logo-loader

Risers & Fallers: KAZ Minerals, Anglo Asian Mining, Corero Network Security, Tri-Star Resources...

Last updated: 15:32 22 Sep 2015 BST, First published: 10:02 22 Sep 2015 BST

Risers & Fallers: Swallowfield, Sphere Medical, Billington Holdings, Unitech Corporate Parks...

Below are the main news-driven share price movenements at 3.30pm.

RISERS

Anglo Asian Mining (LON:AAZ) up 10.5%. The firm revealed improving financials in the first half thanks to robust gold production from the Gedabek mine in Azerbaijan.

Corero Network Security (LON:CNS) up 4%. The company The security company announcethe sale of one of its SmartWall Threat Defence Systems to a regional US service provider for US$700,000.

 

FALLERS

KAZ Minerals (LON:KAZ) down 21.8%. Credit Suisse wielded the axe on the mining sector today, with Glencore among the victims. The broker slashed its target price to 150p from 235p and put a ‘neutral rating’ from ‘outperform’ on the stock.

Porta Communications (LON:PTCM) down 12.2%. The company generated cash for the first time in its latest half year as organic sales rose by 17% and underlying profits jumped by two-thirds, though heavy depreciation and amortisation meant a pre-loss of £1.42mln.

Tri-Star Resources (LON:TSTR) down 8.9%. First half losses widened to £1.6mln from £767,000 a year ago as it focuses on its Oman project. It also appointed Guy Eastaugh as chief executive and announced it has awarded 245mln new share options at 0.11p to certain directors and consultants.

 

Below are the main news-driven share price movements at 1pm.

RISERS

Swallowfield (LON:SWL) up 9.6%. The beauty products maker reported a 62% rise in pre-tax profit to £810,000 from £500,000 as it re-instated its dividend policy.

Sphere Medical (LON:SPHR) up 5.7%. The company said it has begun a “number of discussions” with potential partners that would help with the roll out of its breakthrough Proxima blood monitoring device.

Billington Holdings (LON:BILN) up 5.5%. The management services firm beat market expectations in the first half of the year, with pre-tax profit more than doubling to £1.7mln from £790,000 in the same period of the year before.

 

FALLERS

Unitech Corporate Parks (LON:UCP) down 15.7%. The investment company said it is still waiting to receive the funds from the sale of its subsidiary Candover Investments. When it gets the funds, it will deliver it to shareholders, the company said.

Antrim Energy (LON:AEY) down 10.8%. The oil & gas explorer said Kosmos was leaving its FEL 1/13 project. Antrim said it would work with Kosmos and the Irish authorities to determine how best to move the asset forward.

Glencore (LON:GLEN) down 8.7%. Broker Credit Suisse wielded the axe on the mining sector today, with Glencore among those to have its target price slashed.

 

Below are the main news-driven share price movements at 10am.

RISERS

Arian Silver (LON:AGQ) up 64.8%. The Mexican metal miner has taken a step towards securing up to US$10mln of extra funding, boosting its shares. Arian has signed a letter of intent to extend its US$16,452,343 senior secured convertible note with Quintana AGQ Holding Co by US$10mln.

Progility (LON:PGY) up 12.8%. Pre-tax profit nudged higher to £510,000 in the 12 months to June 30, from £430,000 the year before, as turnover rocketed to £60mln from £39mln.

One Media (LON:OMIP) up 10%. The copyright litigation process has now finished and it has won its case against Henry Hadaway HHO Licensing and Henry Hadaway Organisation for the wilful infringement of 1,466 recordings from the Point Classics catalogue owned exclusively by One Media.

 

FALLERS

Europa Oil & Gas (LON:EOG) down 20%. The firm will retain 100% of its exploration licences offshore Ireland, after partner Kosmos decided to withdraw from the venture, comprising licences FEL 2/13 and FEL 3/13 in the Porcupine Basin.

Pittards (LON:PTD) down 18.3%. The leather manufacturer warned current trading is below expectations in a "depressed" leather industry. This is despite pre-tax profit doubling to £600,000.

Premaitha Health (LON:NIPT) down 13.1%. The company reported widening pre-tax losses of £6.8mln for the year to March 31, from £1.5mln the year before, due to costs related to its reverse takeover and relisting on AIM. It also inked a deal with a private laboratory group in Chile for its non-invasive prenatal screening test IONA.

Oriole Resources outlines 2023 achievements and future exploration plans

Oriole Resources PLC (AIM:ORR) CEO Tim Livesey and chief financial officer Bob Smeeton join Proactive's Stephen Gunnion with details of the company's 2023 financial and operational performance. Livesey highlighted successful exploration programs in Cameroon, at the Bibemi and Mbe projects,...

3 hours, 7 minutes ago