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Pin to quick picks88 Energy Share News (88E)

Share Price Information for 88 Energy (88E)

London Stock Exchange
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Share Price: 0.1025
Bid: 0.10
Ask: 0.105
Change: 0.005 (5.13%)
Spread: 0.005 (5.00%)
Open: 0.0975
High: 0.1025
Low: 0.0975
Prev. Close: 0.0975
88E Live PriceLast checked at -

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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
8 Jun 2016 13:43

Positive progress for 88 Energy at Icewine

(ShareCast News) - Exploration company 88 Energy issued an extensive update on its operations at Project Icewine on Wednesday, including its securing of additional acreage. The AIM-traded firm said processing has been completed for the official award of 172,937 acres successfully bid on in the State

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8 Jun 2016 09:34

88 Energy Says Progress Made On All Fronts For Alaskan Project Icewine

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6 May 2016 07:50

88 Energy Completes 2D Seismic Acquisition At Alaskan Project Icewine

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29 Apr 2016 13:50

CORRECT: 88 Energy Continues To Advance Design Of Second Icewine Well

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29 Apr 2016 11:04

88 Energy Continues To Advance Design Of Second Icewine Well

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22 Apr 2016 06:47

88 Energy Raises AUD25 Million In Oversubscribed Placing (ALLISS)

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20 Apr 2016 16:08

88 Energy confirms plans for capital raising

(ShareCast News) - 88 Energy confirmed on Wednesday that it was looking to raise between AUS$10m (£5.3m) - $10M (£8m) cash through a placing of new shares at 3.5 cents each. Earlier in the day it had said trading in its Australian securities had been suspended, but that trading on AIM would continue

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20 Apr 2016 14:30

UPDATE: 88 Energy Seeking To Obtain Subscriptions For Shares (ALLISS)

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20 Apr 2016 08:01

88 Energy Shares Halted In Australia Ahead Of Planned Fundraising (ALLISS)

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6 Apr 2016 15:38

88 Energy lifts estimates 293% at Icewine project

(ShareCast News) - AIM-traded 88 Energy reported a massive 293% increase in the recoverable resource estimates at Project Icewine on Wednesday, located at North Slope onshore Alaska. The AIM-traded company said its independent resource estimate for HRZ shale had been increased to 1.4bn barrels of oi

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6 Apr 2016 08:59

88 Energy Says Icewine Shale Resource Estimate Increased

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30 Mar 2016 09:22

88 Energy Says Permeability Of Icewine Samples Beats Expectations

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17 Mar 2016 08:45

88 Energy To Test Production Potential With Second Icewine Well

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2 Mar 2016 15:27

88 Energy Reports Narrower Loss Following Hefty Charges In 2014

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29 Feb 2016 10:41

WINNERS & LOSERS SUMMARY: Mixed Fortunes For Morrisons And Ocado

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