Equity Research, Broker Reports, and media content on Hunting

  • Access the latest forecasts, broker valuations, multiples, and video content from the city about Hunting
  • See live updates from analysts, company announcements, and other news in a personalised/single dashboard
  • 21 Feb 20
Hunting

Acquisition of Enpro Subsea

Companies: Hunting
  • 21 Feb 20
Hunting

Acquisition of Enpro Subsea

Companies: Hunting
  • 17 Feb 20
The Industrial Revelation

Japanese Q4 19 GDP sees largest fall since 2014 following recent tax hikes, US industrial production fell due to warm weather and Boeing 737 Max issues

Companies: HTG OXIG RSW RNO SCPA ZTF SOM GHH

  • 17 Feb 20
The Industrial Revelation

Japanese Q4 19 GDP sees largest fall since 2014 following recent tax hikes, US industrial production fell due to warm weather and Boeing 737 Max issues

Companies: HTG OXIG RSW RNO SCPA ZTF SOM GHH

  • 10 Feb 20
The Industrial Revelation


Companies: CGS HAYD HTG OXIG RSW RNO SCPA TWD TRI ZTF GHH

  • 10 Feb 20
The Industrial Revelation


Companies: CGS HAYD HTG OXIG RSW RNO SCPA TWD TRI ZTF GHH

  • 03 Feb 20
The Industrial Revelation

India's manufacturing PMI rises to highest level since 2012, China's Caixin meets expectations, Caterpillar warns on 2020 outlook

Companies: HEAD HILS HTG JHD OXIG RSW RNO TWD ZTF SOM GHH

  • 03 Feb 20
The Industrial Revelation

India's manufacturing PMI rises to highest level since 2012, China's Caixin meets expectations, Caterpillar warns on 2020 outlook

Companies: HEAD HILS HTG JHD OXIG RSW RNO TWD ZTF SOM GHH

  • 27 Jan 20
The Industrial Revelation

UK & German manufacturing PMI rises in Jan ahead of expectations while US readings fall, missing estimates; Boeing may consider another cut to 787 Dreamliner

Companies: CGS HEAD HILS HTG JHD RNO SCPA TWD TRI ZTF SOM GHH

  • 27 Jan 20
The Industrial Revelation

UK & German manufacturing PMI rises in Jan ahead of expectations while US readings fall, missing estimates; Boeing may consider another cut to 787 Dreamliner

Companies: CGS HEAD HILS HTG JHD RNO SCPA TWD TRI ZTF SOM GHH

  • 23 Jan 20
The Industrial Revelation

UK industrial trends improves in Jan, South Korean GDP rises at fastest pace since Q3 17, Japan's exports miss but chip-making bounces in Dec

Companies: HEAD HTG JHD OXIG RSW GHH

  • 23 Jan 20
The Industrial Revelation

UK industrial trends improves in Jan, South Korean GDP rises at fastest pace since Q3 17, Japan's exports miss but chip-making bounces in Dec

Companies: HEAD HTG JHD OXIG RSW GHH

  • 20 Jan 20
The Industrial Revelation

US factory output rises in Dec better than expected, Schlumberger sees continued weakness in North America, Fastenal saw a continued slowdown in Q4

Companies: HEAD HILS HTG JHD RNO SCPA TRI ZTF SOM

  • 20 Jan 20
The Industrial Revelation

US factory output rises in Dec better than expected, Schlumberger sees continued weakness in North America, Fastenal saw a continued slowdown in Q4

Companies: HEAD HILS HTG JHD RNO SCPA TRI ZTF SOM

  • 17 Dec 19
The Industrial Revelation

Dec flash manufacturing PMI sees monthly falls in all major regions, US homebuilder optimism reaches 20 year high, Boeing to suspend production of 737 Max in January

Companies: Hunting
  • 17 Dec 19
The Industrial Revelation

Dec flash manufacturing PMI sees monthly falls in all major regions, US homebuilder optimism reaches 20 year high, Boeing to suspend production of 737 Max in January

Companies: Hunting
  • 17 Dec 19
Hunting

Trading statement

Companies: Hunting
  • 17 Dec 19
Hunting

Trading statement

Companies: Hunting
  • 09 Dec 19
The Industrial Revelation

German industrial production misses in Oct, Japan's Q3 GDP beats, Chinese exports fell unexpectedly in Nov

