Weekly Stock Market News - Issue #231

One person was killed in a fire at the Sinopec Petrochemical Co plant in Shanghai on Saturday. The accident will not affect the market, according to the company. In aRead More…

Hertzbleed is a new attack that could be used by hackers to steal information from computer chips. This has caught the attention of security researchers and technology news websites. ThisRead More…

After bitter rows over pay, conditions and jobs, union leaders confirmed that the next week’s Tube and rail strikes would go ahead. Rail, Maritime and Transport union, (RMT), stated thatRead More…

Russian hostilities in Ukraine have prevented grain from leaving the “breadbasket” of the world and made food more expensive around the globe. This has led to increased hunger, shortages andRead More…

A “colossal luggage carpet” was spotted at the UK’s busiest airport terminal. Staff are trying to solve an “ongoing problem with the baggage system”. Sky News security and defence editorRead More…

Bitcoin fell below $20,000 for the first time since December 2020, a sign of increasing stress in the crypto industry against a background of tightening monetary policy. Bitcoin dropped asRead More…

Companies rush to seize the opportunity of crypto winter to recruit bankers. The video of the Winklevoss twins, a billionaire, singing “Don’t Stop Believing” shortly before they fired 10% ofRead More…

A pipeline ruptured near the production units, causing the fire to erupt. The accident occurred at night, and emergency personnel arrived on the scene early in the morning of 16 June,Read More…

U.S. energy companies added oil and natural gas drilling rigs this week as crude production returns to pre-pandemic levels. President Joe Biden also criticized oil producers for making huge profitsRead More…

Two government sources on Friday said that Italy could declare the state-of-alert on gas next week if Russia continues its reduction of gas supplies to Rome. The existing Italian gasRead More…

BlueRock Diamonds PLC, the AIM listed diamond producer, announces a corporate update in respect of the funding of its operations at its Kareevlei Diamond Mine (‘Kareevlei’) in the Kimberley regionRead More…

Friday’s European Union blessing was given to Ukraine by the bloc to be an official candidate for membership. This is a historic shift in Europe’s eastward outlook that has beenRead More…

Harland & Wolff Group Holdings plc (AIM: HARL), the UK quoted company focused on strategic infrastructure projects and physical asset lifecycle management, provides an update on labour relations at HarlandRead More…

Proposed fundraising to raise up to approximately US$1.8 million Dublin and London – 17 June 2022 – Providence Resources P.l.c. (PVR LON, PRP ID), the Irish based energy company (“Providence”Read More…

London, UK – ValiRx Plc (AIM: VAL), a life science company focusing on early-stage cancer therapeutics and women’s health, is today providing an update on its proposed sub-license agreement withRead More…

Further to its announcement on 28 March 2022, FireAngel (AIM: FA.), a leading developer and supplier of home safety products. Is pleased to announce that it has successfully delivered theRead More…

Given the way that in current market conditions even the most positive RNS stories struggle to make a positive share price impact, it may be worth noting yesterday’s news fromRead More…

Ragged Range Project, WA Electromagnetic Conductor identified beneath Nickel Gossan The directors of Thor Mining Plc (“Thor”) (AIM, ASX: THR, OTCQB: THORF) are pleased to announce that the recently completedRead More…

Patersons Range, Western Australia Wishbone Gold Plc (AIM: WSBN, AQSE: WSBN), is pleased to announce drilling is underway (Photo 1) at the Company’s Red Setter Gold-Copper Project in the PatersonsRead More…

Zak Mir takes a charting look at some of the most followed small caps on the London stock market. Today’s selection of charts is FTSE 100, Bitcoin, Esken, Lexington, Metals,Read More…

Significant Zinc Target Discovered during Stonepark Drilling Arkle Resources plc (AIM: ARK) is pleased to provide an update on drilling progress at its Stonepark licence block. Stonepark with an inferredRead More…

The Ethereum mining community is diverse, both geographically and demographically. A 28-year-old translator from Ukraine runs computing hardware on his balcony to make cryptocurrency. He can then buy clothing andRead More…

In response to market rumours, Valereum, the Gibraltar-based technology group, announces that it is formulating plans to launch a new global marketplace platform for Non-Fungible Tokens (NFTs). Full details ofRead More…

WTI $115.31 -$3.62, Brent $118.51 -$2.66, Diff -$3.20 +96c. Author @mgrahamwood USNG $7.42 +23c, UKNG 269.8p +64.8p, TTF €128.005 +€26.005. Oil price A bad day for oil as the FedRead More…

ECR announced Multiple High-Grade Gold Intercepts from hole BH3DD034 at HR3, Bailieston Victoria The news flow is picking up from Australia, ECR Minerals announced a progressive update from drilling atRead More…

