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Risers & Fallers: Stratmin Global, Summit Therapeutics, Superglass, Mitie Group, InternetQ and more

Last updated: 16:00 23 Nov 2015 GMT, First published: 09:35 23 Nov 2015 GMT

Loharano

Below are the main news-driven share price movements at 4pm.

RISERS

Summit Therapeutics (LON:SUMM) up 20%. The pharma group has reported ‘outstanding’ results in the phase II trial of ridinilazole, its new C.difficile (CDI) treatment.

Stratmin Global (LON:STGR) up 10.3%. London's only listed graphite production and exploration company reported further success in its on-going exploration programme.

Superglass (LON:SPGH) up 10%. The glass fibre insulation manufacturer said four of its directors bought a total of 958,000 shares in the company on Friday, at 2.40p a pop.

 

FALLERS

Mitie Group (LON:MTO) down 8.7%. The company posted a 12.1% fall in its half-year pre-tax profits to around £50mln as its healthcare division struggled due to tough market conditions.

InternetQ (LON:INTQ)down 8.4%. The company said its third quarter trading update said that the B2C (digital entertainment) revenue for the nine-month period ended 30 September 2015 was €23.mln, whereas it should have stated that it was €25.9mln.

Plus500 (LON:PLUS) down 7.5%. The financial trading group and gaming industry software supplier Playtech (LON:PTEC) have axed their merger plan amid regulatory concerns.

 

Below are the main news-driven share price movements at 12.30pm.

RISERS

SolGold (LON:SOLG) up 7.1%. The Ecuadorean Ministry of Mining expects to sign an agreement with the Australian Government to promote the exchange of technical expertise and mining practices. Brisbane-based SolGold has been in Ecuador since 2012 after farming in to the Cascabel copper-gold porphyry project.

Vast Resources (LON:VAST) up 6.7%. The miner hopes to start production at its Baita Plai mine in Romania early next year after thrashing out an agreement with the state mining company.

Home Retail (LON:HOME) up 5.8%. The Sunday Times reports that the retailer is in play, with private equity firms giving it the eye.

 

FALLERS

Kainos Group (LON:KNOS) down 10.6%. The Belfast-based IT group made a £6.8mln pre-tax profit in the first half, the first results since it floated. Investec said it was a strong set of results, “however, we are conscious of the digital services gross margin mix and the upcoming Government Spending Review”.

Playtech (LON:PTEC) down 8.5%. The gaming industry software supplier and financial trading group Plus500 (LON:PLUS) have axed their merger plan amid regulatory concerns.

Fitbug (LON:FITB) down 7.8%. The firm said it has rolled out a second version of its Kiqplan app, a milestone achievement, which will provide additional revenue.

 

Below are the main news-driven share price movements at 9.30am.

RISERS

Feedback (LON:FDBK) up 20%. The company has signed a memorandum of understanding (MoU) with Alliance Medical Group to integrate its TexRAD texture analysis software in scans, with Alliance’s lung cancer imaging technology.

Falkland Oil & Gas (LON:FOGL) up 7.1%. Rockhopper Exploration (LON:RKH) and Falkland have announced the start of drilling on a well in the Falkland Islands. The well is about 2-3 miles away from the 14/20-1 Isobel Deep oil discovery.

Deltex Medical (LON:DEMG) up 6.25%. The firm has signed up two new US hospitals for its bloodflow monitoring technology to take the total to fifteen.

 

FALLERS

Iofina (LON:IOF) down 32.9%. The company said a magnitude 4.7 earthquake close to its iodine plants in Oklahoma will see a reduction in brine water supply that is the feedstock to these operations.

Alecto Minerals (LON:ALO) down 25%. The group has acquired the historic Matala and Dunrobin Gold Mines in Zambia for a total possible consideration of just shy of £2mln. Alecto will pay vendor C3W £1.54mln upfront in shares and £100,000 in cash, with a further £307,500 as a deferred consideration. A placing to raise £650,000 will fund the cash element.

Karelian Diamond Resources (LON:KDR) down 11.6%. Losses for the year to May 31 narrowed to €121,551 from €198,891 the year before, as cash in the business stood at €474,000 from €2.1mln the previous year.

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