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The Markets
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Small-cap coverage continues on .com
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The Markets
by Proactive
Proactive UK has moved.
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Investments and investor services

Risers & Fallers: IronRidge, MX Oil , Prospex Oil & Gas...

Below are some of the main news-driven share price changes at 4.15pm

Below are some of the main news-driven share price changes at 4.15pm

RISERS

IronRidge Resources Limited (LON:IRR) up 20% to 16.22p. Company confirmed ‘very advanced’ discussions were underway over an investment in a gold prospect in Chad. The deal would be structured through IronRidge taking a stake in Tekton Minerals, which has exclusive rights to 'an extensive land package and associated major new gold discovery' in the Central African country.

MX Oil PLC (LON:MXO) up 15% to 0.92p. Company is to take full control of OML 113 stake in Nigeria. "Given the progress that has been achieved to date in proving the value of the Aje Field and the further potential from the next phases of development, we believe that now is the right time to complete our investment in OML 113."

Andalas Energy and Power PLC (LON:ADL) up 10% to 0.157p Indonesia’s national energy company, Pertamina, approved proof of concept work programme at the Tuba Obi East concession.

FALLERS

Prospex Oil and Gas PLC (LON:PXOG), down 13%. The investment company has raised £775,000 through an oversubscribed placing of shares at 1.1p each.

Imaginatik Plc (LON:IMTK), down 6.3%. Quob Park Estate Limited has reduced its stake below 3%.

Solo Oil PLC (LON:SOLO), down 4.0%. Resource sector veteran Dan Maling is taking over as finance director from Donald Strang, who will now become a non-executive director.

Below are some of the main news-driven share price changes at 1.15pm

RISERS

Interserve PLC (LON:IRV), up 17%. The company crashed into the red at the half-year stage, largely as a result of its Energy from Waste business, which it is exiting.

Orosur Mining Inc (LON:OMI), up 11%. The South America-focused gold explorer saw its shares surge, and all it had to do was announce it is releasing prelims on 16 August.

Avacta Group PLC (LON:AVCT), up 11%. Avacta and Leeds University have been awarded £3.8m by the Medical Research Council to develop new diagnostic tests.

FALLERS

M Winkworth PLC (LON:WINK), down 9.0%. The estate agent chain announced a second quarter dividend of 1.8p, unchanged from the previous quarter.

Kibo Mining PLC (LON:KIBO), down 6.8%. The company has made the fifth draw-down from its Sanderson Capital loan facility, in return for issuing 971,429 ordinary shares at 5.25p each.

Regus PLC (LON:RGU), down 5.6%. Regus’s headline on its results statement said: Strong profit growth and cash generation, increased dividend, improving efficiency and attractive returns. The market’s verdict? Sell.

Below are some of the main news-driven share price changes at 10.45am

RISERS

Quadrise Fuels International PLC (LON:QFI), up 28%. The emulsion fuels specialist said it has announced the execution of the memorandum of understanding for progressing the previously announced production-to-combustion trial in the Kingdom of Saudi Arabia.

Harvest Minerals Limited (LON:HMI), up 22%. A scoping study for the company’s Maximus project in Brazil confirmed that fertiliser could be produced at low cost with a very simple processing method.

G4S PLC (LON:GFS), up 19%. The world’s largest security group reported a 44% increase in profit in the first half of the year.

FALLERS

RTC Group plc (LON:RTC), down 16%. The provider of recruitment services disappointed the market with half-year results.

Karelian Diamond Resources Plc (LON:KDR), down 12%. The diamond exploration company focused on Finland said a re-modelling of the kimberlite pipe at Lahtojoki is planned to establish optimum locations for any further drilling that may be required.

Trafalgar New Homes PLC (LON:TRAF), down 12%. Full-year results revealed the company had moved into the black, but the market was underwhelmed by the numbers.

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