Top-line growth blasted top level domains (TLDs) seller Minds + Machines Group Ltd (LON:MMX) to profitability at the operating level in 2016. Total billings doubled to US$15.8mln from US$7.9mln in 2015.
Kromek Group PLC (LON:KMK), the maker of radiation detection equipment, has outlined plans to raise £21mln via a placing and open offer of stock at 20p – a modest premium to last night’s close.
Clinigen Group PLC (LON:CLIN) reported strong profits growth in its latest half year as organic growth was boosted by a new acquisition and currency movements.
Eckoh PLC (LON:ECK) has picked up a four-year contract to provide call centre technology in partnership with Capita (LON:CPI) to a mobile telephony group. The two firms will work together for the unnamed customer using EckohROUTE, a cloud-based call distribution and management dashboard.
Shares in ImmuPharma PLC (LON:IMM) jumped 8% after it updated on the progress of its phase-III clinical trial of flagship lupus drug, Lupuzor. At 11.45am, the stock was changing hands for 50.2p, up 3.7p after the company said there had been strong demand from doctors wanting patients to participate in the study.
Shares in blood flow monitoring technology specialist Deltex Medical Group plc (LON:DEMG) surged in early deals on news of significant progress in South Korea. The health authorities in South Korea have decided to increase the range of medical conditions for which they will reimburse the cost of using Deltex’s Oesophageal Doppler monitoring (ODM) technology.
Broker N+1 Singer has upgraded its target price for StatPro Group PLC (LON:SOG) following a positive trading update on Wednesday. StatPro’s trading has vindicated its early investment in cloud technology. Nowhere is this point more evident than in the sales of StatPro Revolution, its cloud-based portfolio analysis product, which generated recurring revenues of £15mln last year, up 68%.
Office productivity software developer BOS GLOBAL HOLDINGS Limited (LON:BOS) has launched BOS Automate, a cloud-based document management platform.
Mobile advertising platform operator Taptica International Ltd (LON:TAP) cheered the market on Wednesday as it revealed it had enjoyed a sparkling finish to 2016. The last two months of the year saw revenue growth that was stronger than expected, with the Asia-pacific region putting in an especially strong shift.
A drill campaign at Suva Ruda in Serbia had confirmed porphyry style copper-gold mineralisation at the licence said Tethyan Resources PLC (LON:TETH).
Sunrise Resources Plc (LON:SRES) is launching a new study to establish a roadmap to production at the CS ‘Pozz’ project in Nevada.
SDX Energy Inc (LON:SDX, AIM: SDX) revealed it will pay US$30mln to acquire Circle Oil’s assets in Egypt and Morocco. The transformative deal will see SDX increase net production by almost 250% to 4,705 barrels oil equivalent per day. Reserves, meanwhile, rise by 64% to 12.03mln barrels oil equivalent.
88 Energy Ltd (LON:88A, ASX:88E) has told investors it remains on track to spud the hotly anticipated Icewine-2 well in the coming months. The well, designed to test the production potential of the HRZ shale discovery, is due to be spudded late in the first quarter once customary permits have been received from the Alaskan authorities.
Rambler Metals & Mining PLC (LON:RMM CVE:RAB) expects a steady ramp-up in output from its Ming mine in Canada in 2017 as grades improve over the year. Guidance is 350,000-400,000 tonnes of ore to be milled, which in a grade range of between 1.3 - 1.6% produces 5,100 – 5,800 tonnes of copper. That compares with 4,174 tonnes in 2016.
Ferrum Crescent Ltd (LON:FCR) has appointed Laurence Read to the board as a non-executive director to replace Klaus Borowski, who is retiring to pursue other interests.
Dual-listed Asiamet Resources Limited (LON:ARS, CVE:ARS) is to delist from the TSX Venture Exchange (TSXV). The copper explorer, which will remain listed on London’s Alternative Investment Market, took the decision to exit the Toronto market because of the minimal trading activity in the shares on the TSXV.
Shares in Beowulf Mining plc (LON:BEM) jumped by more than 20% in morning trade after the company released a highly technical update on metallurgical testwork at its Pitkäjärvi and Aitolampi graphite prospects in Finland.