Companies: Hunting
  • 09 Dec 19
The Industrial Revelation

German industrial production misses in Oct, Japan's Q3 GDP beats, Chinese exports fell unexpectedly in Nov

Companies: Hunting
  • 26 Nov 19
Oil prices help, but the best returns come from asset growth

This note takes a look at UK oil and gas sector equities from the supermajors down to the small cap E&Ps, the extent to which they outperform a simple bet on oil prices, and whether there are common characteristics that can allow investors to pick winners in the space. We conclude that outperformance is possible and has been achieved by numerous names in the last ten years, with the core hallmarks being asset base augmentation, either by progressing assets and/or via acquisition, and possessing the agency to achieve this. We also include profiles of the oil and gas stocks in our coverage.

Companies: BLVN GENL GEEC GKP HTG HUR IOG JOG LAM PANR PMO RKH SEN

  • 26 Nov 19
Oil prices help, but the best returns come from asset growth

This note takes a look at UK oil and gas sector equities from the supermajors down to the small cap E&Ps, the extent to which they outperform a simple bet on oil prices, and whether there are common characteristics that can allow investors to pick winners in the space. We conclude that outperformance is possible and has been achieved by numerous names in the last ten years, with the core hallmarks being asset base augmentation, either by progressing assets and/or via acquisition, and possessing the agency to achieve this. We also include profiles of the oil and gas stocks in our coverage.

Companies: BLVN GENL GEEC GKP HTG HUR IOG JOG LAM PANR PMO RKH SEN

  • 29 Oct 19
South Korean manufacturing confidence falls, Gardner Denver revises down outlook, Hunting expects slowdown in North American drilling in Q4

BP (BP. LN, £104b) Q3 19 results reported a ~5% y/y increase in organic CAPEX (YTD: +6% y/y) | Hunting (HTG LN, £701m) Q3 19 trading update expects FY EBITDA to be at the “lower end of market expectations” following a slowdown in US onshore completions, despite improvements in offshore & international

Companies: BP Plc Hunting

  • 29 Oct 19
South Korean manufacturing confidence falls, Gardner Denver revises down outlook, Hunting expects slowdown in North American drilling in Q4

BP (BP. LN, £104b) Q3 19 results reported a ~5% y/y increase in organic CAPEX (YTD: +6% y/y) | Hunting (HTG LN, £701m) Q3 19 trading update expects FY EBITDA to be at the “lower end of market expectations” following a slowdown in US onshore completions, despite improvements in offshore & international

Companies: BP Plc Hunting

  • 21 Oct 19
Quarterly Research Outlook Autumn 2019

Following continued delays of a Brexit agreement, few sectors within the UK market have remained attractive to investors despite low valuations. One sector which has continued to outperform despite the political drama has been the UK video gaming sector (henceforth UK gaming), which we are fans of. We believe a combination of sector-leading growth, strong cash conversion and timely cyclical positioning support our positive view on the UK video gaming sector.

Companies: ABBY AMS ANX ARS ATYM AVON BLVN PIER BUR CGS CAML CDM CSRT TIDE CYAN DTG DEMG ELM EMR FPO FDEV GTLY GENL GHH GRI GEEC GKP HMI HAYD HEAD HILS HTG HUR IBPO IOG INDI JHD JOG KAPE KEYS KWS KCT KGH LAM LIT LOK MACF MANO MOD OXIG PCA PANR APP SRE PHC PMO RBW RMM RBGP REDD RSW RNO ROR SUS SCPA SEN SHG SOLG SOM SUMO TM17 INCE TWD TRAK TRI VNET VTC ZOO ZTF

  • 21 Oct 19
Quarterly Research Outlook Autumn 2019

Following continued delays of a Brexit agreement, few sectors within the UK market have remained attractive to investors despite low valuations. One sector which has continued to outperform despite the political drama has been the UK video gaming sector (henceforth UK gaming), which we are fans of. We believe a combination of sector-leading growth, strong cash conversion and timely cyclical positioning support our positive view on the UK video gaming sector.

