#2 well, onshore Alaska.Shares in 88 Energy dropped 22% to 0.991 pence on for

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18 Jun 2018 11:19

88 Energy Progressing On Icewine Clean Up As Starts Lifting Nitrogen

LONDON (Alliance News) - 88 Energy Ltd on Monday said it commenced nitrogen lifting at Icewine No 2 borehole in Alaska.The exploration & production company said the well is still in a

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13 Jun 2018 12:35

88 Energy Begins Flowback At Project Icewine In Alaska

LONDON (Alliance News) - 88 Energy Ltd said Wednesday flowback has commenced at its Icewine No 2 borehole in Alaska.88 Energy said "based on the pressures and flow rates" it does

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29 May 2018 11:55

88 Energy To Start Flow Testing Second Icewine Well In June

LONDON (Alliance News) - 88 Energy Ltd said on Tuesday it has scheduled the flowback of the Icewine No. 2 oil well, onshore Alaska, for June 11.Site works have been completed at the Bluffs

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21 May 2018 13:35

88 Energy Says Icewine#2 Production Testing Set To Restart In June

LONDON (Alliance News) - 88 Energy Ltd said Monday site works at the Icewine#2 project in Alaska have commenced to clear ice and snow and final preparations for mobilisation of test equipment were

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1 May 2018 13:32

88 Energy Raises AUD17 Million Through Oversubscribed Placing (ALLISS)

LONDON (Alliance News) - Oil and gas exploration firm 88 Energy Ltd said Tuesday it raised AUD17 million through a "significantly oversubscribed" placing.88 Energy has placed at -

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30 Apr 2018 12:30

88 Energy To Raise AUD17 Million Via Discounted Share Placing (ALLISS)

LONDON (Alliance News) - 88 Energy Ltd on Monday announced an equity fundraise, as it progressed on Icewine project in Alaska and Yukon gold project in Canada.The oil & gas explorer to

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26 Mar 2018 17:20

88 Energy Completes Loan Refinance With Bank Of America

LONDON (Alliance News) - 88 Energy Ltd completed a loan refinance with Bank of America in respect to the oustanding balance of USD16.5m, on terms similar to the

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16 Feb 2017 08:09

88 Energy to move Arctic Fox rig in April

(ShareCast News) - Oil and gas explorer 88 Energy said that Doyon Drilling's Arctic Fox rig is to move to the Icewine 2 appraisal well in April after the completion of drilling on a nearby acreage. The AIM-listed company said that the rig on the onshore Icewine project in the north slope of Alaska i

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13 Jan 2017 10:56

88 Energy completes conventional prospectivity review at Icewine

(ShareCast News) - 88 Energy updated the market on Project Icewine, located onshore North Slope of Alaska, on Friday, having completed the conventional prospectivity review over the project. The AIM-traded firm said additional resource potential had been identified for conventional leads across the

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15 Dec 2016 09:28

88 Energy Increases Land Holding Around Icewine With Partner Burgundy

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15 Dec 2016 09:19

Success for 88 Energy in Alaskan acreage bidding round

(ShareCast News) - 88 Energy updated the market on Tuesday in relation to Project Icewine, in which it has a 77.5% working interest as operator, located on the Central North Slope of Alaska. The AIM-traded company confirmed its wholly-owned subsidiary Accumulate Energy Alaska and its joint venture p

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25 Oct 2016 11:24

88 Energy raises AUD 11m from institutional investors

(ShareCast News) - 88 Energy announced on Tuesday that it has reached agreement regarding a placement to raise gross proceeds of AUD 11m, to two US-based institutional investors. The AIM-traded firm said the net proceeds will be used to strengthen the Company's balance sheet ahead of the upcoming dr

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25 Oct 2016 07:11

Two New US Institutional Investors Inject AUD11 Million Into 88 Energy (ALLISS)

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5 Sep 2016 09:22

88 Energy to drill vertically rather than laterally at Alaskan well

(ShareCast News) - Australian oil and gas company 88 Energy has revised the design for its Alaskan Icewine-2 well and now intends to drill vertically, rather than laterally, to reduce costs and risks. AIM-listed 88 Energy, along with its joint-venture partner Burgundy Xplorartion, found that a verti

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