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Risers & Fallers: Minoan PLC, Forbidden Technologies PLC, Cambian PLC ...

Main share price risers and fallers in London at 4.15pm
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Swedish collaboration gives Scancell a boost

Main share price risers and fallers in London at 4.15pm.

RISERS

Minoan Group plc (LON:MIN) up 27% to 12.87p. The president of the Hellenic Republic of Greece has issued a presidential decree meaning planning rules for the group's project in Crete are not enshrined in law.

Tlou Energy Ltd (LON:TLOU) up 7% to 3.9p. The company reported upbeat interim results, progress at its sites and the possibility of offtake deals for its porjectBotswana.

Forbidden Technologies PLC (LON:FBT) up 7% to 9.25p. The group agreed a deal to supply its Forscene training tool to the South African Government, its first South African public sector sale.

FALLERS

Cambian Group PLC (LON:CMBN) down 14% to 70.5p. Results for year ended December 2015 are forecast to be lower than expected and the group will fail to comply with financial convenants. It has however agreed to temporary waiver with its lenders.

Nyota Minerals Ltd (LON:NYP) down 8% to 0.08p. Shareholder activism was adversely impacting the board's ability to progress with any meaningful investments, meaning the termination of a potential new business opportunity earlier this week.

Gulfsands Petroleum PLC (LON:GPX) down 16% to 5.75p. The oil and gas group noted the rise in share price yesterday but was "not aware of any reason for this movement".


Main share price risers and fallers in London at 12.30pm

RISERS

Nighthawk Energy PLC (LON:NHK) up 88% to 2.62p. Regulatory approval for the Arikaree Creek water flood project. Potential oil-in-place in the US field is 16.6mln barrels. Final approval needs 80% agreement from non-working interest owners.

Petrel Resources (LON:PET) up 26% to 3.47p. Investors encouraged by plans outlined by Providence Resources, which has licences in similar region of offshore Ireland to Petrel’s assets.

Marshalls (LON:MSLH) up 7% to 322.7p. Profits jump 57% as margins climb sharply, while paving stones supplier also pays a special dividend.

FALLERS

Starcom (LON:STAR) down 23% to 1.25p. Wireless tracking systems group saw losses ease but gross margins contract by 10%.

ECR Minerals (LON:ECR) down 13% to 0.024p. To draw down on a convertible financing deal so it can further assess immediately the recently acquired Avoca and Bailieston gold projects in Victoria, Australia.

Old Mutual (LON:OML) down 2.3% to 180p. South African Life insurer to split into four parts:  Old Mutual Emerging Markets, Old Mutual Wealth, Nedbank Group and OM Asset Management.


Main share price risers and fallers in London at 9.45am

RISERS

First Quantum Minerals (LON:FQM) up 15% to 380p. On the rise again after yesterday announcing the sale of its Kevista mine in Finland for US$712mln cash.

Onzima Ventures (LON:ONZ) up 14% to 1p. Investment company paid £45,000 for a stake in Regency Mines yesterday.  A Horse Hill consortium member, Regency raised £400,000 to fund its drilling commitments at the oil site near Gatwick.

Scancell (LON:SCLP) up 6% to 18.6p. Cancer drug developer is teaming up with Sweden’s leading research organisation, Karolinska Institutet -  a collaboration that may aid the development of one of its two breakthrough technologies.

FALLERS

Alpha Pyrenees Trust PLC (LON:ALPH) down 90% to 0.01p.  French property trust has sold most of its properties and is reorganising the rest. Negative net asset value and shareholders should not expect any money back.

Stanley Gibbons PLC (LON:SGI) down 27% to 27.2p. Collectibles group is "very close to concluding the terms of an equity fundraising of approximately £13mln by the issue of new ordinary shares at a price of 10p," it said today.

Lightwaverf PLC (LON:LWRF) down 19% to 16p. Losses rise but remote lighting specialist says current order book is worth £1mln and progress should be good in 2016.

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