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Proactive news snapshot: Summit Therapeutics , Minds + Machines, Itaconix, Accesso Technology …

A glance at some of the day's highlights from the Proactive Investors newswire
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Shares in Summit Therapeutics PLC (LON:SUMM,NASDAQ:SMMT) shot up by a third after it released encouraging data for its treatment for Duchenne Muscular Dystrophy (DMD). The interim results for the PhaseOut study revealed a “statistically significant and meaningful” reduction in muscle damage in patients taking the company’s treatment, ezutromid.

Internet domains specialist Minds + Machines Group Ltd (LON:MMX) expects underlying earnings to be slightly ahead of expectations for 2017 after a strong second half.

Itaconix Plc (LON:ITX) has licensed out non-core polymers it has developed to tremco-illbruck, a sealant and boding specialist. The technology will be used to improve tremco’s construction sealants.

Accesso Technology Group PLC (LON:ACSO) expects adjusted underlying earnings (adjusted EBITDA) to be “substantially ahead of expectations” when it reports its full-year results for 2017 in March.

Metal Tiger PLC (LON:MTR) has updated investors on the joint venture with MOD Resources Limited (ASX:MOD) in Botswana where a prefeasibility study, for the T3 Open Pit project, is due to be completed in the coming days.  At the same time, it added that a major regional exploration programme is also underway focussing on targets outside the T3 area.

Ergomed Plc (LON:ERGO) posted another year of strong top-line growth and said 2018 is shaping up to be another bumper 12 months. The pharma services and drug development company posted total sales of £47mln, up 21%, while net service revenues were ahead 35% at £39mln.

Asia-Pacific online gaming and media group PCG Entertainment Plc (LON:PCGE) has settled with its former boss, bringing to an end a ten-month legal battle.

Haydale Graphene Industries PLC (LON:HAYD) has reported a sharp pick-up in interim sales helped by the separation of its business into two units.

The fourth quarter was the best of the year for sales of Revolution, the flagship product of portfolio analytics services provider StatPro Group PLC (LON:SOG).

Trading and risk management software provider Brady Plc (LON:BDY) continues to make rapid progress in its transition to a SaaS model, with recurring revenues accounting for two-thirds of group revenues in 2017.

Bacanora Minerals Ltd (LON:BCN) has filed the technical report for its feasibility study on the Sonora lithium project in Mexico.

Cabot Energy Plc (LON:CAB) chief executive Keith Bush has told investors that the Canada focussed oil firm’s evolution into a significant producer starts now. The company, which recently bought-out its Canadian partner to take 100% of its oilfield assets, revealed that production averaged 827 barrels of oi per day through the first half of January, and output for 2017 averaged 400 bopd.

Papua Mining PLC's (LON:PML) first drilling at the Plateau prospect in Australia has reinforced its view the prospect is geologically similar to the nearby Mt Wright gold mine. Plateau is in the vicinity of a number of major gold deposits such as Mt Leyshon, Pajingo, Mt Wright and Ravenswood, said David Price, chief executive, and it is seeing similar geological, geochemical and geophysical characteristics to those operations.

African Battery Metals PLC (LON:ABM) is set to kick off an exploration programme at its recently acquired cobalt-copper properties in the Democratic Republic of Congo. Back in December, Sula Iron & Gold – as ABM was then known – acquired the rights to 70% of a cobalt-copper licence in the DRC called Kisinka and an option over a second licence called Sakania.

Vast Resources PLC (LON:VAST) shares soared early on Thursday afternoon after the junior miner refinanced its debts. The AIM-quoted company said it has received an off-take offer from Mercuria Energy Trading for 100% of the copper and zinc concentrate produced at Vast’s Manaila and Baita Plai polymetallic mines in Romania.

Europa Oil & Gas Holdings Plc (LON:EOG) has announced the appointment of a new chairman, with Simon Oddie to replace Colin Bousfield. Also, the company has also hired former Petroceltic boss Brian O’Cathain as a non-executive director.

Xtract Resources PLC (LON:XTR) has given investors an update on its contracted alluvial mining operations at the Manica concession, in Mozambique, for the quarter ended December 31, a period in which the operation worked through some teething problems.

Strategic Minerals Plc (LON:SML) (USOTC:SMCDY) has announced that its Ebony Iron Pty Ltd subsidiary has completed the binding exchange of contracts for the acquisition of Leigh Creek Copper Mine Pty Ltd from Resilience Mining Australia Pty Ltd for a total consideration of AS$3.00mln (approximately £1.71bn).

Savannah Resources Plc (LON:SAV) has strengthened its lithium management team as it develops its Mina do Barroso lithium project in Portugal.


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