Weekly Stock Market News - Issue #255

C4X Discovery Holdings PLC, (AIM: C4XD), shares surged more than 25% on Monday after the company announced that it had signed a worldwide exclusive licensing agreement with AstraZeneca totalling upRead More…

Russia will not accept a price cap for its oil and is looking at how to respond to it, the Kremlin stated in comments published Saturday in response to aRead More…

Investors will get a glimpse at Mike Ashley’s Frasers Group, which will give them a snapshot of its performance since October when the tracksuit tycoon retired. Ashley gave Michael Murray,Read More…

With the FTSE 100 above 7,500 and the small-cap index also 10% off its lows – to where it was in September, it may be the case that we canRead More…

SAO PAULO, Dec 3 (Reuters) – Brazilian soccer legend Pele is receiving palliative care after the chemotherapy stopped having the expected results as he battles colon cancer, newspaper Folha deRead More…

The US government has requested an independent investigation into FTX’s bankruptcy to investigate fraud, dishonesty, and incompetence claims at the failing cryptocurrency exchange. The US Department of Justice requested thatRead More…

Although they may appear to be in a paradise of sun, sea and budgie smugglers at times, the Australians do not take any prisoners. Take, for example, the way theyRead More…

Two sources close to major Russian producers claim that Russian oil production could drop by between 500,000 and 1 million barrels per day (bpd), as the European Union bans seaborneRead More…

Hedge funds seek to lockdown new employees, while banks scoff at the bonus cap. Hedge funds want to penalize those who reject job offers. UK banks don’t embrace the bonusRead 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, Dax 40, Dow, Bitcoin,Read More…

GWMO shares could be undervalued given the company’s significant gold, silver, and copper claims across the Walker Lane Structural Belt in Nevada. Author: Charles Archer Great Western Mining Corporation (LON: GWMO)Read More…

Summer 2022 Exploration Programme Delivers High-Grade Uranium Rock Samples up to 4.70% (47,000 ppm) U308 Power Metal Resources PLC (LON:POW) the London listed exploration company seeking large-scale metal discoveries acrossRead More…

Egdon Resources plc advises that the Annual General Meeting (“AGM”) of the Company scheduled to be held on Tuesday 13 December 2022 at 11.30 a.m. is to be postponed andRead More…

The European Union was moving closer to setting a $60 per-barrel price limit on Russian oil — a complex and highly anticipated political and economic manoeuvre that will keep Russia’sRead More…

TotalEnergies, a French oil giant, has been the first major North Sea operator that has cut investment directly as a result of Rishi’s windfall tax. The EUR157bn (£134bn-listed company) willRead More…

Marula Mining, a London-based company, has signed a binding heads agreement with Kusini Gateway Industrial Park Tanzania (KGIP), to obtain a 73% commercial interest in Bagamoyo graphite’s project. The projectRead More…

Echo Energy plc, the Latin American focused energy company, announces that in respect of completion of the restructuring of the Company’s Luxembourg listed EUR 20.0m 8.0% secured notes (the “Notes”)Read More…

It would appear that the season of goodwill has got off to a mixed start at MetalNRG (MNRG). Author @ZaksTradersCafe It announced that it has received a letter dated 28Read More…

London, December 2nd 2022, Orosur Mining Inc. (“Orosur” or the “Company”) (TSXV:OMI,AIM:OMI) , is pleased to announce an update on the progress of exploration activities at the Company’s flagship AnzáRead More…

MetalNRG announces that it has received a letter dated 28 November 2022 from solicitors representing Edward Spencer who, as a shareholder, holds 7.3% of the Company’s issued ordinary share capital.Read More…

As consumers prepare for a double-digit increase in their bills next fiscal year, mobile phone and broadband providers are accused of concealing inflation-busting price hikes in customer contracts. Ofcom, theRead More…

The weakening dollar, Covid restrictions in China and falling oil prices have caused the price of petrol to plummet. According to the AA’s July record, drivers are now paying anRead 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, Dax 40, Dow, Bitcoin,Read More…

HORIZONTE MINERALS PLC AWARDS PORT CONTRACTS FOR ITS ARAGUAIA NICKEL PROJECT IN BRAZIL A KEY CONDITION REQUIRED FOR DRAWDOWN OF DEBT FUNDING PACKAGE Highlights: · Two Port contracts signed forRead More…

A flash blog today, in town with a couple of companies. Oil is rallying sharply ahead of Opec+ on Sunday and Chinese drawing back from Covid shutdowns but we’ve heardRead More…

