Nu-Oil & Gas PLC (LON:NUOG) was another big riser as it agreed a production sharing agreement with PVF Energy to resume operations in Newfoundland.
The oil junior will receive 50% of net revenue from production following the recovery of any costs incurred by PVF. Nu-Oil shares shares rose 70% to 0.698p.
Sports-focused technology company Guscio PLC (LON:GUSC) says it is unaware of any reason for share price to double today.
The statement reminded readers it was looking for complementary earnings enhancing acquisitions as per its mission statement when it floated last year and this process is on-going.
Shares rose 99% to 2.24p.
Premier African Minerals Ltd (LON:PREM) continued to rally following a funding yesterday that will allow its tungsten mine in Zimbabwe RHA to start producing wolframite and to generate revenue.
It expects the mine’s throughput will increase steadily to a target of 7,500 tonnes, at which point it is expected generate positive cash flow on an earnings basis of US$200,000 per month.
Shares rose 41% to 0.423p.
12.45.. Nostrum Oil rises as production beats target
Caspian Sea-based oil group Nostrum Oil and Gas PLC (LON:NOG) did well after production exceeded annaul guidance of 40,000 barrels per day thanks to a strong fourth quarter.
“GTU3 is on track for delivery during 2017 and will more than double our production capacity to above 100,000 barrels per day,” the company added. Shares rose 6% to 472p.
Food distribution group Ocado PLC (LON:OCDO) had a good day as active customers increased by 13.9% in 2016 to 580,000, up from 509,000 in 2015.
Order volumes also grew by 17.9% to an average of over 230,000 orders per week.
Analysts were a little puzzled given the flat earnings, but veteran retail analyst Nick Bubb said: “I guess the market is impressed that Ocado have hired ex-Sainsbury guy Luke Jensen to head up the licensing business and that they remain bullish 'in the medium term.'"
Shares rose 10% to 268p.
Some wary comments regarding the economic situation in the UK post –Brexit took the wind out of challenger bank CYBG PLC (LON:CYBG).
“Whilst there is some uncertainty created by Brexit, economic indicators in the UK have proved resilient since the referendum vote.
“To date we have not seen any negative impact on asset quality, but we continue to monitor market conditions closely.”
Shares eased 4% to 273.4p.
10.00am ...Karelian boosted by Finland diamond find
Karelian Diamond Resources Plc (LON:KDR) has found a small diamond in sampling at the Kuhmo region of Eastern Finland.
Though tiny at 0.7 x 0.75 x 0.7mm it was still a diamond and a very rare and significant discovery said the company.
As context, its consultant ODM said it had analysed 50,000 exploration till samples and recovered less than 10 naturally occurring diamonds.
More importantly, said Karelian, if you combined it with the concentrations of Kimberlitic Indicator Minerals (KIMs) also discovered in the area it strongly suggests that a diamondiferous kimberlite is present at Kuhmo
The KIMs included garnets and chromite grains.
Shares rose 13% to 0.65p.
Plastics and electrical group Carclo PLC (LON:CAR) benefited from a solid trading update.
Technical Plastics division is set to report a stronger second half performance, while Wipac's supercar lightinghas sold in line with forecasts helped by significant design, development and tooling upgrades.
Shares rose 7% to 136p.
Quarto Group PLC (LON:QRT) slumped as it announced it would take hefty losses on the sale of its Books and Gifts Direct (BGD) business.
The consideration is A$5.75mln (£3.5mln) comprising A$1mln cash and a further A$4.75mln in interest-bearing loan notes.
Assuming the transaction completes and the loan notes are repaid in full, this will result in a total write-down of approximately US$11mln.
Quarto shares fell 7% to 294p.