Nu-Oil & Gas PLC (LON:NUOG) shares dropped as it tried to dispel “malicious" rumours circulating around bulletin boards.
Chairman Alan Minty said the group remains committed to assets in the onshore western Newfoundland region in Canada despite these rumours.
“I hope this update addresses the false information that seems to be circulating on bulletin boards,” he said.
“The most malicious information appears to be originating from western Newfoundland and the company will seek legal advice as to how to address this and create greater order in the market.”
Shares decreased 8% to 0.8p.
AorTech International plc (LON:AOR) shares are 26.3% higher at 50.5p after saying it has been granted a US patent for a polyurethanes invention.
The group said the polyurethanes are biostable, creep resistant, acid resistant and abrasion resistant, making them useful in the manufacture of biomaterials and medical devices.
Chairman Bill Brown said: "We are delighted that this US patent has been issued extending further AorTech's world class portfolio of biostable polymers for medical device use."
EVR Holdings shares sing higher after launching new music platform in Europe
EVR Holdings PLC (LON:EVRH) was on the front foot after the virtual reality music content creator confirmed the launch of the MelodyVR platform in Europe.
The music platform is now available to the public in France, Germany, Sweden, The Netherlands, Switzerland, Greece, Austria and Belgium.
The application was launched in tandem with Facebook’s US$199 hardware device from the Oculus division.
EVR also announced a record label agreement with Big Machine Label Group.
Shares increased 4.8% to 11.9p.
Elsewhere, Cradle PLC (LON:CRA) shares jumped 8.7% to 6.2p after the miner said it expects to achieve project-level operational cash flow break-even at the Mowana copper project in June.
Cash generation is expected to improve throughout the second half of this year, with the mine expected to produce at least 5,700 tonnes of contained copper during the period.
Cluff Natural Resources shares slip as it considers equity raise
Cluff Natural Resources PLC (LON:CLNR) said it is considering an equity raise to advance its portfolio of assets, sending shares in the company down 14% to 2.15p.
The AIM-listed natural resources investing company said neither the amount to be raised nor the issue price have been finally determined while discussions with investors are ongoing.
The group, which is focused on investments in the southern North Sea, added that there can be no certainty that a fundraising will be concluded.
OptiBiotix Health plc (LON:OPTI) shares rose 6.9% to 69p after saying it has entered into an agreement with a global corporate for its SweetBiotix low-calorie sweet fibres.
The FTSE 100-listed firm said the agreement sets out the terms and grants exclusivity, for a period of six months, to negotiate a licence agreement for the scale-up, manufacture and distribution of its SweetBiotix product.
The life sciences company said it will receive monthly payments during this exclusivity period amounting to a six-figure sum.
Creightons shares jump as it reports growth in annual profits and revenues
Creightons PLC (LON:CRL) rallied after the maker of beauty and personal care products reported full year profit and revenue growth.
Operating profit increased 8.1% to £1.6mln in the year to March 31 and revenue rose 13.8% to £34.8mln, driven by sales of owned branded products.
The dividend was left unchanged at 0.23p per share.
"Creightons Plc has performed well to deliver strong organic sales growth and continued operating profit growth in a challenging operating environment,” said chairman William McIlroy.
Shares increased by 6.2% to 27.5p
Katoro Gold PLC (LON:KAT) shares gained 6.6% to 1.6p after saying it expects the 25 million shares it placed on June 22 to begin trading on AIM on July 6.
The Tanzanian explorer, which last week announced a deal to buy Kibo Nickel Ltd for £200,000, raised £325,000 through the share placement.
Dillistone and Kosmos Energy shares slide
Dillstone PLC (LON:DSG), which supplies software to recruiters, was under the cosh after it said the loss of a major client and the impact of foreign exchange rates had a negative impact on recurring revenues in the first five months of the year.
The company also continues to expect its recruitment platform GatedTalent will be loss making in 2018 due to a lower-than-anticipated initial number of profiles.
The group said it was “aiming to deliver a growth in profits year on year, prior to the impact of the anticipated GatedTalent loss, acquisition related items and the impact of IFRS15 adjustments”.
Shares dropped 17.9% to 64p.
Kosmos Energy shares fell 4% to 600p after saying it has plugged and abandoned the Anapai-1A well in Block 45 offshore Suriname.
The well was drilled to a total depth of 4,556m and tested. It encountered high quality reservoirs in targeted zones but did not find hydrocarbons.
Chairman Andrew G. Inglis, said: “We are still in the early stages of exploring this newly emerging basin and our forward drilling programme remains unchanged given the independent nature of the prospects.
“The drillship will proceed as planned in the third quarter to test Pontoenoe, the first of up to three independent prospects in Block 42 offshore Suriname.”
Proactive news headlines:
Rosslyn Data Technologies PLC (LON:RDT) said its revenue for the 2018 financial year has increased by nearly 100% following its acquisition of Integrite Ltd in May 2017.
App monitoring service AppScatter Group PLC (LON:APPS) has agreed the £13.5mln acquisition of German firm Priori Data, albeit on slightly different terms than those originally set out.
OptiBiotix Health plc (LON:OPTI) has announced that it has entered into an agreement with a global corporate for its SweetBiotix low calorie sweet fibres.
Victoria Oil & Gas plc (LON:VOG) said its wholly-owned subsidiary Gaz du Cameroun SA (GDC) has entered into an exclusive partnership agreement with Europe's largest compressed natural gas (CNG) supplier and distributor, Naturelgaz Sanayi ve Ticaret AS.
Amphion Innovations Plc (LON:AMP), the developer of medical, life science, and technology businesses, saw its net asset value improve significantly in 2017. The company’s net liabilities narrowed to US$2.81mln at the end of 2017 from US$5.89mln at the end of 2016, thanks almost entirely to the movement in value of portfolio company, Motif Bio Plc (LON:MTFB)
Westminster Group PLC (LON:WSG), the technology-based security solutions provider, expects to post positive underlying earnings this year, excluding the impact of any new major contracts.
ClearStar Inc (LON:CLSU) has announced a partnership with iCIMS Inc for integration of its mobile solutions for background screening and drug testing into the iCIMS Talent Platform, a suite of talent acquisition tools.
Cradle Arc Plc (LON:CRA) expects to achieve project-level operational cash flow break-even at the Mowana copper project in Botswana during the month of June 2018. Cash generation is expected to improve throughout the second half of this year, with the mine expected to produce at least 5,700 tonnes of contained copper during the period.
Thor Mining PLC (LON:THR) (ASX:THR) announced it has restructured the previously terminated conditional agreement to sell its stake in USA Lithium to Hawkstone Limited (ASX:HWK). The AIM-listed firm referred to a statement which said that both companies had terminated the agreement on June 15, when Hawkstone cancelled its shareholder meeting to approve the acquisition of 100% of USA Lithium.
Active Energy PLC (LON:AEG) has raised £1m in an oversubscribed placing to fund its biomass fuel execution strategy. The company issued shares at 3p to new and existing investors. The net proceeds of the placing will fund the execution phase of the group's business plan which is focused on developing its forestry management operations and commercialising its coal replacement fuel, CoalSwitch and related products including PeatSwitch and the company's coal blended SuperFuel.
Asiamet Resources Ltd (LON:ARS) has appointed Dominic Heaton as a non-executive director to the board. Heaton is a highly experienced mineral processing engineer with an extensive background in feasibility studies, project construction, plant commissioning and mine operations throughout South-east Asia.