Market ReportMarket Movers

Risers & Fallers: Egdon Resources, DekelOil, Mears Group, IGAS Energy, Lonmin, MX Oil

Below are the main news driven share price movements at 4.30pm.

Mariana was the big gainer this morning...

Below are the main news driven share price movements at 4.30pm


Egdon Resources (LON:EDR) up 1.85%. Egdon said the UK Oil & Gas Authority had pledged to offer it seven blocks or part-blocks in the first tranche of the 14th onshore oil & gas licensing round. The blocks are in the East Midlands Petroleum Province and provide new conventional, shale-gas and tight-oil opportunities.

DekelOil (LON:DKL) up 2.4%. The owner of the Ayenouan palm oil scheme in Côte d'Ivoire has become an approved supplier to the World Bank-backed Projet d'Appui au Secteur de l'Agriculture de Côte d'Ivoire project, which aims to support and improve the African nation's palm oil industry.

Mears Group (LON:MER) up 3.9%. Social housing support services group Mears reported a 3% rise in first-half profits to £19.2mln and more than £220mln of contract wins.


IGAS Energy (LON:IGAS) down 1.8%. Shares fell despite the news that it has won six licences on seven blocks in the first tranche of the UK's 14th onshore oil & gas licensing round. The blocks are in the Gainsborough Trough in the East Midlands.

Lonmin (LON:LMI) down 8%. The platinum miner was hit by lower prices of the precious metal, down US$11 or 1.1%.

MX Oil (LON:MXO) down 6%. Investors sold shares in MX Oil despite the Mexican oil explorer reporting progress in bids for onshore concessions in the Central American country. It will not know the outcome until December however.

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


Daniel Stewart (LON:DAN) up 17.25%. Shares surged amid hopes that the former Quindell boss Rob Terry could look to up his stake in the broker.

Gable Holdings (LON:GAH) up  17.47%. In a trading update yesterday, the company said it is trading in line with expectations and said its solvency capital preparations, which are advancing well, will not include an approach to the market to raise equity capital.

CentralNic (LON:CNIC) up 6.9%. As of yesterday, the firm is now the number one wholesale distributor - or ‘registry backend’ - for new top level internet domains after Google adopted its .xyz domain for its new corporate website for its new company Alphabet.



African Potash (LON:AFPO) down 15.3%. Shares in African Potash (LON:AFPO), which have doubled this year were higher this morning but U-turned after the company released a statement saying it knew of no reason for the hike. However, it did remind the market that it was in talks with third parties to secure sale orders from the trading memorandum of understanding (MOU) signed with the Common market for Eastern and Southern Africa and the Mask Africa Crowd Farm Fund Limited.

Cairn Energy (LON:CNE) down 5.96%. The company said drilling on a three-well programme off the coast of Senegal will begin in the fourth quarter as it unveiled widening losses for the first half.

John Menzies (LON:MNZS) down 3.58%.  Newspaper distributor and airport ground handler aviationflagged a move into the online parcel market as it reported a profit hit in its aviation business. Group turnover was up 2% at £1.01bn with underlying operating profit £3.8mln lower as expected at £20.2mln.

Below are the main news driven share price movements at 9am.


Mariana Resources (LON:MARL) up 17.5%. The maiden resource estimate at the Hot Maden gold-copper project reckons it contains 4.7mln tonnes at 5.5g gold and 1.8% copper. That takes the grand total up to 3mln ounces at a gold equivalent grade of 11.2 grams per tonne.

Stellar Resources (LON:STG) up 14.29%. Shares rose for a second day after its subsidiary, Gold Mines of Wales, was granted an extension to an exploration licence in - you guessed it - Wales.

Vipera (LON:VIP) up 5.87%. The company has secured a repeat sale with the Government Bank of Thailand for its digital financial services platform MOTIF. GSB bought an initial licence last year for 100,000 users, with the new licence for a further 1mln users.



APC Tech (LON:APC) down 23.85%. “APC’s trading statement is disappointing but still shows revenue on track in 2015” Cantor Fitzgerald said. While the nature of the business environment has delayed it becoming profitable, “it does not preclude it and we remain positive on APC” the broker added.

Auctus Growth (LON:AUCT) down 13.46%. Yesterday it reported widening pre-tax losses and pulled out of the proposed acquisition of a social media platform.

Akers Biosciences (LON:AKR) down 8.74%. Sales were strong but a one-off provision of £864,000 took the gloss off otherwise encouraging results.

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