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The Markets
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The Markets
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Proactive UK has moved.
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Pharma & Biotech

Risers & Fallers: Ascent Resources, Hummingbird, Mkango ...

The European oil and gas exploration and production company Ascent lived up to its name as resolutions 1 to 3 were duly passed at today’s AGM.

Below are some of the main news-driven share price changes at 4.00pm.

RISERS

Life Science Developments Limited (LON:LIFE), up 37%. Mike Whitlow has lifted his stake from less than 3% to 3.05%.

Ascent Resources PLC (LON:AST), up 12%. The European oil and gas exploration and production company said resolutions 1 to 3 were duly passed at today’s AGM.

Mkango Resources Limited (LON:MKA, CVE:MKA), up 11%. The company, which listed on Aim recently, said Mark Lancaster has upped his stake above 3% to 3.93%.

FALLERS

Imperial Innovations Group PLC (LON:IVO), down 2.3%. The company has a 9.3% stake in Circassia, and remains supportive of the company despite the disappointing results for its investigational cat allergy immunotherapy Phase III study.

Hummingbird Resources PLC (LON:HUM), down 2.2%. The West African gold company’s shares dipped to 22p as it got the green light for its fund-raising, which will entail issuing shares at 22p.

Ascential PLC (LON:ASCL), down 1.4%. The international, business-to-business media company said it is trading in line with expectations.

Below are some of the main news-driven share price changes at 12.15pm.

RISERS

Filtronic PLC (LON:FTC), up 9.9%. The designer and manufacturer of microwave electronics products had a good second half to last year, with revenue of £9.1mln, up from £4.5mln in the first half.

Futura Medical PLC (LON:FUM), up 7.6%. The company has signed an exclusive licensing agreement with Milsing d.o.o. for the marketing and distribution of CSD500, Futura's novel condom, in seven territories in South-east Europe including Croatia and Serbia.

Armadale Capital PLC (LON:ACP), up 6.7%. High grade graphite mineralisation of up to 33.8% total graphite content has been demonstrated through analysis of rock chip samples taken from the Mahenge Liandu graphite project, which Armadale is in the process of acquiring.

FALLERS

Mercia Technologies PLC (LON:MERC), down 2.2%. The university intellectual property backer has secured four new university partnerships in the North of England and Scotland.

SQN Asset Finance Income Fund Ltd (LON:SQN), down 1.6%. Hadrian's Wall Secured Investments Limited, a company of which SQN non-executive director (NED) John Falla is a NED, has today listed on the London Stock Exchange.

Target Healthcare REIT Limited (LON:THRL), down 0.7%. The company is to acquire a purpose-built care home located in the village of Kirby Cross near Frinton-on-Sea, Essex, for £9.2mln.

Below are some of the main news-driven share price changes at 9.30am.

RISERS

Kenmare Resources PLC (LON:KMR), up 21% at 0.85p. The company said it is confident that it will be able to deliver the agreed debt restructuring and working capital requirements of the group.

Verona Pharma PLC (LON:VRP), up 21% at 3.43p. The company plans to raise around £44.7mln by placing shares at 2.873p a go.

EnQuest PLC (LON:ENQ), up 12%. EnQuest noted The Telegraph article at the weekend about the UK Oil and Gas Authority's possible North Sea contingency plans and said it is not involved in any company-specific discussions such as were implied by the article.

FALLERS

Circassia Pharmaceuticals PLC (LON:CIR), down 64%. Shares in Oxford-based Circassia slumped after its cat allergy treatment did little better than the placebo in a Phase III trial.

Amur Minerals Corporation (LON:AMC), down 8.6% at 3.7p. The company has raised £2.5mln, issuing shares at 3.9p.

Greatland Gold PLC (LON:GGP), down 3.6%. Field operations have now commenced at its wholly-owned Bromus project in Western Australia.

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