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Risers and Fallers - Stratex Resources, Goldstone Resources, RBS and Tlou Energy

Last updated: 16:00 28 Apr 2016 BST, First published: 09:18 28 Apr 2016 BST

RisersAndFallers-(Resized)_5721c7c544dff

Some major movers at around 3.30 pm on Thursday.....

RISERS

Big Data software specialist WANdisco PLC (LON:WAND) regained some of its glamour stock status, rising over 20% to 217.5p on the back of an original equipment manufacturer sales partnership with Big Blue, otherwise known as IBM.

Tlou Energy (LON:TLOU), up 23,08% to 4p each. Reports reported sustained gas flows from testing at its Lesedi coal bed methane prospect in Botswana. A sustained gas flow has been achieved at Selemo 1, one of three wells being tested. “This is a significant milestone and a key step in the process of achieving an economic flow rate."

Stratex Resources (LON:STI), up 14.63% to 2.35p as Goldstone Resources (LON: GRL),  in which it holds 33.45% revealed Red Rock Resources and Metal Tiger will jointly acquire Unity Mining Ltd's 19.29% shareholding for £225,000.

Fallers

Harvey Nash (LON:HVN) down 8% to 71.9p. Currency headwinds held back results and in the UK the final quarter was affected by weaker business confidence, a slowing economy and fears over Brexit says recruiter. Profit rose by 7% to £9.1mln.

Oxford Biomedica down 5% at 5.76. Losses rise to £13mln in 2015. Chief executive says prospects for business in 2016 are excellent for the gene therapy group.

Royal Bank of Scotland PLC (LON:RBS) down 3% to 244.9p. State-owned bank puts back sale of Williams & Glyn’s division again. Results tomorrow and they may not be good.

 

Some major movers at around 1pm on Thursday.....

RISERS

Goldstone Resources (LON:GRL) up 65% to 2.72p. One deal accounts for three of the risers with Metal Tiger and Red Rock Resources taking on Aussie group Unity’s 19.3% stake in the African gold explorer.

Red Rock Resources (LON:RRR) up 10% 0.52p. Partners Metal Tiger in deal to buy stake in Goldstone Resources.

Tullow Oil (LON:TLW) up 8% to 274p. New offtake arrangement for Jubilee field to kick in over the next few days. New production guidance will be issued once production has stabilised but unlikely to affect cashflow.

FALLERS

Andalas Energy and Power PLC (LON:ADL) down 73% to 0.31p. Farm-in to Tuba Obi East funded by a placing at 0.2p per share. The £2.6mln raised will fund work programme. Deal is classified as a reverse takeover.

Herencia Resources PLC (LON:HER) down 47% to 0.025p. Next Minerals withdraws from proposed acquisition of Picachos project for up to US$5.125mln. Company has sufficient working capital to last until early May 2016.

Amphion Innovations Plc (LON:AMP) down 8% to 4.01p. Intellectual property group draws down a further US$1.77mln from loan facility secured on its share stakes in Motif Bio and Kromek. 


Some major movers at around 9am on Thursday.....

 

RISERS

Prospex Oil and Gas  (LON:PXOG), up 20.69% to 1.75p as it revealed that Hutton Poland Limited, in which it holds a 49% interest,  has now been formally awarded the Kolo License.

The Boleshaw prospect on the Kolo Licence is ready for drilling, with a drill location determined and licence award will allow Hutton to enter into the final stages of preparing to drill the first well, which is anticipated to be drilled this year.

Avocet Mining PLC (LON:AVM), up 17.5% to 4.70p as it revealed first quarter production increased by 18% to 20,528 gold ounces, which also meant that cash costs were lower at US$925 per ounce, down from US$1,094 per ounce in Q4 2015, and US$1,058 per ounce for the full year 2015.

Northcote Energy (LON:NCT), up 7.69% to 0.04p after  it said it would take a 3.75% working interest in Andalas Energy & Power Plc’s (LON:ADL) Tuba Obi East project, in Indonesia.

"Indonesia is a prolific oil and gas region, and I am delighted to have secured Northcote’s entry into the country’s highly attractive gas and gas to power markets through the acquisition of a 3.75% WI in TOE,” Randall Connally, Northcote managing director had said.

FALLERS

Arian Silver Corporation (LON:AGQ) dropped over 12% to 1.03p as it raised £700,000 in a discounted placing to further advance exploration in Zacatecas state.

Zoo Digital Group PLC (LON:ZOO) dropped 20.83% to 9.50p as the market did not welcome its trading update. Revenue for the year to end March is expected to be around  $11.6m (2015: $11.5m).  As previously announced, the company suffered disruption to its business caused by the acquisition of one of its largest customers, it told investors.

Lloyds (LON:LLOY) fell 3.68% to 66.70p as  first quarter profits dropped 46% as market volatility and other issues took their toll. Pre-tax profits were £654mln against £1.2bn a year ago due partly to the £790mln impact of redeeming a tranche of investor bonds known as "enhanced capital notes".

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