Carnival (CCL) shares see some light relief, ticking up 6.34% to 1,415p
Shares in Carnival saw some light relief today after the group announced on Friday morning that its Carnival Cruise Line would implement plans to retire two of its oldest cruise ships.
The cruise line has decided to cancel Sydney-based Carnival Splendor's operations until September 2022 while its Australian operations have been cancelled until October 2023.
The changes come as the federal government finalises a timeline for the return of international cruise ships to Australia, which has had a cruise ban since March 2020.
SpaceandPeople (SAL) shares jump 40.54% to 13p as FY21 revenue beats FY20
In a trading update, the retail, promotional and brand experience specialist, said revenue for FY21 was ‘substantially better’ than that reported in FY20 at £4.5m, up from £2.8m last year.
Trading during 2H21 began to recover as restrictions eased, although this was negatively affected to an extent due to Government advice in the December trading period, it noted.
As of 31 December 2021, the Group had cash of £1.35m, up from £0.8m in the year prior. The Group said trading has continued to recover in early 2022 in both the UK and Germany. The board is ‘increasingly confident’ on the outlook for the business going forward.
Premier African Minerals (PREM) shares rise 37.13% to 0.325p following positive results
In an update on its Zulu Lithium and Tantalum Project, the Company said it has received a small number of assay results suggesting important on-strike extensions to the main ore body.
The geological model of the Zulu pegmatites developed by Shango Solutions now suggests further extensions to the northwest of the previously announced resource statement, it said.
“This work now underway, together with infill drilling in respect of which results are still outstanding, may potentially elevate confidence and increase the tonnage of the resource and the exploration target,” George Roach, CEO of Premier African Minerals informed investors.
Pantheon Resources (PANR) shares rise 36.10% to 111.3p as it finishes testing operations
The oil and gas firm said testing operations have been completed on the Lower Basin Floor Fan, a Brookian aged horizon of Talitha #A, a vertical test well that was drilled in 2021.
It noted that three intervals were individually stimulated and flow tested to produce high-quality c. 35 to 39 degree API oil, averaging 73 barrels of oil per day over three days.
On the final day of testing, the well was flowing at a sustained rate of around 40 bopd.
In addition, Theta West drilling is on track and on budget and is expected to reach total depth either today or tomorrow, with future drilling and testing results to be announced as received.