Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors
Markets

Risers & Fallers: Provexis, Greenko, Hydrodec, Cluff Natural Resources, Anglo American

Below are the main news-driven share price movements at 3.45pm.
cash_offer,_sized.png
Two of Provexis's directors bought 4.9mln shares in the company

Below are the main news-driven share price movements at 3.45pm.

RISERS

Greenko (LON:GKO) up 35% to 2.5p. Directors agreed to issue and allot 159mln shares to shareholders by way of an initial cash return.

Hydrodec (LON:HYR) up 31.8% to 3.6p. The industrial oil refining group said the oil produced from its recently rebuilt Canton re-refinery in Ohio has achieved '500hr' oil status. This means the oil is of high enough quality to access the larger power transformer market.

Provexis (LON:PXS) up 11.1% to 0.3p. The nutrition company said two board members, finance director Ian Ford and chairman Dawson Buck, bought a total of 4.9mln shares.

 

FALLERS

Cluff Natural Resources (LON:CLNR) down 11.5% to 2.88p. the firm has now stopped all expenditure on the UK's first deep offshore underground coal gasification (UCG) plant at Kincardine in Fife, after plans were put on hold last year.

Anglo American (LON:AAL) down 9.4% to 245p. Miners were particularly hit as, overnight, Chinese trading was halted again amid fears about the country's currency, sending global markets into a tailspin. Chinese shares had plummeted as jitters engulfed markets about the speed in which the yuan (CNY) is devaluing.

 

Golden Saint Resources (LON:GSR) down 9% to 0.03p. The company said its efforts to raise around £250,000 through the crowdfunding site crowdforangels has been axed after it failed to meet the required £50,000 threshold.

 

Below are some of the main news-driven share price movements at 9am.

RISERS

Somero Enterprises (LON:SOM) up 10.5% to 131p. A revenue and earnings upgrade from the company, which it now reckons will be ahead of market expectations, helped shares this morning. Monthly sales reached an all-time high in December, boosting results.

Penna Consulting (LON:PNA) up 9.5% to 309p. Another upbeat statement, with the recruitment company saying it will beat market hopes for the year on the back of an improved third quarter.

Majestic Wine (LON:MJW) up 6% to 346p. The firm hailed evidence that its turnaround was producing results as sales rose over Christmas. The chain, which has introduced changes including ditching minimum purchases, said sales rose 42.6% in the 10 weeks to January 4 compared to a year ago.

 

FALLERS

Mobile Streams (LON:MOS) down 21.9% to 6.25p. The company has warned the devaluation of the Argentine peso will have a marked impact on revenue and profit.

Record (LON:REC) down 10.9% to 24.5p. The firm said a dynamic hedging mandate it won in September worth around US$500mln has been suspended due to a potential restructuring.

Poundland (LON:PLND) down 8.1% to 176p. Pre-tax profit for the year is expected to be at the lower-end of market expectations, after slow trading in the first half continued into the third quarter.

Jonny.jpg

© Proactive Investors 2016

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.