Weekly Stock Market News - Issue #238

Another bumper week across the sector, I have a feeling that some investors may see multiple returns on their investments when the markets turn, so many basement bargain stocks around,Read More…

On Friday, oil prices closed higher, recovering some of the losses from this week’s weak U.S. job growth data. However, they closed the week at their lowest level since FebruaryRead More…

Richmond upon Thames is London’s only remaining borough where prices rose by at least double the rate in the last year. The leafy suburb stretches from Kew Gardens to theRead More…

U.S. oil firms have cut their number of oil drilling rigs by more than 80% since September. This is because production increases incrementally and energy firms are increasing shareholder returnsRead More…

What do you hope to achieve with Power Metal in the remainder of 2022? Power Metal is not playing by the same old book when it comes to your averageRead 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, Amur, Avation, AMTE,Read More…

Amur Minerals Corporation (“Amur” or the “Company”), the nickel-copper sulphide mineral exploration and resource development company focused on the far east of Russia. Announces that it, together with its whollyRead More…

WTI (Sept) $88.54 -$2.12, Brent (Oct) $94.12 -$2.66, Diff -$5.58 -54c. Author @mgrahamwood USNG (Sept) $8.12 -15c, UKNG (Sept) 385.19p +20.19p, TTF (Sept) €203.5 +€9.0. Oil price Another bad day,Read More…

Tullow Oil, a company that focuses on Africa, announced Friday it would cease drilling operations at an exploratory well off Guyana. Results showed the well bore water. This sent itsRead More…

AMTE Power and Cosworth enter partnership to develop next-generation engines for electric vehicles AMTE Power Plc (“AMTE Power”), a leading manufacturer of battery cells for specialist markets, has signed aRead More…

Chaarat (AIM:CGH), the AIM-quoted gold mining Company with an operating mine in Armenia and assets at various stages of development in the Kyrgyz Republic, announces its production and operational resultsRead More…

DeepVerge (DVRG), announced that the company’s unaudited revenues in H1 2022 grew by 95% to £6.47m (H1 2021: £3.32m). Orders to August of £8.87m are booked for delivery in H2Read More…

Oracle Power PLC (AIM:ORCP), the international natural resources project developer, is pleased to announce that it has successfully raised gross proceeds of £500,000 by way of a placing of 181,818,182Read More…

H1 unaudited revenues grew 95% to £6.47m (2021 H1: £3.32m) Full-year revenues, weighted to H2, expected to exceed £18m DeepVerge plc (AIM: DVRG), announces that t he Company’s unaudited revenuesRead More…

London, United Kingdom; Calgary, Canada: August 05, 2022 – Canadian Overseas Petroleum Limited and its affiliates (“COPL” or the “Company”) (XOP: CSE) & (COPL: LSE), an international oil and gasRead More…

WTI (Sept) $90.66 -$3.76, Brent (Oct) $96.78 -$3.76, Diff -$6.12 u/c. Author @mgrahamwood USNG (Sept) $ 8.27 +56c, UKNG (Sept) 365.0p -0.03p, TTF (Sept) €194.5 -€11.0. Oil price To beRead More…

To keep inflation under control, policymakers increased interest rates by 0.5% to 1.75% on Thursday. This was in an effort to maintain a lid on inflation which is expected toRead 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, Alkemy, Amigo, CyanConnode,Read More…

The Board of Xtract Resources Plc (“Xtract” or the “Company”) is pleased to report that the Phase Two drilling programme at the Bushranger copper-gold exploration project has now completed. HighlightsRead More…

Glencore, a miner and trader, announced Thursday that it will return $4.5 billion to investors. This includes a $3 billion share buyback. The company reported a record-breaking half-year profit, largelyRead More…

First Class Metals PLC (“First Class Metals” “FCM” or the “Company”) the UK metals exploration company seeking large-scale metal discoveries across its extensive Canadian Schreiber-Hemlo land holding is pleased toRead More…