Companies: ABBY AMS ANX ARS ATYM AVON BLVN PIER BUR CGS CAML CDM CSRT TIDE CYAN DTG DEMG ELM EMR FPO FDEV GTLY GENL GHH GRI GEEC GKP HMI HAYD HEAD HILS HTG HUR IBPO IOG INDI JHD JOG KAPE KEYS KWS KCT KGH LAM LIT LOK MACF MANO MOD OXIG PCA PANR APP SRE PHC PMO RBW RMM RBGP REDD RSW RNO ROR SUS SCPA SEN SHG SOLG SOM SUMO TM17 INCE TWD TRAK TRI VNET VTC ZOO ZTF

  • 23 Jul 19
Quarterly Research Outlook - Summer 2019

In January, we provided a list of 11 stocks for 2019 that we believed would perform strongly with attractive catalysts that could lead to material outperformance. In this Quarterly Research Outlook, we revisit these views, analysing what has happened and how the remaining six months of the year could play out.

Companies: AMS ANX ARS ATYM AVON BLVN PIER BUR CGS CAML CALL CSRT TIDE CYAN DTG DEMG ELM EMR FPO FST GTLY GENL GRI GEEC GKP HMI HAYD HEAD HILS HTG HUR HYR IBPO IOG INDI JHD JOG KAPE KEYS KCT KGH LAM LIT LOK MACF MANO PCA PANR PXC PHC PMO RBW RMM REDD RSW RNO RKH RBGP ROR SUS SCPA SHG SOLG SOM TWD TRAK TSG TRI VNET VTC ZOO ZTF

  • 23 Jul 19
Quarterly Research Outlook - Summer 2019

In January, we provided a list of 11 stocks for 2019 that we believed would perform strongly with attractive catalysts that could lead to material outperformance. In this Quarterly Research Outlook, we revisit these views, analysing what has happened and how the remaining six months of the year could play out.

Companies: AMS ANX ARS ATYM AVON BLVN PIER BUR CGS CAML CALL CSRT TIDE CYAN DTG DEMG ELM EMR FPO FST GTLY GENL GRI GEEC GKP HMI HAYD HEAD HILS HTG HUR HYR IBPO IOG INDI JHD JOG KAPE KEYS KCT KGH LAM LIT LOK MACF MANO PCA PANR PXC PHC PMO RBW RMM REDD RSW RNO RKH RBGP ROR SUS SCPA SHG SOLG SOM TWD TRAK TSG TRI VNET VTC ZOO ZTF

  • 11 Apr 19
Quarterly Research Outlook

We’re just over three months in to 2019 and we’ve seen a 10% UK market rally, retracing much of the Q4 decline, such is the nature of fickle market sentiment. That said, many of the issues we wrote about three months ago that were impacting markets remain: notably Brexit, trade wars, geopolitics and global monetary policy. The 2019 rally thus far feels somewhat fragile, with competing forces of optimism on a potential trade deal which could underpin the rally, against the deterioration in underlying economic data that could ultimately undermine the recent market gains. In this context, we look at what the lead indicators and the market are telling us about the industrial cycle and the stocks most exposed to various industrial trends. The Q4 derating in short cycle industrials and autos had been vicious and while these sectors have seen a more solid footing in 2019, with earnings downgrades being priced in, it will likely take a trough in lead indicators before short cycle stocks can start to perform again and re-rate relative to the market.

Companies: ARS CYAN HYR LIT SOM ABBY AMS AMER ANX ATYM AVON BLVN PIER BUR CGS CAML CALL CSRT TIDE DTG DEMG EMR FPO FST GTLY GENL INCE GRI GEEC HDY HMI HAYD HEAD HILS HTG HUR IBPO INDI JHD JOG KEYS KCT KGH LAM LOK MACF MNO MANO MOD MKLW OXIG PCA PANR APP PXC PHC PMO RBW RMM REDD RSW RNO RKH RBGP ROR SUS SCPA SHG SOLG TRAK TRI VNET VTC ZOO ZTF

  • 11 Apr 19
Quarterly Research Outlook

We’re just over three months in to 2019 and we’ve seen a 10% UK market rally, retracing much of the Q4 decline, such is the nature of fickle market sentiment. That said, many of the issues we wrote about three months ago that were impacting markets remain: notably Brexit, trade wars, geopolitics and global monetary policy. The 2019 rally thus far feels somewhat fragile, with competing forces of optimism on a potential trade deal which could underpin the rally, against the deterioration in underlying economic data that could ultimately undermine the recent market gains. In this context, we look at what the lead indicators and the market are telling us about the industrial cycle and the stocks most exposed to various industrial trends. The Q4 derating in short cycle industrials and autos had been vicious and while these sectors have seen a more solid footing in 2019, with earnings downgrades being priced in, it will likely take a trough in lead indicators before short cycle stocks can start to perform again and re-rate relative to the market.