Direct Shipping Ore grades confirmed by bulk sample results from Hancock Follow the link to view the announcement in full, including all figures: http://www.rns-pdf.londonstockexchange.com/rns/1287P_1-2022-6-16.pdf Alien Metals Ltd (LSE AIM:UFO), aRead More…

Wishbone Gold (WSBN) updated the market regarding the Wishbone II Gold-Copper drill program in Northern Queensland. The company said the drill programme is proceeding well and approximately 25% of theRead More…

PetroNeft provides the following updates. Highlights · The board of PetroNeft is saddened and deeply concerned by the Russia-Ukraine conflict and hopes that a peaceful resolution will be found soon.Read More…

Paris, France and Camberley, UK – 16 June 2022 – Novacyt (EURONEXT GROWTH: ALNOV; AIM: NCYT), an international specialist in clinical diagnostics, announces an update on its ongoing dispute withRead More…

One of the Highest margin titanium deposits AND as a bonus – The lowest cost graphite project in the world. NPV $1.54 Billion – Up 80% for a modest 12%Read More…

Wishbone Gold Plc (AIM: WSBN, AQSE: WSBN), is pleased to update the market regarding the Wishbone II Gold-Copper drill program in Northern Queensland. Please click the following link to viewRead More…

Non-operated asset portfolio drilling update: acquisition of further Williston Basin working-interests Zephyr Energy plc (AIM: ZPHR) (OTCQB: ZPHRF), the Rocky Mountain oil and gas company focused on responsible resource developmentRead More…

According to Eni, the gas flows from Russia’s Gazprom into Italy were down by around 15% Wednesday, compared to the previous day. The spokesperson added that there was no explanationRead More…

Bitcoin fell again, pushing the token to $20,000. This was evidence that the stress levels in the crypto industry were increasing. There is a growing concern about the stability andRead More…

Alex Mashinsky will have to fight for his reputation in the midst of the market crash. Alex Mashinsky might be in the crosshairs of a crypto meltdown but his personalRead More…

WTI $118.93 -$2.00, Brent $121.17 -$1.10, Diff -$2.24 +90c. Author @mgrahamwood USNG $7.19 -$1.42, UKNG 205.0p +44.5p, TTF €102.00 +€16.585 Oil price A brief word this morning as I’m headingRead More…

Immediate Acquisition (IME) revealed the results of the placing announced yesterday, and updated on the proposed acquisition of Fiinu Holdings Limited. 40,050,000 new ordinary shares were conditionally placed at 20pRead More…

Kodal Minerals, the mineral exploration and development company focused on lithium and gold assets in West Africa, is pleased to provide details of an updated Project Feasibility Study and theRead More…

Arc Commences with Maiden Botswana Exploration Programme Arc Minerals the Africa focussed copper company is pleased to report the commencement of its maiden exploration programme at its Virgo Project inRead More…

Orcadian Energy (AIM:ORCA), the low-emissions North Sea oil and gas development company, is pleased to announce a seismic licensing deal with the energy data company TGS. The agreement will provideRead More…

Hydrogen Storage & Hydrogen Refuelling Non-binding MoU with Jiangsu Guofu Hydrogen Energy Equipment Co. Oracle Power PLC (AIM:ORCP), the international natural resources project developer, is pleased to announce that itsRead More…

Botswana focussed metals exploration company Kavango Resources plc (LSE:KAV) has successfully completed hole DITDD005 on the “i1” target (“Target i1”) at the Ditau Camp Project (“Ditau”). The Company has nowRead More…

Angus Energy (AIM: ANGS) is pleased to announce that in accordance with the timings announced on 10 June all welding and hydrotesting of lines requiring inspection under the Pressure EquipmentRead More…

Coinbase Global Inc. announced Tuesday that it would lay off 18% of employees in an additional sign of a worsening cryptocurrency downturn that has slashed hundreds of millions of dollarsRead More…

According to Interfax, Russia’s first half of June saw an almost 5% increase in oil production compared to May. The Interfax news agency reported Tuesday, citing a source with knowledgeRead More…

WTI $120.93 +26c, Brent $122.27 +26c, Diff -$1.34 u/c. Author @mgrahamwood USNG $8.61 -24c, UKNG 160.50p +12.5p, TTF €85.415 +€2.915. Oil price Oil up yesterday and about a dollar betterRead More…

Zak Mir takes a charting look at some of the most followed small caps on the London stock market. Today’s selection of charts is FTSE 100, Bitcoin, Contango, Great Eastern,Read More…

Anglesey Mining plc (AIM:AYM), the UK minerals development company, continues to advance work programmes at both its Parys Mountain Cu-Zn-Pb-Ag-Au VMS project on the Isle of Anglesey in north-west WalesRead More…

The Board of Vela (AIM:VELA), an AIM-quoted investing company focused on early-stage and pre-IPO disruptive technology investments, announces that, on Friday 10 June 2022, the Company became aware of aRead More…

