Genel Energy PLC (LSE:GENL, OTC:GEGYY) jumped 4% to 176.2p after announcing its permanent chief financial officer.
Luke Clements was previously the interim chief financial officer, and “has been responsible for a broad range of financial, commercial, and treasury related activities,” according to a statement.
“Luke is the ideal person to continue delivering the financial platform that facilitates our strategy, a strategy he has been integral in building,” said chair David McManus.
2.00pm: Yellow Cake jumps on Uranium delivery
Uranium company Yellow Cake PLC (AIM:YCA) jumped 5%, or 9p, to 384p after it announced it has taken delivery of over 2mln lbs of triuranium octoxide.
Triuranium octoxide is a compound of uranium that is converted into uranium hexafluoride for the purpose of uranium enrichment.
Yellow Cake exercised a buyback option it had with Kazatomprom, a Kazakhstan producer and seller of uranium at a price of US$43.25/lb.
According to the statement, it now holds over 17mln lbs of triuranium octoxide.
1.10pm: Canadian Overseas Petroleum Ltd in demand ahead of next week's Q&A session
Judging by the share price reaction of Canadian Overseas Petroleum Ltd, investors are expecting big things from the presentations to shareholders, scheduled for next week.
COPL’s shares jumped 12.5% - that’s one-eight, fractions fans! - to 20.25p as the company said it would hold a live question & answer session online on Monday afternoon.
The presentation by Arthur Millholland, the chief executive officer, and Ryan Gaffney, the chief financial officer, is open to all existing and potential shareholders.
12.40pm: Technology Minerals receives payment for sale of interest in registered claims
Technology Minerals PLC (LSE:TM1) surged 9.7% to 3.125p as it received £900,000 payment for the previously announced sale of an initial 10% interest in the company's registered claims in its wholly-owned US cobalt/copper projects.
The sale agreement also includes a proposed option for Bluebird to acquire a further 20% interest in the properties for a further cash consideration of £1.8mln. The option is exercisable within a six-month period from the date of the signing of the detailed purchase agreement regarding the proposed sale.
“The agreement validates our strategy of advancing our junior mining assets up the value curve to attract partners and unlock significant potential value that can be added to the company's portfolio," said Alex Stanbury, the chief executive officer of Technology Minerals.
11.50am: Tintra slides as sales of lottery administration business drags on
Tintra PLC (AIM:TNT) slipped 6.1% to 126.8p after it said the proposed sale of its lottery administration business to Sterling Management Centre is taking longer than expected.
The sales eas first announced back in October and the best guess of Tintra and Sterling is that overcoming all of the regulatory hurdles is eight to 12 weeks away.
Consequently, the company and its advisors have created an interim solution that allows the company to achieve its dual goal of completing the transaction with Sterling and freeing up the company to complete its funding round as outlined in earlier announcements.
10.55am: Eagle Eye flying high after raising guidance
Eagle Eye Solutions PLC jumped 8.8% to 457p after it said revenues and adjusted earnings for the full year will be ahead of current market expectations.
How far ahead? Well, roughly by 7% (revenue) and 10% (earnings).
The personalised, real-time marketing specialist said has benefitted in the year from significant new customer wins across multiple geographies.
10.00am: Goldplat dives as non-executive director sells again
The market does not like it when someone sells shares in the company on whose board they sit, even when it is a non-executive director.
So, it is little surprise that the shares of Goldplat PLC (AIM:GDP) dived 4.8% to 7.9p after Gerard Kisbey-Green lobbed out another 360,000 shares at 7.7p a pop, meaning he has sold half of his holding over the last 14 days.
The good news for cheesed off Goldplat shareholders is that Kisbey-Green said he has no current intention to sell any more Goldplat shares. His stake in the company has been reduced to 0.8% as a result of recent sales.
9.05am: M&C Saatchi climbs as Next Fifteen makes agreed bid
M&C Saatchi PLC (AIM:SAA) surged 33% to 221p on the back of agreeing terms with Next Fifteen Communications Group PLC (AIM:NFC) for a £310.1mln takeover.
Saatchi shareholders will receive 0.1637 of a share in Next Fifteen and 40p cash, which at the last closing price equates to 247.2p per share.
Next Fifteen’s offer was at a 49.8% premium on Thursday’s closing price of 165p.
The advertising company had rejected an offer from AdvancedAdvT for 2.043 shares and 40p in cash, which came to 207.5p, earlier this week.
Elsewhere, stationery and arts and crafts retailer Works.co.uk PLC gained 14% to 57.4p on the release of its full-year trading update.
According to the statement, it improved its cash position by £15.5 for the year ending 1 May 2022 to £16.3mln.
Sales also grew by 10.4% like-for-like as the London-listed company re-instated its dividend of approximately 2.4p per share.