Companies: ARS CYAN HYR LIT SOM ABBY AMS AMER ANX ATYM AVON BLVN PIER BUR CGS CAML CALL CSRT TIDE DTG DEMG EMR FPO FST GTLY GENL INCE GRI GEEC HDY HMI HAYD HEAD HILS HTG HUR IBPO INDI JHD JOG KEYS KCT KGH LAM LOK MACF MNO MANO MOD MKLW OXIG PCA PANR APP PXC PHC PMO RBW RMM REDD RSW RNO RKH RBGP ROR SUS SCPA SHG SOLG TRAK TRI VNET VTC ZOO ZTF

Research, Charts & Company Announcements

Research Tree provides access to ongoing research coverage, media content and regulatory news on Hunting. We currently have 34 research reports from 2 professional analysts.

Open
N/A
Range Today
N/A
52 Week
297/657p
Daily Volume
N/A
# Shares
166.9m
Daily Liquidity
(0.34%)
Pension Liability
£0m
Enterprise Value
£736.3m
Market Cap
£508.8m
Latest PE (hist)
7.28
Div Yield
1.88

Latest News/RNS

(more news)
Date Source Announcement
21Feb20 07:00 RNS Acquisition of Enpro Subsea Limited
06Feb20 16:37 RNS TR-1: Notification of Major Holdings
06Feb20 10:06 RNS TR-1: Notification of Major Holdings
23Jan20 07:00 RNS Directorate Change
19Dec19 14:45 RNS TR-1: Notification of Major Holdings
19Dec19 10:30 RNS Directors Shareholding/PDMR
17Dec19 10:00 RNS Director Declaration
Get free RNS email alerts

  • Frequency of research reports

     

  • Research reports on

    Hunting

  • Providers covering

    Hunting

  • 18 Feb 20
LIBERUM: Sylvania Platinum* - Dislocation from record prices

Sylvania Platinum is trading at extremely cheap levels, just 0.9x adjusted EV/EBITDA on spot. The market clearly feels nervous about the rapid rise in the underlying commodities, palladium and rhodium.

Companies: Sylvania Platinum
  • 19 Feb 20
LIBERUM: CEO Video: Jaco Prinsloo, Sylvania Platinum*

In these five short videos incoming Sylvania Platinum CEO, Jaco Prinsloo discusses his recent appointment as CEO, the challenges for everyone regarding the power situation in South Africa, dump material life spans and spot prices, the current palladium and rhodium markets and his preferred use of surplus cash. Click below to watch the videos.

Companies: Sylvania Platinum
  • 17 Feb 20
Cenkos: Oil & Gas - Providence Resources, BP, Empyrean Energy, Coro Energy, 88 Energy, Premier Oil, Kosmos Energy, Tullow Oil, Karoon Energy, Tethys Oil, FAR, SDX Energy, Serinus Energy.

Oil clinched the best weekly gain for the year on signs the worst economic impacts of the lethal viral outbreak have been accounted for, easing concern about free-falling demand for crude. Futures advanced 1.2% in New York on Friday, settling above $52 for the first time this month. Investor confidence was lifted after China reassured the international community that a huge spike in new coronavirus cases was a one-off event. The optimism outweighed Goldman Sachs Group Inc. slashing its 2020 crude-demand growth forecast almost in half and lowering its first-quarter oil-price estimate by 16%. The Organization of Petroleum Exporting Countries and its allies have signalled a desire to stabilize the oil market that has tumbled almost 15% this year as the coronavirus wreaked havoc on the world's second-largest economy and beyond. The past two weeks have been rife with uncertainty for oil markets as Riyadh's push for an early meeting in February and fresh production cuts face an impasse with Russia. OPEC and its allies were close to abandoning any plans for an emergency meeting though Saudi Arabia had not given up on the proposal outright, several delegates from the group said on Friday. The outbreak has intensified concerns about crude demand, prompting technical experts from the coalition to propose deepening the current supply cuts by 600,000 barrels a day to relieve excess inventories. Chinese independent refiners have seized on the recent slump in oil prices to bulk up on cheap cargoes in a sign that they may be positioning for an eventual rebound in demand. West Texas Intermediate crude for March delivery gained 63 cents to settle at $52.05 a barrel on the New York Mercantile Exchange. Brent for April settlement rose 1.7% to settle at $57.32 on the ICE Futures Europe exchange. The structure of the Brent futures market also flipped into a backwardation, signalling that some of the oversupply may have eased. Meanwhile, Kuwait and Saudi Arabia will resume oil production from their shared fields this month, more than five years after a dispute halted supply. The projects will bring additional production capacity to an oil market that's already dealing with excess supply.

