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The Markets
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The Markets
by Proactive
Proactive UK has moved.
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Archive

Proactive news headlines: Pantheon, 88 Energy, Kromek, Endeavor Mining and more

Accesso’s five-year extension to its Cedar Fair contract underpins its long-term growth potential according to house broker Shore Capital.

Berkshire-based Accesso, which claims to have invented virtual ticket queuing, will see its fully hosted ‘Passport eCommerce ticketing suite’ used across all 18 of Cedar Fair’s parks.

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Seeing Machines Limited is a tech unicorn whose current share price belies this status.

That, at least, is the opinion of Cenkos, the corporate broker, which Thursday issued a ‘buy’ note and punchy price target.

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hVIVO PLC (formerly Open Orphan) has signed a £13.6mln contract with a US-based biopharmaceutical client to test its respiratory syncytial virus (RSV) antiviral candidate, using hVIVO's established RSV Human Challenge Study Model.

The phase 2a double-blinded placebo-controlled human challenge trial will take place at hVIVO’s specialist quarantine facilities in Whitechapel, London and will evaluate the efficacy profile of the antiviral against RSV infection.

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Zephyr Energy PLC (AIM:ZPHR, OTCQB:ZPHRF) told investors that its borrowing base has increased as the company continues to progress its assets in America.

The company, in a statement, said its lender North Dakota-based First International Bank and Trust (FIBT) has completed a scheduled semi-annual redetermination of the company's revolving credit facility, resulting in a 30% increase.

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Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) said it is well positioned to hit the top end of full-year targets for production, with costs being kept under control.

The West Africa-focused gold miner produced 343,000 ounces of gold at an all-in-sustaining cost (AISC) of US$960 per oz, stable compared to the preceding quarter despite the impact of the wet season.

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88 Energy Ltd (AIM:88E, ASX:88E, OTC:EEENF) told investors it will expand its footprint on Alaska’s North Slope after being named “highest bidder” for 10 leases in the latest Alaskan leasing round.

The leases span some 25,600 contiguous acres immediately south of Prudhoe Bay, the company said in a statement, and it is covered by a suite of 3D seismic data and historic well data that the company has access to.

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Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL)’s revenues rose by 21% in the latest quarter as production from its Blanket gold mine hit another new record.

The Zimbabwe-focused miner said production this year is on course to hit the top end of its 73,000-80,000oz guidance after output rose 11% to 21,200oz in the three months to end-September.

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Arecor Therapeutics PLC (AIM:AREC) has inked a deal with one of the world’s largest chemicals marketing and pharmaceutical companies to develop a ready-to-use liquid drug for intravenous administration.

The pair will do this using Arecor’s Arestat technology to create a new liquid formulation of the unnamed medication.

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Powerhouse Energy Group PLC (AIM:PHE, ETR:BT81) said emergency access to its site at the Protos Energy park has now been completed, while service ducting has been installed.

The ultimate construction of the waste-to-hydrogen facility remains subject to numerous engineering steps and raising the necessary finance for its construction, Powerhouse added.

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Rainbow Rare Earths Ltd (LSE:RBW, OTC:RBWRF) said it allotted 2.0mln new shares at 5.28p per share to the Australian Special Opportunity Fund LP after the fund exercised its final tranche of share options in the rare earths group.

Dealings in the new shares are expected to start on 14 November on the London Stock Exchange’s main market.

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Pantheon Resources PLC (AIM:PANR, OTC:PTHRF) said blockages to the flows from its Alkaid#2 well in Alaska were due to sand introduced during the fracking process, not formation sand, and should be cleared during a clean-up of the well bore.

A unit has now arrived on site to start the clean out but this will mean conservative pumping rates until the process completes.

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Ariana Resources PLC (AIM:AAU) hailed the “substantial progress” made on its advanced Turkish gold projects, which are 23.5% owned by Ariana through its shareholding in Zenit Madencilik San. ve Tic. AS.

Gold production at the Kiziltepe gold-silver mine in western Turkey continues to perform in line with guidance, said AIM-listed Ariana, adding that an ongoing drilling programme has now completed over 11,000 metres (m) of diamond drilling.

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Westminster Group PLC (AIM:WSG) management - CEO Peter Fowler, CFO Mark Hughes, and company secretary Roger Worrall – all increased their shareholdings in the company, together buying 2.13mln shares in the company.

Redx Pharma PLC (AIM:REDX) announced chief executive Lisa Anson and chief financial officer Peter Collum will present, in person, at the Jefferies London Healthcare Conference on Thursday 17 November.

NextEnergy Solar Fund Ltd (LSE:NESF) announced an interim dividend of 1.88 pence per Ordinary Share for the quarter ended 30 September – it will be paid on 30 December to those holding shares on the register on 18 November (the ex-div date is 17 November).

AdEPT Technology Group PLC (AIM:ADT) gave notice for the release of its interim results, for the six months to 30 September, on Tuesday November 15.

Amur Minerals Corporation (AIM:AMC, OTC:AMMCF) announced it will hold its annual general meeting will be held on 5 December in London.

Metal Tiger PLC (AIM:MTR, OTC:MRTTF, ASX:MTR) said Sandfire Resources Limited announced the appointment of Brendan Harris as managing director and chief executive officer. Metal Tiger has a 1.71% stake in Sandfire, representing just over 7mln shares.

OKYO Pharma Ltd (LSE:OKYO, NASDAQ:OKYO) said it will be hosting a Key Opinion Leader event on Monday 14 November. The event is called “Introducing OK-101 as a Potential Treatment for Dry Eye Disease,” with OKYO’s pharma team providing updating on OK-101.

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