Bezant (AIM: BZT), the copper-gold exploration and development company, is pleased to report results of the Gorob drill programme targeting previously untested near-surface copper – gold mineralisation on the HopeRead More…

Open Orphan (ORPH), a specialist contract research organisation, announced that hVIVO, a subsidiary of Open Orphan, has signed a £7.2m contract with an existing top 5 global pharmaceutical company toRead More…

Contango Holdings Plc, the London listed natural resource company developing the Lubu Coking Coal Project in Zimbabwe (‘Lubu’) and the Garalo-Ntiela Gold Project in Mali (‘Garalo-Ntiela’), is pleased to adviseRead More…

Sovereign Metals Limited (ASX:SVM; AIM:SVML) (Sovereign or the Company) advises that today the Company requested an immediate voluntary trading halt in its shares on the Australian Securities Exchange (ASX), pendingRead More…

GreenRoc Mining plc (AIM: GROC), a company focused on the development of critical mineral projects in Greenland, is delighted to announce that Company Chairman George Frangeskides will be presenting todayRead More…

Open Orphan plc (AIM: ORPH), a rapidly growing specialist contract research organisation (CRO) and world leader in testing infectious and respiratory disease products using human challenge clinical trials, announces thathVIVO,Read More…

Clontarf Energy plc (AIM: CLON), announces completion of the Sasanof-1 exploration well, located 207 km northwest of Onslow, Western Australia: The Operator, Western Gas (“WGC”) has provided the following updateRead More…

WTI $120.67 -84c, Brent $122.01 -$1.06, Diff -$1.34 -23c. Author @mgrahamwood USNG $8.85 -11c, UKNG 148.0p -0.65p, TTF €82.5 +€0.036 Oil price Oil was up on the week but fadedRead More…

Vast Resources plc, the AIM-listed producing mining company, is pleased to announce that its second Mantis CMR4 production drilling rig has been delivered to site at the Baita Plai PolymetallicRead More…

As Bitcoin drops to its lowest level since December 2020, markets are in chaos After data on Friday showed that US inflation rose to a new 40-year high, traders areRead More…

Zak Mir takes a charting look at some of the most followed small caps on the London stock market. Today’s selection of charts is FTSE 100, IG, Lexington, Mosman, Scirocco,Read More…

Scirocco signs binding agreement to divest 25% interest in Ruvuma to Wentworth Resources for a total consideration of up to US$16 million Scirocco Energy (AIM: SCIR), the AIM investing companyRead More…

Power Metal Resources plc (LON:POW), the London listed exploration company seeking large-scale metal discoveries across its global project portfolio announces a lithium focused exploration update for the Selta Project (“Selta”Read More…

Oracle Power (ORCP), the international natural resources project developer, announced that further positive metallurgical results have been returned from the three samples from its 100% owned Northern Zone Gold Project,Read More…

N4 Pharma Plc (AIM: N4P), the specialist pharmaceutical company developing Nuvec®, a novel delivery system for cancer treatments and vaccines, is pleased to announce an update on its current workRead More…

Great Western Mining Corporation PLC (AIM – GWMO, Euronext Growth – 8GW, “the Company”), which is exploring and developing gold, silver and copper targets in the Walker-Lane trend of Nevada,Read More…

Orcadian Energy (AIM:ORCA), the low-emissions North Sea oil and gas development company, is pleased to provide the following update. Highlights: · The Company has submitted a draft Field Development PlanRead More…

Vast Resources plc, the AIM-listed producing mining company, is pleased to announce that the Company Update and Q&A session which was recently delivered via the Investor Meet Company platform isRead More…

Improved Gold Recovery of up to 94.7% Received from Further Positive Metallurgical Results Northern Zone Gold Project Oracle Power PLC (AIM:ORCP), the international natural resources project developer, is pleased toRead More…

Oilex Ltd (the Company) advises that its General Meeting will be held on Wednesday 13 July at 4pm AWST (Meeting) at PKF Perth Level 5, 35 Havelock Street, Perth, WesternRead More…

The week started with Longboat Energy PLC (LON: LBE) and Clontarf Energy PLC (AIM: CLON) well’s dry with no commercial hydrocarbons were intersected, plugged and abandoned. Author @ABMckinley Not theRead More…

The government has asked Britain’s competition watchdog to examine the retail fuel market in order to determine if a reduction in duty has been passed on to consumers after pricesRead More…

According to the Press Association, it is understood that the two partnering companies have placed a takeover approach for Boots by one of India’s wealthiest men, and a US privateRead More…

Analysing the market capitalisations for companies listed on AIM shows that oil and gas companies accounted for 6.3% of AIM’s total value at the end of April, up from 3.9%Read More…

Drivers in the UK are experiencing record petrol prices. Yet, the country exports millions of litres of fuel every month to the US where they pay less than half theRead More…