Companies: TPL KOS SENX PVR BP/ CORO EME PMO SDX TLW 88E

  • 20 Feb 20
Diversified Gas & Oil - Strong hedging programme supporting cash flows

Diversified Gas and Oil (DGO) has announced its Q319 and Q419 production, which averaged 91.1kboed and 96.3kboed in each quarter. DGO's Smarter Well Management programme continues to offset the company’s Legacy assets’ natural declines, delivering Q419 average production above 70kboed. DGO also presented an updated hedging book that covers c 85% of its natural gas production for 2020 at an average price of c $2.70/mmBtu. Hedging has been part of DGO’s strategy, and the company reaffirms its focus on opportunities to increase its hedging and protect future cash flows from natural gas price decreases. The company’s share buyback programme is ongoing. We update our valuation to 150.6p/share, from 157.2p/share (-4%), affected by a decrease in short-term gas price assumptions compared to our last note.

Companies: Diversified Gas & Oil
  • 19 Feb 20
Quadrise Fuels International - Pursuing opportunities in multiple sectors

Over the last two and a half years Quadrise Fuels International has reduced its dependence on individual projects by building up a global network of partner companies, which are identifying and progressing commercial opportunities involving the production and supply of MSAR. Quadrise’s H120 pre-close trading update summarises recent developments in each of the group’s key sectors: utility generation; industrial applications; marine bunker fuel; and as an alternative fuel in upstream heavy oil production operations.

Companies: Quadrise Fuels International
  • 02 Sep 19
LIBERUM: Sylvania Platinum* - Results beat, Grasvally disposal but light on dividend

Sylvania has reported FY19 results (June Y/E) of $6.37/sh versus expectations of $5.95/sh due to a lighter tax expense than assumed. They have entered into a binding agreement to sell Grasvally for R115m ($7.6m at current FX), which should be settled in the next eight months.

Companies: Sylvania Platinum
  • 27 Jan 20
WHI First Light: Jersey Oil & Gas, WEY Education and Journeo

Jersey Oil & Gas (JOG) – Corporate – Acquisition and Corporate Update Market Cap £30.2m Share Price 137.5p Jersey has this morning announced that it has agreed terms to acquire the 70% of Licence P2170 held by Equinor for a contingent consideration. As a result of the acquisition, subject to normal completion conditions, Jersey will hold 88% of the licence and become operator. The licence contains the company's Verbier discovery in addition to exploration prospectivity. The contingent consideration will consist of i) $3M upon OGA sanctioning a field development plan for Verbier ii) $5M upon first oil from Verbier and iii) royalty payments (ranging from 5% to 2% in respect of 70% of the oil produced from the acquired block) on the first 35 million barrels produced from the block. Wey Education (WEY) – Corporate – Appointment highlights heavy-weight strategy Market Cap £18.2m Share Price 14.85p Friday's announcement that Dr Sara de Freitas is to be appointed to WEY's executive team as Executive Director of Education highlights the company's long-standing commitment to educational quality and fostering engagement at a time when it has already flagged that it plans to grow and develop the management team. We read the appointment of a heavy-weight educationalist such as Ms de Freitas, with significant and long-term experience, as a further reflection of the strategy of growing the core business, with the Board keen to push forward from the company's position of strength. At the time of the final results in November, the company flagged new recruitment mechanisms which had already yielded important hires, and the announcement on January 24th appears well-aligned to the company's strategy and objectives. Journeo (JNEO) – Corporate – City of Edinburgh Bus Station order Market Cap £4.6m Share Price 56p Journeo is a specialist provider of both on and off-vehicle tailored solutions to the transport community. This morning, the company has released an RNS confirming receipt of its first tranche of work under the £4.8m City of Edinburgh Council bus station contract that was announced in December 2019.

