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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%)
Spread: 0.005 (5.00%)
Open: 0.1025
High: 0.1025
Low: 0.1025
Prev. Close: 0.1025
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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.

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88 Energy acquires 73pc interest in producing Texas assets

(Sharecast News) - 88 Energy announced the execution of a binding agreement for the acquisition of a 73% average net working interest in established conventional oil and gas production assets in the proven Permian Basin, onshore Texas on Monday.

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14 Feb 2022 14:52

IN BRIEF: 88 Energy raises AUD32 million for Merlin-2 well

88 Energy Ltd - Australia-based oil explorer in US state of Alaska - Raises AUD32 million gross proceeds, about GBP16.8 million, in oversubscribed share placement of 914.3 million shares at AUD0.035 per share. Price was 10% discount to volume weighted average price on ASX for the 30 days to February 9. The new shares will constitute around 5.8% of the enlarged issued share capital of 15.73 billion shares.

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10 Feb 2022 16:01

IN BRIEF: 88 Energy launches GBP16 million raise as drilling approved

IN BRIEF: 88 Energy launches GBP16 million raise as drilling approved

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10 Feb 2022 11:26

AIM WINNERS & LOSERS: Crimson Tide in green after contract win

AIM WINNERS & LOSERS: Crimson Tide in green after contract win

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21 Jan 2022 10:07

IN BRIEF: 88 Energy falls as it begins trading on OTCQB market in US

IN BRIEF: 88 Energy falls as it begins trading on OTCQB market in US

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21 Jan 2022 09:58

AIM WINNERS & LOSERS: Everyman to top forecasts; Angus rise continues

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17 Jan 2022 17:04

TRADING UPDATES: CentralNic and Pebble tip 2021 earnings rise

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6 Dec 2021 21:21

TRADING UPDATES: Orcadian to look at electrification of oil platforms

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24 Nov 2021 21:20

IN BRIEF: 88 Energy picks spot for Merlin-2 well in project Peregrine

IN BRIEF: 88 Energy picks spot for Merlin-2 well in project Peregrine

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TRADING UPDATES: Strix launches new products; Sylvania profit down

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IN BRIEF: 88 Energy plans Merlin-2 appraisal; in strong cash position

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