Open Orphan delivered on 2021 forecasts, said house broker finnCap, with underlying profits ahead of forecasts.
Year-end cash was also better than expected at £15.7mln while the order backlog increased 11% to a record £46mln and now stands at £64.3m after five contract wins in 2022.
Roquefort Therapeutics PLC (LSE:ROQ) is to accelerate two of the antibody programmes it acquired with Lyramid, having determined they have high commercial potential in cancer treatment.
Stephen West, executive chairman, said the biotech wants to be first to market with an anti-Midkine oncology antibody.
Zephyr Energy PLC (AIM:ZPHR, OTCQB:ZPHRF) aims to monetise its Utah gas resources through a fast-tracked cryptocurrency mining venture this summer.
The company, in a statement, said that the crypto facility could be operational in as little as eight to 12 weeks, in tandem with the start of production from the State 16-2LN-CC well.
Bradda Head Lithium Limited (AIM:BHL, OTCQB:BHLIF) commenced the second stage of metallurgical testwork at the Basin East project in the USA, working towards producing a final battery quality lithium product, and associated economic co-products.
The results of this work are expected in the second half of 2022.
Open Orphan PLC (AIM:ORPH, OTC:OPORF) posted record revenues and swung into profit in its latest full year as the Covid-19 pandemic sparked a revival in human challenge studies.
Revenues jumped 76% in the year to the end of December 2021, with underlying profits (EBITDA) of £2.9mln compared to a loss of £6.1mln a year earlier.
Atlantic Lithium Limited (AIM:ALL) reported positive metallurgical test-work results ahead of a pre-feasibility study for the Ewoyaa lithium project in Ghana.
Metallurgical profiling using heavy liquid separation (HLS) at a 10mm crush size delivered primary lithium concentrate recoveries of up to 80% and dense medium separation (DMS) replicated the HLS results at pilot scale.
Shanta Gold Limited (AIM:SHG, OTC:SAAGF) said its final dividend of 0.10 pence per share will be paid on July 15, pending approval at the East Africa-focused gold producer’s annual general meeting on June 15. The ex-div date is June 16.