Argos Resources Ltd. (DI) (ARG)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

4.49p
   
  • Change Today:
    -0.100p
  • 52 Week High: 5.75
  • 52 Week Low: 2.20
  • Currency: UK Pounds
  • Shares Issued: 220.71m
  • Volume: 73,736
  • Market Cap: £9.91m
  • RiskGrade: 388

Argos Resources profits dive in first half

By Iain Gilbert

Date: Tuesday 21 Aug 2018

LONDON (ShareCast) - (Sharecast News) - Argos Resources saw its profits tumble during the first half of its trading year.
Pre-tax profits more than halved from $81,000 to $37,000 in the six months to 30 June as a result of a $19,000 foreign exchange loss, a marked turnaround from the $37,000 gain seen a year earlier.

Earnings per share were cut 50% to $0.02 each.

Cash and equivalents rose 30% to $884,000.

Argos Resources continues to hold a 5% overriding royalty interest in Noble Energy's North Falkland licence PL001 - adjacent to licences PL032 and PL004 in the large Sea Lion oil field and the Zebedee and Isobel-Elaine discoveries.

"We believe that Licence PL001 is well-positioned in a proven oil basin and contains a large inventory of attractive prospects," said Argos.

Argos receives quarterly cash payments totalling £300,000 per year from Noble and its licencing partner Edison. The AIM-listed firm asserted this figure was sufficient to meet its ongoing costs.

As of 1045 BST, Argos Resources shares had ticked up 1.52% to 6.32p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

ARG Market Data

Currency UK Pounds
Share Price 4.49p
Change Today -0.100p
% Change -2.18 %
52 Week High 5.75
52 Week Low 2.20
Volume 73,736
Shares Issued 220.71m
Market Cap £9.91m
RiskGrade 388

ARG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
6.37% below the market average6.37% below the market average6.37% below the market average6.37% below the market average6.37% below the market average
78.02% below the sector average78.02% below the sector average78.02% below the sector average78.02% below the sector average78.02% below the sector average
Price Trend
76.00% above the market average76.00% above the market average76.00% above the market average76.00% above the market average76.00% above the market average
81.82% above the sector average81.82% above the sector average81.82% above the sector average81.82% above the sector average81.82% above the sector average
Income Not Available
Growth
88.93% above the market average88.93% above the market average88.93% above the market average88.93% above the market average88.93% above the market average
22.03% below the sector average22.03% below the sector average22.03% below the sector average22.03% below the sector average22.03% below the sector average

ARG Dividends

No dividends found

Trades for 24-Jan-2020

Time Volume / Share Price
16:26 2,724 @ 4.48p
16:25 11,012 @ 4.50p
12:37 50,000 @ 4.68p
09:17 10,000 @ 4.67p

ARG Key Personnel

Finance Director Andrew Irvine

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