Fox Marble PLC (LON:FOX) has picked up €300,000 worth of orders in the UK and Australia for a premium finished marble product for luxury property developments.
One of the orders is for the most expensive house currently under construction in Australia, which is in Sydney.
Fox Marble is also expecting an order for Audley Square in Mayfair, London, described as one of the most prestigious residential buildings in the world.
That order was not in cluded in the €300,00.
Shares in the Balkan quarry owner rose 11% to 8.32p.
Sound Energy PLC (LON:SOU) climbed higher as a Basin Model of its Tendrara and Meridja permit areas in Morocco indicated arrange of gas in place between 9Tcf to 31Tcf.
These are potentially massive numbers and further exploration activity, including the acquisition of additional 2D and 3D seismic and the requirement for further drilling, will be required to substantiate the Basin, Sound added.
Shares rose 9% to 78.2p.
Mining firm Kennedy Ventures PLC (LON:KENV) shot up 25% as it raised £1.25mln to fund the development of the Tantalite Valley tantalum mine in Namibia.
Shares were placed at 9p each through the placing, while the shares jumped 26% today to 11.95p.
1pm ...Beowulf Mining stumped by latest Kallak permit move
More Swedish head scratching for would-be miner Beowulf Mining plc (LON:BEM). The County Administrative Board (CAB) for the County of Norrbotten has referred Beowulf’s application for a mining permit at Kallak North back to the Swedish Mining Inspectorate. The company said it will provide a further update after fully understanding the CAB's announcement and importantly what it means in practice, but until then its shares will be suspended. Kurt Budge, chief executive, is in Sweden and will talk to key stakeholders and decision makers. Mining permit applications in Sweden were thrown into disarray by a judgement last year by the Supreme Administrative Court (SAC) regarding Tasman Metal's Norra Kärr project. Tasman's mining licence for Norra Kärr, granted in May 2013, was cancelled by the SAC in February 2016, as it believed the decision by the Mining Inspectorate to grant the licence was not adequately supported by environmental studies. Prior to suspension today, Beowulf shares had dropped 43% to 8.3p. Spread better London Capital Group Holdings plc (LON:LCG) soared on the seemingly innocuous departure of non-executive Rebecca Fuller. Fuller, one of the independent NEDs on the board, left as of today to focus on other business interests according to chairman Charles Poncet. LCG has had a tough time in recent years but has been refinanced and re-launched by its majority owner Charles-Henri Sabet. Shares jumped 40% to 3p. Summit Therapeutics PLC (LON:SUMM) was another strong riser as it outlined plans for a phase III trial of its C.difficile treatment ridinilazole. After input from both the US and European regulatory agencies, Summit intends to design the Phase 3 clinical programme to evaluate superiority of ridinilazole over standard CDI care.
10.00am...Autins screeches to halt as customer reins back
Autins Group PLC (LON:AUTG) slumped as chief executive Jim Griffin resigned for personal reasons.
There was also a disappointing trading update from the car parts group.
Trading last year and in the first quarter of the current financial year was in line with targets, but a major customer has now reduced volumes and introduction timings for certain platforms.
“In consequence, the Board expects that revenues for the current year [to September 2018] will be materially lower than market expectations.
It is assessing the likely impact on the numbers overall.
Shares in Autins, which supplies heat dispersal and sound deadening material to carmakers, tumbled 32% to 150p.
Digital marketing group Adgorithms PLC (LON:ADGO) was another heavy faller as it forecast revenues this year of US $16 mln and an underlying loss of approximately US$8 mln.
Cash at the end of 2016 was approximately US$22mln.
Shares fell 21% to 17.35p.
Premier African Resources PLC (LON:PREM) shot higher on a bullish update from its Zulu lithium and tantalum project in Zimbabwe.
Premier encountered decent grades over mineable widths in two holes, with results still to come from eight more.
Tantalum grades from all the ten holes drilled at the prospect are also due.
Shares in Premium leapt 27% to 0.48p.