Major share price risers and fallers in London at 4.00pm
Risers
Sabien Technology Group Plc (LON:SNT) up 20% to 6p. Boiler optimisation specialist is confident it can return the firm to profitability in the year to end June 2018 as it reported good progress in its pilot programme, sending shares higher. The target for the 2015-16 heating season was to run up to 35 pilots, which has been achieved it said.
Anglo Asian Mining Plc (LON:AAZ) up 11% to 7.75p. Azerbaijan-based miner boosted along with sector as gold price briefly goes above US$1,300 per ounce doe first time in more than a year.
European Metals Holdings Ltd (LON:EMH) up 9% to 15p. Lithium explorer has struck an option deal to use a processing method owned by Lepidico Limited. The L-Max technology was previously used successfully in the scoping study on Cinovec ore, which saw battery grade lithium carbonate produced.
Fallers
Leaf Clean Energy Company (LON:LEAF) down 15% to 34.5p. No resolution to disagreement over value of holding in Invenergy. Appraisers' assessments of valuation are US$73.1mln and US$36.4mln compared to US$97.1mln in the books. A third appraiser will now carry out an assessment.
Anglo American PLC (LON:AAL) down 13% to 665p. Miners hit by renewed concerns over China as factory output dropped for the 14th straight month in April as demand stagnated.
Rio Tinto PLC (LON:RIO) down 7% to 2,147p. Like Anglo, another big miner under the cosh again due to China concerns.
Major share price risers and fallers in London at 1.30pm
RISERS
Golden Saint Resources Ltd (LON:GSR) up 21% to 0.103p. Good response to Yangon show, where company exhibited. “Myanmar market, together with Cambodia and Vietnam, could offer significant potential and opportunities for the Company.”
Simigon Ltd (LON:SIM) up 13% to 19p. Simulation specialist has won a five year contract worth US$7.9mln for its SIM box trainer in the Far Easy for a civil aviation group.
Orosur Mining Inc (LON:OMI) up 8% to 11.1p. Gold miner in favour as the metal goes through US$1,300 per ounce again, a high for the year. Orosur produces at the San Gregorio mine in Uruguay.
FALLERS
Armadale Capital PLC (LON:ACP) down 12% at 2.41p. Company still waiting for ACS to complete due diligence and provide finance to construct gold mine at Mpokoto in the DRC.
Tullow Oil PLC (LON:TLW) down 9% to 254.2p. Goldman Sachs and Macquarie both downgrade the oil group to ‘neutral’, though the Aussie broker upgrades its price target to 292p.
Royal Bank of Scotland PLC (LON:RBS) down 4% to 220.7p. Downgrade from UBS after last week’s trading update. Broker is getting concerned about prospects for dividends.
Major share price risers and fallers in London at 9.45am
RISERS
Avocet Mining PLC (LON:AVM) up 59% to 10.71p. Shares still rising after bullish production update last week from Inata mine in Burkina Faso. Shares are up about 150% since last week.
Highlands Natural Resources Plc (LON:HNR) up 35% to 38.4p. Company’s patent protected technology, which enhances well output at a fraction of the cost of drilling a new well, is expected to be piloted in a well in the Piceance Basin, Colorado, in June.
ASA Resources Group PLC (LON:ASA) up 20% to 0.84p. Recovery after dip Friday as quarterly update showed that gold production from the Freda Rebecca mine in Zimbabwe had dipped slightly.
FALLERS
Minco PLC (LON:MIO) down 16% to 0.9p. Woodstock manganese project suspended until market conditions improve. Company posts losses of US$100,000 for the year to end December 2015.
Goldbridges Global Resources PLC (LON:GEBR) down 10% to 1.48p. Results on Friday showed sharp drop in gold production as open pit operations from Sekisovskoye wound down.
Aberdeen Asset Management PLC (LON:ADN) down 8.5% to 273.2p. Fund manager reports lower net revenues and underlying profits. Assets under management also declined.