Major share price risers and fallers in London at 3.30pm
RISERS
Herencia Resources PLC (LON:HER) up 67% to 0.075p. Explorer agrees US$500,000 of convertible funding with two shareholders, Lind Partners and Oriental Darius. The money will be payable in two tranches of US$200,000 and US$300,000.
Electrocomponents PLC (LON:ECM) up 10% to 266.8p. Component distributor expects next results will be at top end of expectations after good performance in the UK.
AdeEPT Telecom PLC (LON:ADT) up 7% to 245p. Underlying earnings (EBITDA) for the year to 31 March 2016 are set to be around 33% higher year-on-year, slightly ahead of the 30% increase the market had been expecting. Dividend to rise by 37%.
FALLERS
Alecto Minerals PLC (LON:ALO) down 12% to 0.099p. Paternoster Resources has converted US$495,000 worth of loan notes into shares of the gold miner. Paternoster acquired the CULS in November from C3W Limited.
AA plc (LON: AA) down 5% to 250.1p. Motoring group’s profits slide to £17mln from £61mln due to lower insurance contribution and hefty costs to beef up its IT systems.
Anglo American (LON:AAL) down 4% to 520p. FTSE 100 miners take a beating on global growth worries. Anglo is the worst of the bunch at this time.
Major share price risers and fallers in London at 1.00pm
RISERS
Sareum Holdings Plc (LON:SAR) up 54% at 1.11p. Cancer drug specialist has received the regulatory green light for clinical trials of its candidate CCT245737. It means that subject to final approval from the NHS, clinical studies are expected to begin in the second quarter of 2016.
Koovs PLC (LON:KOOV) up 28% to 21.9p. Online fashion retailer targeting India issues bullish trading update. Sales up 189% to £10mln and 110% rise in website visits.
Windar Photonics (LON:WPHO) up 10% to 109.8p. Shares advance on a new Chinese order to be delivered in April. The contract is for 15 WindEYE LiDAR units, the company’s laser guided systems that sit on the top of turbines and enable positioning to be optimised for prevailing wind conditions.
FALLERS
Flying Brands Ltd (LON:FBDU) down 26% to 1.11p. Reveals £78,000 has gone missing from investment company’s bank account in Jersey. Police are investigating but company does not expect to recover the money. Cash is now £223,000.
Silence Therapeutics (LON:SLN) down 6% to 122.4p. Drug developer publishes latest findings from phase IIa clinical trial for its Atu027 drug for patients with pancreatic cancer, one of the hardest strains of the disease to treat.
Glencore (LON:GLEN) down 6% to 141.6p. Metals titan leads FTSE 100 lower as mining stocks falter on worries over oil prices, global economy and China.
Major share price risers and fallers in London at 9.45am
RISERS
Vast Resources PLC (LON:VAST) up 83%. Zimbabwe and Romanian miner turns down second tranche of £1.25mln from a financing deal due to potential dilutive effect.
Mountfield Group Plc (LON:MOGP) up 34% to 1.24p. Trading going well and boosted by 30 new contracts worth in total £1.1mln at Connaught Access Flooring. Company is working on a £5mln contract in the City.
Diamondcorp (LON:DCP) up 5% to 8.15p. South African miner generates US$1.1mln in revenues from first sale of diamonds from Lace mine since 1931.
FALLERS
Landore Resources Ltd (LON:LND) down 31% to 2.17p. Profit taking after the tripling of the share price yesterday as explorer confirmed a significant gold discovery at Junior Lake in Canada.
Blinkx (LON:BLNX) down 16% to 17.9p. Disappointment with latest trading update from video search specialist. Revenues were US$165-170mln in the 12 months to December and adjusted profits [EBITDA] of US$10-11mln. It is sitting on cash of around US$76mln.
Asiamet Resources Limited (LON:ARS) down 5% to 3.87p. Preliminary economic assessment for Beruang Kanan Main copper project in Kalimantan, Indonesia. Study points to a net present value of US$204mln, and should deliver an internal rate of return of 38.7%. Shares have tripled since March.