Asset management software group StatPro Group PLC (LON:SOG) has joined the Cloud Security Alliance (CSA), a global organisation dedicated to defining and raising awareness of best practices for secure cloud computing.
Amryt Pharma PLC (LON:AMYT) said a real world study of its cholesterol-lowering drug showed it to be “very powerful and well tolerated”.
In fact Lojuxta performed better in the field than it did in phase III clinical trials in treating Familial Hypercholesterolaemia (HoFH). Shares rose 13% to 24.8p.
E- commerce platform group Cloudbuy (LON:CBUY) has issued more convertible and non-convertible loan notes to director Roberto Sella in lieu of interest.
The notes stem for a £5.75mln bridging finance arrangement set up last year. If all of the loan is converted Sella would have a 42.74% stake in Cloudbuy.
Kyrgyzstan gold explorer Chaarat Gold Hlgs Ltd (LON:CGH) has completed the issue of US$15mln short term senior secured convertible loan notes announced on 12 April. Labro Investments, the vehicle of chairman Martin Andersson, has also increased its stake to 34.26%.
Ferrum Crescent PLC (LON:FCR) has called time on its Moonlight iron ore project in Limpopo, South Africa after failing to find a partner. The company is to undertake an orderly winding-up and hand-over process of the operations and licences as soon as practicable. Shares fell 18% to 0.11p.
Eland Oil & Gas PLC (LON:ELA) has unveiled a reserves upgrade that delivers a three-fold increase in recoverable reserves for the wells at the Opuama and Gbetiokun operations in Nigeria. Proven and probable (2P) reserves for a total of four wells (Opuama-1, Opuama-3, Opuama-7 and Gbetiokun-1) are set at 33.5mln barrels – which amounts to 11.48mln net for Eland’s stake, after royalties.
C4X Discovery Holdings plc's (LON:C4XD) half-year results charted a period of significant change which now sees it primed for progress. It has shifted to developing a high-value, pre-clinical portfolio from which it hopes to create revenue-generating licensing deals. The existing fee-for-service agreements have stopped.
Currency shifts and a drop in downstream sales affected Green Dragon Gas Ltd (LON:GDG) in 2016 even though the amount of gas its own wells sold rose by a third. Green Dragon’s coal bed wells in China saw a 34% rise in sales and generated a profit of US$16.5mln, but the downstream issues sent the group overall into a US$12.1mln loss.
KEFI Minerals plc (LON:KEFI) has received a financial boost from the Ethiopian Revenues and Customs Authority in the form of a £1mln VAT refund. The country is host to the gold explorer’s Tulu Kapi project, which is being developed for production.