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The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Pharma & Biotech

Proactive news highlights: Bass Metals, Fox Marble, Netscientific and Stratmin Global

Fox Marble hit by currency fluctuations, Netscientific launches a phone app and Stratmin shareholders look forward to impending Graphmada sale.

Fox Marble Holdings (LON:FOX) said the impact of currency fluctuations on the sterling following the EU referendum had hit its order book.

In an operational update ahead of its interim results, the Kosovo and the Balkans-focused marble group said its order book stood at €4.1mln, €0.5mln lower than previously announced at the end of June.

In other news, Netscientific PLC's (LON:NSCI) digital health portfolio company Wanda has launched a phone app today aimed at helping women improve the health of their hearts.

MyWanda, the first app of its kind, will offer personalised daily tips, advice and inspiration to encourage women to develop “heart healthy behaviours”.

Meanwhile, an investment in Sirius Minerals PLC (LON:SXX) should enjoy a significant uplift in value as the AIM group’s mine development project in Yorkshire is progressively derisked, says Shore Capital analyst Yuen Low.

Low, who rates Sirius as a ‘buy’, did also note that Sirius is currently at development stage and still some years from becoming a cash flow-generating company.

Elsewhere, shares in StratMin Global Resources Plc (LON:STGR) rose by a third in Friday’s early deals as investors looked forward to the pending completion of a A$15.25mln asset sale.

The company’s Graphmada Mauritius subsidiary is being bought by Bass Matals Ltd (ASX:BSM), which earlier today released an update revealing an anticipated timeline to complete the deal.

And finally, shares in Vast Resources PLC (LON:VAST) jumped more than 10% after the AIM-listed mining firm told investors that it is in advanced discussions to add an experienced non-executive director to its board.

Although the company didn’t reveal a name, it confirmed the potential director was a man “based in the City of London with significant mining experience”.

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