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Risers & Fallers, including Tower Resources, Servision, Oilex,Tri-Star Resources and Arcontech

Last updated: 14:10 26 Mar 2015 GMT, First published: 15:10 26 Mar 2015 GMT

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Below are some of the major news-driven share price changes as at 3pm.

RISERS

Tower Resources (LON:TRP), up 114.29% to 0.23p. Shares have skyrocketed in the oil explorer and not even fans of the stock on the message boards know why. On Tuesday, the company paid out 15.1mln shares to settle a bill for services received; those shares were valued at 0.666p, whereas even after today’s share price rise the stock is currently trading at about a third of that price.

Servision (LON:SEV) added 25% to 3.75p, again on no apparent news. The mobile communications security firm won in January its first contract in Kazakhstan for on-board transport closed-circuit television (CCTV) systems. Surveillance monitoring and cellular network software were also part of the deal.

Oilex (LON:OEX), shares up 26.32% to 3p after the firm revealed construction of the production facilities is now about 77% complete at the Cambay-73 well, which means production should start in May.

FALLERS

Tri-Star Resources (LON:TSTR) fell 14.29% to 0.12p to come off recent highs. Yesterday, the antimony development company unveiled Mark Wellesley-Wood as its non-executive chairman, taking over from Adrian Collins.

Sierra Rutile (LON:SRX), down 8.14% to 19.75p. Today's full-year results for the mineral sands firm covered the period of the Ebola virus outbreak in Sierra Leone, so it is little surprise revenues tailed off a bit, to US$117.8mln from US$123.4mln. The company made a pre-tax loss of US$8.86mln. "Looking forward into 2015, we expect that Ebola-related challenges will continue to ease, allowing us to invest further in our business," it said in a regulatory statement.

Arcontech (LON:ARC), down 19.35% to 0.13p, after it revealed it had swung to a first-half pretax profit but warned its full-year result could be hit "due to a significant customer requesting the termination of its contract 18 months early for reasons outside of our control". With current net cash balances in excess of £1.2mln and a healthy sales pipeline, the firm said it remained positive on prospects.

Below are some of the major news-driven share price changes as at 1.00pm.

RISERS

Tower Resources (LON:TRP), up 122.9%. The share price has more than doubled, and not even the fans of the stock on the message boards have a clue why. On Tuesday, the company paid out 15.1mln shares to settle a bill for services received; those shares were valued at 0.666p, whereas even after today’s share price rise the stock is currently trading at about a third of that price.

AFC Energy (LON:AFC), up 17.0%. The shares rose after the company said it can start work on the foundations of its industrial alkaline fuel cell facility at Stade in Germany after receipt of partial building approval.

Oilex (LON:OEX), up 15.8%. The construction of the production facilities is now about 77% complete at the Cambay-73 well, which means production should start in May.

FALLERS

Sierra Rutile (LON:SRX), down 10.5%. Full-year results covered the period of the Ebola virus outbreak in Sierra Leone, so it is little surprise revenues tailed off a bit, to US$117.8mln from US$123.4mln. The company made a pre-tax loss of US$8.86mln.

Strategic Minerals (LON:SML), down 9.4%. Bizarrely, shares dip after the company revealed Richard Corsie has lifted his stake in the company to 7.87%.

Physiomics (LON:PYC), down 8.3%. The company has granted a substantial number of options to its directors, exercisable within the next 10 years at a price of 0.062p.

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Below are some of the major new-driven share price changes as at 11.00am.

RISERS

Plexus (LON:POS), up 19.1%. The oil and gas engineering services business has signed a framework agreement with Yantai Jereh Oilfield Services Group of China. The Chinese company is keen to manufacture and sell Plexus’s wellhead equipment in Asia.

Armadale Capital (LON:ACP), up 18.4%. Shares are perking up after last week’s fund-raising depressed the share price. The company announced today a general meeting to vote on the renewal of the directors’ authority to allot shares will be held on Monday, 13 April.

LPA Group (LON:LPA), up 17.9%. The LED lighting and electro-mechanical system manufacturer and distributor has been selected by Bombardier Transportation to supply a package of electro-mechanical equipment for rail vehicles to be supplied by Bombardier to the Crossrail Project.

FALLERS

All Asia Asset Capital (LON:AAA), down 24.0%. Akekachat Leelapanyalert has resigned as an executive director with immediate effect. He only joined back in August of last year, and was working part-time for the company.

Arcontech Group (LON:ARC), down 22.6%. Half-year results contained a profit warning of sorts. “The level of profitability for the current year ending 30 June 2015 is uncertain, due to a significant customer requesting the termination of its contract 18 months early for reasons outside of our control,” the company said.

Scisys (LON:SSY), down 11.8%. The company said it faces headwinds during the current year in the form of the continued strength of sterling and some concerns around public funding as the General Election approaches.

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