Yamana Gold (TSX:YRI, LSE:AUY) PLC climbed 6% to 404p following the release of its preliminary second-quarter results.
The company said it had a “strong” quarter, with gold production of 232,542 ounces.
According to its statement, it also generated strong cash flows during the quarter which helped its cash balance.
Specifically, the cash and cash equivalents increased by more than US$30mln to give an end of quarter cash balance of US$328mln.
12.40pm: Oncimmune laments macro-conditions
Oncimmune Holdings PLC (AIM:ONC) inched slightly lower, losing 3.6% to 79p.
The company appointed Alistair Macdonald as non-executive chair to succeed Meinhard Schmidt, who has retired.
However, share price likely moved on the back of its trading update.
Oncimmune said the current global economic and geopolitical conditions are causing a slowdown in new contracts at its ImmunoINSIGHTS arm, though the pipeline and level of engagement with biotech groups is growing.
Elsewhere, it said that Biodesix, the US distributor of its EarlyCDT Lung product, has received a Medicare determination in Kansas for NodifyCDT, the marketing name for EarlyCDT Lung in the US.
11.15am: Science in Sport misses revenue forecasts
Science in Sport PLC (AIM:SIS) fell 30% to 31p after saying its first-half revenue growth missed forecasts and warned of loss for the year.
It said it estimates a margin loss for the year due to higher prices and closure of its Russian operations, while first-half revenue growth will be "lower than expected".
In its half-year trading update, the sports nutrition firm said revenue growth for the six months to 30 June 2022 is expected to be around 12% versus the same period in fiscal 2021, below expectations, though it believes growth will improve in the second half through investments in brands, digital channels and better pricing.
For six months to June 30, 2021, revenue was up 24% to £29.3mln, returning to 20%+ growth rates despite ongoing pandemic challenges, while for 12-months to December 31, 2021, revenue grew by 24% to £62.5mln.
The company also warned of an adverse £3.2mln of costs or margin loss for the year compared to budget, which it attributed to increases in raw material prices, fuel and logistics costs, and people retention costs.
10.00am: Osirium boosted by increased bookings
Osirium Technologies PLC (AIM:OSI) rallied 16% to 6.6p after its trading update six-month trading.
Bookings increased by 30% to not less than £1.18mln for cloud-based cybersecurity company, with revenue up to £910,000.
In the statement, the company said that annualised recurring revenue is a “key industry measurement,” and noted that it had increased 11% since the start of the year to £1.61mln, and 29% over the last 12 months.
"Our record half for bookings and revenue shows the continued drive in the business as we increase our customer base as well as average total contract values,” said chief executive David Guyatt.
“This is facilitated through the expansion of our products and additional licenses and our well-established channel partner network which extends into new territories underserved by our competitors.”
"There remains an opportunity to scale the business significantly and I am pleased with the progress made in the first half of the year."
Live Company Group PLC (AIM:LVCG) tumbled 18% to 3.47p after telling investors it will go to the market to raise funds for the acquisition of Smart Art.
In a statement, the company said it will be selling 15mln shares at 4p each in order to raise funds of £600,000.
£480,000 will be used as working capital as well as towards the expansion of KPOP, BRICKLIVE and LCSE, the sports entertainment branch of the business.
The remaining £120,000 will be used as the initial cash consideration for the purchase of Start Art, an e-commerce art platform, in which Live Company already has a 19.94% stake.
Terms for the sale have already been agreed and Live Company will purchase the remaining 80.06% of shares for a maximum amount of £4mln.
Live Company added that the new funds will strengthen the “balance sheet and develop the Kpop.Flex brand” with events secured in London and Frankfurt and discussions for further locations ongoing.