Companies: JOG JNEO WEY

  • 17 Feb 20
Rubies and Emeralds in Africa

Gemfields is a unique business offering exposure to high-value coloured gemstones and a recovering luxury goods brand. The company has been comprehensively repositioned from its previous existence as multi-commodity investor Pallinghurst, and is now re-engaging with international investors following its admission to AIM. The company’s world-class ruby and emerald mines are both in steady state operation, supported by strong markets for coloured gemstones. We see considerable upside from this point, driven by the continuing development of the mines, the potential for developing new mines, the ongoing turnaround of the Fabergé brand and, not least, the return of the business to the London market. We initiate coverage with a 42p price target.

Companies: Gemfields
  • 20 Feb 20
Diversified Gas & Oil - Strong hedging programme supporting cash flows

Diversified Gas and Oil (DGO) has announced its Q319 and Q419 production, which averaged 91.1kboed and 96.3kboed in each quarter. DGO's Smarter Well Management programme continues to offset the company’s Legacy assets’ natural declines, delivering Q419 average production above 70kboed. DGO also presented an updated hedging book that covers c 85% of its natural gas production for 2020 at an average price of c $2.70/mmBtu. Hedging has been part of DGO’s strategy, and the company reaffirms its focus on opportunities to increase its hedging and protect future cash flows from natural gas price decreases. The company’s share buyback programme is ongoing. We update our valuation to 150.6p/share, from 157.2p/share (-4%), affected by a decrease in short-term gas price assumptions compared to our last note.

Companies: Diversified Gas & Oil
  • 20 Feb 20
Weak full-year results; 2020 – a critical (transition) year

Glencore witnessed a tough 2019, with trading (yet again) being the sole support. While weakness in metal industrial was largely due to prices – which should normalise sooner or later, the issue with energy industrial (primarily coal) is more structural in nature. Although 2020 operationally may not be ‘materially’ better vs. 2019 – also due to Coronavirus uncertainties, the expected change in leadership and, hence, new strategic measures could facilitate the much-awaited stock re-rating.

Companies: Glencore
  • 21 Feb 20
Rockhopper Exploration

Model update

Companies: Rockhopper Exploration
  • 06 Nov 19
LIBERUM: Ceres Power - Clean hydrogen announcement, forthcoming CMD, sector M&A

Ceres has made a strategically important RNS this morning indicating it has launched its first hydrogen fuel cell system giving customers a zero carbon option system looking forward in addition to its low carbon natural gas systems - one of two areas we hoped it would develop into. Our note today explains the merits of having a fuell cell system designed specifically to work with clean hydrogen, flags next week's CMD at the new Redhill facility and Liberum's December's conference at Liberum and highlights the reasons why the hydrogen/FC sector has been booming.

Companies: Ceres Power
  • 20 Feb 20
Cenkos: Falcon Oil & Gas Ltd -- Drilled, Cased and Completed

Falcon Oil & Gas, along with its partner Origin Energy have announced the successful completion of the Kyalla 117 N2-1H ST2 well. The 1,579m lateral section drilled within the Lower Kyalla shale, has been successfully cased and cemented, thereby de-risking the operational challenges encountered by the initial horizontal well. At 1,579m, the lateral section is above the initial 1,000m pre-drill estimate, providing the Company with sufficient lateral length to optimise both the location of the frac's and the subsequent flow rates. Results obtained to date have been encouraging, with the well encountering good reservoir continuity, conductive natural fractures and continuous gas shows. Preparatory work, including the drilling of water impact monitoring boreholes will commence in the coming month ahead of fracture stimulation and production testing.

Companies: Falcon Oil & Gas
  • 04 Sep 18
H2 2018

Graphite is an allotrope (a chemically similar, structural modification of carbon), exhibiting both metallic and non-metallic properties which favour a vast number of end-use markets. Further to traditional steel manufacturing, the unique qualities of graphite, including very high thermal and electrical conductivity, lend itself to innovative battery and emerging technologies.

Companies: VRS HAYD SYR TON KNL MNS NGC FMS LLG TLG

  • 25 Nov 19
LIBERUM: SolGold* - Derisking events and catalysts ahead

SolGold's share price has been under pressure over the past six months from a combination of a difficult macro backdrop in Ecuador, lower copper prices and the need for a financing solution to fund planned expenditures on exploration and the PFS. However, near-term funding concerns should be addressed before year-end with a small raise sufficient to finance the PFS, of which the company has a variety of options at its disposal.

Companies: SolGold