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The Markets
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The Markets
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Proactive news round-up: Stadium Group, Bango, MaxCyte ...

A glance at some of the stories on the Proactive newswire today.

Stadium Group plc (LON:SDM) said its order book is at record levels, driven by its focus on a design-led electronics, which now accounts for 60% of revenues.

SDX Energy Inc (LON:SDX, CVE:SDX) revealed it has agreed to acquire the Egyptian and Moroccan assets of failed AIM firm Circle Oil. A non-binding heads of terms agreement has been signed, and it gives SDX 30 days exclusivity to finalise a deal.

Payments specialist Bango plc (LON:BGO) has confirmed that revenues doubled in 2016 as end users massively increased their spending via mobile devices.

MaxCyte Inc (LON:MXCT) said the results of a pre-clinical study published in a leading journal showed the company’s technology is effective in correcting for genetic mutations.

OptiBiotix Health plc (LON:OPTI) has received another boost from the wider health industry after it had two abstracts accepted for presentation at a major European conference.

Intellectual property (IP) commercialisation company Tekcapital PLC’s (LON:TEK) patent application for its electro-mechanical energy harvest technology has been successful in the USA.

The BAM East gold prospect at the Junior Lake property in Ontario continues to impress Landore Resources PLC (LON:LND). The company released a progress report on its now completed autumn drilling campaign at the prospect on Thursday, revealing that results continue to report wide zones of gold mineralisation.

Greatland Gold PLC (LON:GGP) has identified two large zones of gold mineralisation from shallow drilling at the Ernest Giles project in Western Australia. The Western Zone is 6km in length and 1.5km in width while the Eastern zone is 2km by 1.5km.

Fluorspar specialist Tertiary Minerals plc (LON:TYM) is to look for opportunities in other areas due to the delays in getting its existing projects into production.

Avesoro Resources Inc (LON:ASO TSX:ASO) upped gold production by over a third in its latest quarter as the New Liberty mine in Liberia settled down. Output in the three months was 18,872 ounces, to bring the total for 2016 overall to 63,556 ounces.

Strategic Minerals PLC (LON:SML) has appointed an exploration manager for its Redmoor tin/tungsten project in Cornwall. Step forward Brett Gist, who will oversee the 2017 drilling programme, which is intended to extend the defined high grade resource at Redmoor.

STM Group Plc (LON:STM) shares rose by a quarter as it reported sales had picked up strongly in its latest half year. Profits were flat at £2.7mln in 2016, the expat-focused life and pension group said.

ZincOx Resources plc(LON:ZOX) drawn a line under its Korean zinc operation with the sale of its remaining stake. Korea Zinc Corporation (KZC), its former partner at the plant, is buying Zincox’s stake for US$7.95mln.

Premier Oil PLC (LON:PMO) shares gained in Thursday’s early deals following a positive update which confirmed record production volumes.

Local government officials that have blocked the start-up of the Wressle oil field, in Lincolnshire, have overstepped their remit, so says City broker SP Angel. Europa Oil & Gas PLC (LON:EOG), a key stakeholder in the Wressle project, says the North Lincolnshire County Council’s planning decision goes against a positive recommendation by the council’s own planning officer which followed an extensive and thorough review of the field development plan.

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