San Leon (SLE), the independent oil and gas company focused on Nigeria, announced a further update in relation to the Proposed MLPL Reorganisation. Author @ZaksTradersCafe The company said it isRead More…

Research has shown that Brexit increased the UK’s food bill by almost £6bn in the two years up to 2021. This impacted the poorest households the most. Researchers at theRead More…

Synergia Energy Ltd (the “Company” or “Synergia”) is pleased to announce the following update with respect to its Cambay India field. Production Gas production from the C-77H well continued toRead More…

Zephyr Energy plc (AIM: ZPHR) (OTCQB: ZPHRF), the Rocky Mountain oil and gas company focused on responsible resource development and carbon-neutral operations, is pleased to announce that, following the completionRead More…

EQTEC plc (AIM: EQT), a global technology innovator powering distributed, decarbonised, new energy infrastructure through its waste-to-value solutions for hydrogen, biofuels, and energy generation, provides the following update regarding theRead More…

In the aftermath of the collapse in FTX, crypto lenders were dealt another blow by Bitcoin miners. When miners could make as much as $4bn (£3.3bn), to finance mining equipment,Read More…

HSBC announced that it would close 25% of its branches in the UK starting next April, as more people switch to online banking. The bank announced that 114 branches wouldRead More…

Easyjet PLC (LSE: EZJ) ‘s heavy fall in losses at low-cost airlines proved to be “a clear rebound of financial performance,” according to Gerald Khoo, Liberum Capital’s transport analyst. KhooRead More…

Asiamet Resources Limited (“Asiamet” or the “Company”) was notified on 30 November 2022 that Darryn McClelland, Chief Executive Officer purchased 3,500,000 common shares of par value US$0.01 each (“Common Shares”)Read 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, DAX 40, Dow, Bitcoin,Read More…

Updated Mineral Resource Estimate – Indicated Resource increase and substantial grade increase for Toral Pb, Zn & Ag Project, Spain Europa Metals, the European focused lead, zinc and silver developer,Read More…

Food inflation reached a record high in November due to egg shortages. Meanwhile, rising milk and meat prices will cause Christmas dinner costs to rise sharply. According to the BritishRead More…

Kendrick Resources (KEN), the mineral exploration and development company, provided an update on its activities in Scandinavia. Author @ZaksTradersCafe The company said it was particularly pleased by the investigations ongoingRead More…

Another “confirmation” was made yesterday that the government plans build the Sizewell C nuclear plant in Suffolk. This is undoubtedly the most famous project in UK infrastructure history. However, theRead More…

Greatland enters an option agreement to sell its Tasmanian exploration licences while retaining a future economic interest in the projects Greatland Gold plc (AIM:GGP), a mining development and exploration companyRead More…

MKANGO RELEASES FINANCIAL STATEMENTS AND MANAGEMENT’S DISCUSSION AND ANALYSIS FOR THE PERIOD ENDING SEPTEMBER 30, 2022 London/Vancouver: November 30, 2022 – Mkango Resources Ltd (AIM / TSX-V:MKA) (the “Company” or “Mkango”), is pleasedRead More…

Rockhopper Exploration plc (AIM: RKH), the oil and gas company with key interests in the North Falkland Basin, is pleased to announce that, following discussions with the Falkland Islands GovernmentRead More…

Marula Mining (AQSE: MARU) an African focused mining and development company, is pleased to announce that it has entered into a binding heads of agreement with Tanzanian mining company, KusiniRead More…

The digital-asset market has been affected by the fallout of Sam Bankman Fried’s FTX crypto empire. The price difference between Bitcoin and wrapped Bitcoin, a derivative of the most popularRead More…

WTI (Jan) $77.24 +96c, Brent (Jan) $83.19 -44c, Diff -$5.95 -$1.40. Author @mgrahamwood USNG (Jan) $6.71 -31c, UKNG (Dec) 300.0p +9p, TTF (Dec) €129.5 +€7.5. Oil price  The fight rightRead 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 & Sunbeam land holding. IsRead 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, DAX 40, Dow, Bitcoin,Read More…

Energy companies have been accused of disconnection of households by moving them to smart meters for pre-payment to disconnect them “by the backdoor”. Pre-payment installations via court orders or smartRead More…

Zephyr Energy plc (AIM: ZPHR) (OTCQB: ZPHRF), the Rocky Mountain oil and gas company focused on responsible resource development and carbon-neutral operations   ls pleased to announce that an updatedRead More…