Jersey, Channel Islands, 04 August 2022 – Serinus Energy plc (“Serinus” or the “Company”) (AIM:SENX, WSE:SEN), is pleased to announce that the drilling of the Canar-1 exploration well in RomaniaRead More…

There was a definite wow factor in the latest news from Open Orphan (ORPH), a specialist contract research organisation. It announced that hVIVO, a subsidiary of Open Orphan plc, hasRead More…

Power Metal Resources plc (LON:POW), the London listed exploration company seeking large-scale metal discoveries across its global project portfolio announces an update in relation to the Molopo Farms Complex ProjectRead More…

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

Analysts believe that OPEC+ will increase oil production by a small 100,000 barrels per hour. This is in direct insult to President Joe Biden, who travelled to Saudi Arabia lastRead More…

WTI (Sept) $94.42 +53c, Brent (Oct) $100.54 +51c, Diff -$6.12 -2c Author @mgrahamwood USNG (Sept) $7.71 -26c, UKNG (Sept) 365.03p +8.03p, TTF (Sept) €205.5 -€0.75 Oil price Very little toRead More…

Following a period of previously announced disappointing performance at Rukwa Coal Project (“Rukwa”), Edenville is pleased to announce that a new experienced on-site management team has been mobilised to runRead 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, Audioboom, Cellular, Igas,Read More…

i3 Energy plc (AIM:I3E) (TSX:ITE), an independent oil and gas company with assets and operations in the UK and Canada, is pleased to announce the following update. Monthly Dividend i3Read More…

Rapid Progress in Saudi Arabia Formal Notification of Jibal Qutman Land Use Permitted for Mining Two further exploration licences granted The Company plans to re-secure the Jibal Qutman exploration licenseRead More…

Further to Synergia Energy Ltd’s (Synergia or the Company) (formerly named Oilex Ltd) announcement on 4 May 2022, advising of an equity fundraise of £2.5 million (A$4.4 million), before costs, to fund the refraccing ofRead More…

i3 Energy (I3E), an independent oil and gas company with assets and operations in the UK and Canada, announced its monthly dividend totalling £1.6996 million / 0.1425 pence/share. Ex-Dividend 11Read More…

Orcadian Energy (AIM: ORCA), the low-emissions North Sea oil and gas development company, is pleased to announce that, further to the announcement of 11 October 2021, the Company has nowRead More…

Completion of Sale of the CD4 Business Notice of Results & Annual General Meeting Further to the announcement on 4 July 2022, Omega (AIM: ODX), the specialist medical diagnostics companyRead More…

Approval of an Important Step in the Development of 1,200MW Power/Green Hydrogen Project Oracle Power PLC (AIM:ORCP), the international natural resources project developer, is pleased to announce that the CompanyRead More…

Botswana focussed metals exploration company Kavango Resources plc (LSE: KAV) (“Kavango”) provides an update on drill targeting at its Kalahari Copper Belt (KCB) licence PL036/2020. Highlights – Initial high-resolution, close-spacedRead More…

Wishbone Gold Plc (AIM: WSBN, AQSE: WSBN), is pleased to announce that it has secured a second drill rig for the Company’s Red Setter Gold-Copper Project in the Patersons RangeRead More…

Tim is joined by the team from Pantheon Resources, CEO Jay Cheatham and Technical Director Bob Rosenthal. The company has just completed the vertical section of the Alkaid #2 well,Read More…

Seeing Machines Limited (AIM: SEE), the advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety has today released an investor newsletter and short businessRead More…

Bens Creek Group PLC, (AIM: BEN), said that most of its infrastructure was unaffected by the severe flooding in West Virginia’s Western region. However, it did pose some logistical andRead 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, Ascent, Angle, Avacta,Read More…

A flash blog today as I’m on a pitch, anything I miss will be catch up on tomorrow… Author @mgrahamwood Genel Energy Genel has announced its unaudited results for theRead More…

BP posted its largest profit since 2008, thanks to soaring energy prices. The latest forecasts indicated that household bills could rise to more than £3,600 in the winter. The profitRead More…

