The biggest market gainer today was online media and entertainment company, PCG Entertainment Plc (LON:PCGE) which soared over 30% higher after it said the disposal of shares from the sale of Centre Point Development Corp. (CPDC) has commenced.
PCG said Beaufort Securities, the company's broker, is selling around 402.589mln ordinary shares in the company on behalf of the CPDC purchasers, equivalent to 30.06% of the AIM-listed firm’s share capital - a slightly higher number than originally anticipated.
Tern PLC (LON:TERN), which specialises in investing in companies in the Internet of Things sector, was a strong small cap gainer today, with its shares jumping nearly 8% higher to 10.25p as it trumpeted a 560% uplift in its net asset value during 2016.
Jersey Oil & Gas PLC (LON:JOG) was also higher after it told investors that it expects that a rig contract will be in place in the near future for the Verbier prospect in the North Sea. Project operator Statoil is due to drill the exploration well this summer. Shares rose 4% to 202.5p.
Meanwhile shares in European Metals Holdings (LON:EMH) gained over 5% to 67.5p after it announced an increased resource at the Cinovec lithium deposit in the Czech Republic.
And Landore Resources Ltd (LON:LND) was in demand too after it announced a maiden resource of 301,000 ounces of gold at its BAM East project in Canada. Shares up 1.5% to 3.375p.
Elsewhere, video games services provider Keywords Studios found support on news it purchased animation and digital design company Spov for about £1.2mln.
AIM-listed Keywords said the acquisition of Spov will “strengthen our market position” as a provider of digital art services and will contribute to its continuing growth in this area. Shares gained 0.9% at 626.5p.
Arix Bioscience (LON:ARIX) rose to a modest premium on its first day of trading today in London. The shares, listed at 207p, advanced to 210p, albeit on thin volumes. Arix raised £100mln as part of the float – money that will be ploughed into early-stage drug developers and university partnerships.
Highlands Natural Resources Plc (LON:HNR) offers investors access to significant upside, so says City broker Cenkos which has initiated coverage with a 'buy' recommendation. With a 66p price target Cenkos sees almost 150% upside to the current price of 26.7p.
Thor Mining PLC (LON:THR, ASX:THR) has completed the sales of its residual interest in the Spring Hill gold project. The company announced the sale of Spring Hill in February for A$3.5mln, with the payments to come in stages. Shares were flat at 0.7p.
Ithaca Energy Inc (LON:IAE) has declared a successful start-up of the Stella field in the North Sea, although it shares slipped 0.6% lower to 117p.
The oil company, which earlier this month received a US$1.24bn takeover approach, today said that production has begun at Stella and oil transportation via shuttle tanker has started.
Driver Group (LON:DRV) fell sharply after the construction company launched a fund-raising to reduce dent as it swung to a full year loss.
The AIM-listed group plans to raise £8mln through an accelerated book-built placing of 22.8mln shares at a minimum price of 35p per share with existing and new institutional investors to reduce outstanding debt.
Alongside the announcement, Driver reported a loss before tax of £0.4mln in the year to 30 September 2016, compared to a profit of £1.1mln the previous year. Shares lost 10% at 42p.
Digital media and social video broadcaster Brave Bison Group PLC (LON:BBSN) lost a fifth of its value as it warned revenues this year would likely be substantially lower than those achieved in 2016.
And proving it is better to travel than arrive, shares in Metal Tiger PLC (LON:MTR) ran into some profit-taking as it finally confirmed that a new zone of mineralisation has been discovered at the Kalahari copper belt in Botswana by its partner.
The group’s shares shed 16% at 2.33p - albeit having soared in the last two days on expectation of the announcement - even though the firm said the results "could be the most significant" since it discovered the T3 site last March, though sampling and assays are still in progress.