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Risers and fallers: Next, Sirius Minerals, Victoria Oil & Gas

Shares in Victoria Oil & Gas were up after it spudded two development wells at its Logbaba gas field in Cameroon
gas flare
The wells are designed to move 'proven and probabl'e reserves into the more certain 'proven' category

Some of the main news-driven share price changes at 3.30pm.

RISERS

Legendary Investments plc (LON:LEG), up 52% to 0.32p. Legendary has a 7% stake in a company that has just signed a deal to supply technology to the NHS that will help improve the service’s efficiency.

Indivior PLC (LON:INDV), up 17% to 368.7p. Decent set of third quarter results showed increase in net revenue, adjusted operating profit and adjusted net income.

Victoria Oil & Gas plc (LON:VOG), up 12% to 35.8p. Told investors today that it has spudded two development wells at its Logbaba gas field in Cameroon.

 

FALLERS

Bluerock Diamonds Plc (LON:BRD), down 25% to 5.1p. Share price fell after it announced it was raising £675,000 through a placing of 16.9mln shares at the discounted price of 4p.

Abzena plc (LON:ABZA), down 14% to 34.1p. Gilead Sciences is dropping simtuzumab and GS-5745, two products that were created using Abzena’s Composite Human Antibody technology.

 

Sirius Minerals PLC (LON:SXX), down 8% to 34.1p. Announced today that it has made the breakthrough in financing the build of its fertiliser mine in North Yorkshire.

 

 

Some of the main news-driven share price changes at 11.15am.

RISERS

Prairie Mining Ltd (LON:PDZ), up 16% to 26.6p. Prairie has signed a “landmark” deal with China Coal – the second largest coal miner in China – to advance the financing and construction of Prairies Jan Karski mine in Poland.

G4S PLC (LON:G4S), up 9% to 239.5p. The security specialist gave an update reaffirming a decent 2016 so far. Revenues are up, £2bn worth of new contracts have been secured, while earnings and operating cash flow have seen double-digit growth.

Next Plc (LON:NXT) up 4% to 5,005p. Despite a fall in full-price sales, the UK retailer reaffirmed its forecast that profits will come in at £805mln for this year.

 

FALLERS

Caledonia Mining Corporation (LON:CMCL), down 10% to 119p. Expects to meet market expectations for revenue but not for profit for 2016, after a fall in the average grade at its Blanket gold mine in Zimbabwe.

JD Wetherspoon plc (LON:JDW),down 6% to 835.5p. Current debt level is 3.5 times EBITDA, well above what the board has called a “sensible” benchmark of 0 to 2 times EBITDA. Other than that, sales were strong in the past three months, while well-known Brexiter and Wetherspoon chairman Tim Martin couldn’t resist a referendum-focused rant. 

 

 

Some of the main news-driven share price changes at 9.15am.

RISERS:

Sound Energy PLC (LON:SOU), up 7% to 84.5p. The gas explorer said the flow rate from its second well on the Tendrara licence area, Morocco, was “significantly better than estimates”.

Allergy Therapeutics plc (LON:AGY), up 6% to 23.5p. Strengthened its core intellectual property after the European Patent Office granted it a broad technology patent for its Microcrystalline Tyrosine (MCT) depot adjuvant manufacturing process.

 

FALLERS:

Pires Investments PLC (LON:PIRI), down 20% to 3p. Raising £25,000 by issuing 17.5mln new shares at a significantly discounted 3p per share.

Sareum Holdings Plc (LON:SAR), down 10% to 0.95p. Full year results out today were pretty much a confirmation of old news, so it looks like some investors were just looking to take some of their recent gains.


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