Quantum Blockchain Technologies (AIM: QBT) wishes to provide shareholders with an update regarding the Company’s ongoing legal claims. Author @ZaksTradersCafe The company said it that although its main focus remainsRead More…

Helium One Global (AIM: HE1), the primary helium explorer, is pleased to provide an update on progress at its Rukwa (100%) project area in Tanzania including details of its plannedRead More…

This week, the Bank of England is expected to announce its strategy for releasing some of the £895 Billion ($1.1 Trillion) of stimulus that it has provided over the pastRead More…

IGas is pleased to confirm it has completed its scheduled six-monthly RBL facility redetermination process. The redetermination exercise confirms $22 million (£18.1 million) of debt capacity. Cash balances as atRead More…

Ascent Resources Plc (LON: AST), the onshore Hispanic America and European focussed energy and natural resources company, is pleased to announce an agreement of PG-10 and PG-11A hydrocarbon revenues andRead More…

The RAC claims that motorists in Britain are paying more for petrol than anywhere else in Europe, except Finland. This is despite the Government’s inability to lower fuel duties. TheRead More…

WTI (Sept) $98.62 +$2.20, Brent (Oct) $103.97 +$2.14, Diff -$5.35 -6c Author @mgrahamwood USNG ( Sept) $8.22 +9c, UKNG (Sept) 370.0p -6.11p, TTF (Sept)  €198.5 -€0.7 Oil price The oilRead More…

Power Metal Resources plc (LON:POW), the London listed exploration company seeking large-scale metal discoveries across its global project portfolio announces an update in relation to its joint venture (“JV”) subsidiaryRead 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,  AIQ, Byotrol, Cellular,Read More…

Prospex Energy PLC (AIM: PXEN), the AIM quoted investment company focused on European gas and power projects, is pleased to provide an update on the production and income from theRead More…

It’s an interesting time to be an exploration investor. Author: Michael Johnson On the one hand, gold prices are primed to remain elevated for some time amid escalating economic andRead More…

i3 Energy plc (AIM:I3E) (TSX:ITE), an independent oil and gas company with assets and operations in the UK and Canada, is pleased to announce, following the fulfilment of all conditionsRead More…

A new week and a chunky win for DeepVerge (DVRG) subsidiary Modern Water. It announced new orders worth £2.1 million using All Membrane Brine Concentration technology to treat technically challengingRead More…

Ragged Range Project, WA Airborne Magnetic and Radiometric Survey Commences The directors of Thor Mining Plc (“Thor”) (AIM, ASX: THR, OTCQB: THORF) are pleased to announce the commencement of aRead More…

Vast Resources plc, the AIM-listed production and development company, is pleased to announce that it will commence molybdenum concentrate production in August 2022 at its Baita Plai Polymetallic Mine (“BaitaRead More…

Alien Metals Limited (AIM: UFO), a global minerals exploration and development company, is pleased to update the market on its Mexican projects – San Celso and Donovan 2. The CompanyRead More…

Wishbone Gold Plc (AIM: WSBN, AQSE: WSBN), is pleased to announce drilling is delivering encouraging results (Photos 1-5), with the intersection of multiple zones of quartz veining, carbonate and chalcopyriteRead More…

What do you hope to achieve with Power Metal in the remainder of 2022? Power Metal is not playing by the same old book when it comes to your averageRead More…

This year to the middle of July has been one of the most brutal in living memory for small-cap stocks @ZaksTradersCafe One of the more disappointing aspects of this mostRead 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, Amur, AIQ, Baron,Read More…

Back To The 70s Author @ZaksTradersCafe This year to the middle of July has been one of the most brutal in living memory for small-cap stocks, something that could notionallyRead More…

As a flaming July came to a close, there were the first hints that not only were stocks starting to recover but that some interest was returning. A historic pointRead More…

The stock market is a drab, boring place to be right now as a mining exploration investor but things are set to change with the London listing of Golden MetalRead More…