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Proactive news snapshot: ECR Minerals, FairFX Group, Hurricane Energy …

A glance at some of the day's highlights from the Proactive Investors newswire
Your daily round-up from the world of Proactive

ECR Minerals PLC (LON:ECR) jumped nearly 14% higher in afternoon trading on Friday after the miner said assay results of recent drilling “provide evidence of a significant near surface mineralised system” at the Blue Moon gold prospect in Central Victoria, Australia.

FairFX Group Plc (LON:FFX) said it is confident of meeting expectations for its full-year as turnover in the first half exceeded £1bn.

Hurricane Energy PLC (LON:HUR) updated investors on the development of Lancaster’s early production system, where well completion operations have now concluded. It said that both previously drilled production wells for the EPS are now ready to be tied-in to the subsea infrastructure.

PowerHouse Energy Group PLC (LON:PHE) has raised £594,030 net of expenses by via a placing and a share subscription at a price of 0.5p per share which it said will be used to further the company’s commercial activities.

Bluerock Diamonds Plc (LON:BRD) is targeting increased throughput in the second half of the financial year as it expected grades to improve at its Kareevlei diamond mine. In a production update, the AIM-listed diamond miner said production in the first half of the year was up 81% year-on-year at 73,028 tonnes, with production for the second half expected to be between 150,000-175,000 tonnes assuming no halts in production.

Echo Energy Plc (LON:ECHO) told investors that the testing rig has now been mobilised for a hotly anticipated programme planned for the group’s newly drilled wells in Argentina. First, the rig is being moved to the ELM-1004 well (drilled and suspended in May) where it will spend between two and three weeks of testing.

Stobart Group PLC’s (LON:STOB) head of finance has stepped down ahead of a crucial vote at today’s AGM that will determine who runs the Southend Airport owner. Richard Laycock, chief financial officer and executive director, will not stand for re-election at the meeting and the company has started to look for a replacement.

Alliance Pharma plc (LON:APH) announced that the Medicines and Healthcare products Regulatory Agency (MHRA) has approved the UK Marketing Authorisation Application for Diclectin, a prescription product for the treatment of nausea and vomiting of pregnancy.

Junior miner Vast Resources PLC (LON:VAST) has appointed Mark Mabhudhu, a preeminent figure in the Zimbabwean diamond industry, to the board of its wholly owned subsidiary, Vast Resources Zimbabwe.

Range Resources Ltd (LON:RRL) has updated investors on operations at the Perlak project, in Indonesia, where it is advancing a programme of well workovers. The first reactivated well, POG-D, is continuing testing as production rates are being optimised – as previously reported the well has flowed 145 barrels of high-quality light oil from one of the multiple production zones over intermittent pumping periods, over a total of 117 hours.

Cadence Minerals Plc (LON:KDNC) said Auroch Minerals has identified a fourth high-priority drill target at its wholly-owned Bonaventura project in South Australia. The AIM-listed company said Auroch, in which it holds a 6.7% equity stake, discovered the Dewrang Target following interpretation of a recently completed induced polarisation (IP) survey that confirmed the “significant exploration upside and potential of the Bonaventura project

ECR Minerals PLC (LON:ECR) announced late yesterday that Christian St. John-Dennis has resigned as a non-executive director of the company with immediate effect, in order to focus on his other business interests. The miner also confirmed that it expects to release assay results at its Blue Moon project on Friday.

Sativa Investments PLC (NEX: SATI) has moved to improve liquidity in its NEX-listed stock by agreeing to a refinement of the Orderly Market Agreements entered into at the time of its float at the end of March. The group, the UK's first medicinal cannabis investment vehicle, said it has made the move because it is “aware of the exceptional and growing demand amongst investors to own shares in the Company.”

Feedback plc (LON:FDBK), the specialist medical imaging technology company, announced that the company's joint brokers are now solely Allenby Capital Limited and Peterhouse Corporate Finance Ltd.

Wishbone Gold PLC (LON: WSBN), the precious metals trading and exploration company, said it will be presenting at the Shares Investor Evening on Tuesday 10 July at the Novotel London Tower Bridge, when its chairman and CEO Richard Poulden will be giving an overview of the company's strategy and its latest activities.

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