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Risers and Fallers: Condor Gold, Monitise, Amec Foster, Caza Oil...

Last updated: 16:00 04 Mar 2016 GMT, First published: 09:30 04 Mar 2016 GMT

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Major share price movers in London at 4pm

RISERS

Monitise (LON:MONI) up 37% to 2.98p. Investors excited by early stage discussions to sell off its Markco Media arm.

Amec Foster Wheeler (LON:AMFW) up 13% to 489.3. Contractor awarded a contract with the US Air Force with an aggregate value of $500mln.

Condor Gold (LON:CNR) up 8% to 45.8p. Gold miners rally as gold hits bull market for first time in five years. Condor is based in Nicaragua at La India

FALLERS

SeaEnergy (LON:SEA) down 38% to 2.24p. Main subsidiary R2S is up for sale after work from oil companies dries up due to slide in crude price. Current funding set to run out in May.

Caza Oil & Gas (LON:CAZA) down 10% to 0.09. Returning to level following an unexplained surge this week. Shares on Wednesday more than doubled Tuesday's close price at their peak. Said today there was no reason for the rise

.Sweet Group (LON:CSG) down 3% to 22.5p. Finance director is to leave the building contractor. Company is looking for a replacement.


Major share price movers in London at 1.30pm

RISERS

Solgold (LON:SOLG) up 39% to 3.44p. Copper price recovery coincides with another strong exploration result from its Cascabel project in Ecuador.

Lonmin (LON:LMI) up 22% to 149p. Platinum miners leads sector higher on hopes that Chinese will introduce substantial economic stimulus package.

Mytrah Energy (LON:MYT) up 14% to 51.5p. Strong gains for second days running after solid annual results and refinancing to cut Indian wind power utility’s finance costs.

FALLERS

LGO Energy (LON:LGO) down 22% to 0.31p. Agreement with its lender, BNP Paribas, which sees its debt repayment reduced. The scheduled payment for March is reduced to US$100,000, and after that the remaining balance will be recovered over the following 18 months.

Cobham (LON:COB) down 4% to 230.9p. Barclays Capital cut its price target to 270p from 330p, at the same time JP Morgan Cazenove downgraded the British engineering group to ‘neutral’ from ‘overweight’.

Schroders (LON:SDR) down 3% to 2,671p. Fund manager under fire for flouting corporate governance rules as it appoints outgoing chief executive as new chairman.


Major share price movers in London at 9.30am 

RISERS

Industrial Multi Property Trust (LON:IMPT) up 23% to 142p. Portfolio rises in value by 2.1% to £81.6mln and NAV by 19% to 261p. Occupancy at 89.3%.

Amur Minerals (LON:AMC) up 22% to 8.09p. Amur Minerals has signed an outline agreement with the Russian government's Far East and Baikal Region Development Fund that could expand the financing options for its flagship Kun-Manie nickel sulphide project in the east of the country.

Hurricane Energy (LON:HUR) up 19% to 13.3p. Junior oil explorers buoyed by rally in Brent oil price this week to US$37 per barrel.

FALLERS

Edge Resources (LON:EDG) down 64% to 0.18p. Canadian oil explorer has decided to de-list from AIM on 15 March. The Canadian venture market listing will remain.

UMC Energy (LON:UEP) down 63% to 0.1p. Another AIM de-lister as 41% shareholder Natasa Mining will not pay costs any more while there is little chance of raising new equity finance. Shares will not be traded on any market follow de-listing.

 

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