Poolbeg Pharma (POLB), a clinical stage infectious disease pharmaceutical company, announced that, further to its announcement in March 2022, the construction of the computational artificial intelligence (AI) influenza disease modelRead More…

EasyJet PLC reported that bookings for next year are positive, reporting a substantial reduction in annual losses to £178mln, compared with £1,136mln. The increase in capacity flown and the continuedRead More…

GGP shares are now fully financed to production at its flagship 30%-owned Haverion project, which is set to deliver feasibility study results early in the new year. by: Charles Archer GreatlandRead More…

Oriole Resources PLC, the AIM-quoted exploration company focussed on West Africa, is pleased to provide an update for its 90%-owned exploration projects in Cameroon. The Company is focused on the BibemiRead More…

Mineralisation Extended – Multiple Intersections Highest Grade of 6.78% Li2O reported Ongoing Resource Extension and Infill Drilling Results Ewoyaa Lithium Project Ghana, West Africa Atlantic Lithium Limited (AIM: ALL, OTCQX: ALLIF, ASX:Read More…

Caracal Gold plc, the expanding East African gold producer with over 1,300,000oz JORC compliant gold resources, is pleased to announce that it has secured conditional non-dilutive financing of US$10.5m throughRead More…

CytoReason analysis of human challenge trial data on track to deliver outputs in Q2 2023 29 November 2022 – Poolbeg Pharma (AIM: POLB, OTCQB: POLBF, ‘Poolbeg’ or the ‘Company’), aRead More…

There is peace at BT as the telco group announces a UK Cost of Living Pay Increase that could end strike action at the company. All employees earning less thanRead More…

Investment Update: Ascendant Closes US$15 Million Streaming Financing Agreement with Sprott Private Resource for the Lagoa Salgada Project HIGHLIGHTS: · Ascendant secures Sprott Funding To Fund the Completion of FeasibilityRead More…

After energy prices rose amid falling temperatures, the UK’s electricity network operator is ready to activate its emergency snow plan. National Grid suggested that it might announce Monday afternoon thatRead 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, Dax 40, Dow, Bitcoin,Read More…

Amendment to terms of the Mustang Convertible Loan Notes Bushveld Minerals Limited (AIM: BMN), the integrated primary vanadium producer and energy storage solutions provider, is pleased to announce that BushveldRead More…

Alien Metals Ltd (LSE AIM:UFO), a global minerals exploration and development company, is pleased to update shareholders of director and PDMR dealings in relation to the managed sell down ofRead More…

KEFI (AIM: KEFI), the gold exploration and development company with projects in the Federal Democratic Republic of Ethiopia and the Kingdom of Saudi Arabia, announces that a new investor presentationRead More…

Rockfire Resources (ROCK), the base metal and critical mineral exploration company, announced that it has received high grade results from rock samples taken from historic mullock (waste) dumps and surfaceRead More…

Oracle Power PLC (AIM: ORCP), a developer of green hydrogen production through its joint venture Oracle Energy Limited is pleased to announce the acquisition by Oracle Energy of State landRead More…

On 25 November 2022, at the Tanzania Petroleum Development Corporation (“TPDC”) headquarters in Dar es Salaam, the parties to the Ruvuma PSA signed an addendum to the PSA (“PSA Addendum”).Read More…

Update on Exploration including geophysical (VTEM) reinterpretation on Esa claim block, Ontario. First Class Metals PLC (“First Class Metals” “FCM” or the “Company”) the UK metals exploration company seeking large scaleRead More…

Experts say that China began to buy global PPE stocks from Australia, Europe and the USA around the same period. China started to restrict the export of personal protective gearRead 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, Dax 40, Dow, Bitcoin,Read More…

Chinese protestors toppled Covid-quarantine bars in Wuhan, as anti-lockdown demonstrations spread throughout the country. This was the largest challenge to Xi Jinping’s rule since he took power a decade back.Read More…

It has been another good week for UK PLC, with the FTSE 100 and the Pound rising well against the US dollar. Presumably the markets were waiting for the taxRead More…

A round-up of the market’s news over the past week was highlighted across the Share Talk platform. The four best high risk, high reward (BOIL, HARL, PREM, AVCT) stocks toRead More…

Jeremy Hunt’s windfall tax for oil and gas giants needs to be diluted in order to prevent industry collapse, Tory MPs warned. According to the Chancellor, his so-called energy profitsRead More…