ATOME Energy PLC (AIM:ATOM) has had its target price increased to 190.3p from 168.4p by analysts at Liberum Capital with a reiterated 'buy' rating following news of the expansion of its flagship green ammonia production project in Villeta, Paraguay, doubling its capacity.
The increase in capacity to 120MW from 60MW will enable the facility to produce up to 100,000 million tonnes (Mt) of green ammonia per year once operational in 2025, the analysts noted.
Equities analysts at house broker finnCap reiterated their 15p target share price for Poolbeg Pharma PLC (AIM:POLB, OTCQB:POLBF) against the AIM-quoted life sciences company’s latest market price of 8.8p.
During a capital markets day held on Wednesday 30 November 2022, Poolbeg stressed its capabilities in the discovery and development of anti-viral drugs and anti-bacterial vaccines, as well as its proprietary patient datasets that aid these drug discovery programmes and wider business-development strategy.
Zephyr Energy PLC (AIM:ZPHR, OTCQB:ZPHRF) told investors that the next phase of production testing has now begun at the State 16-2 LN-CC well in Utah.
Testing in 2021 previously saw peak initial production rates of around 1,100 barrels of oil equivalent per day, constrained due to surface limitations.
ATOME Energy PLC (AIM:ATOM) intends to double the size of its flagship green ammonia production project in Villeta, Paraguay from 60MW to 120MW and has appointed a consortium of specialist firms to begin front-end engineering design (FEED) work with the intention of making a final investment decision (FID) in the second quarter of next year.
The 120MW facility will be hosted on the 75-acre Villeta site acquired earlier this year, adjacent to a newly built and commissioned substation owned by state energy company ANDE and a few kilometres away from of the navigable Paraguay-Parana Waterway that connects to major port, industrial and agricultural centres in the region.
Digitalbox PLC (AIM:DBOX), the AIM-quoted owner of leading websites Entertainment Daily, The Daily Mash and The Tab, said it has acquired the business and assets of thepoke.co.uk (The Poke) for an undisclosed sum.
Launched in 2002, The Poke is a British satirical website aiming "to provide an antidote to the daily grind" and deliver fast-turnaround topical distractions.
Faron Pharmaceuticals Limited (AIM:FARN, OTC:FPHAF) said its co-founder Dr Maija Hollmén, has been appointed as chief scientific officer (CSO) of the company.
As CSO, Dr Hollmén will oversee preclinical and support clinical development for the clinical-stage biopharma company and her priority will be the further development of bexmarilimab, Faron's wholly-owned, novel precision cancer immunotherapy candidate.
Genel Energy PLC (LSE:GENL, OTC:GEGYY) reported the receipt of US$54.2mln of payments from the Kurdistan Regional Government for oil sales during the month of July.
Benchmark Holdings PLC (AIM:BMK) announced the start of a bookbuild process as it seeks to raise additional capital, with the process in Norway expected to close after the 6 December.
San Leon Energy PLC (AIM:SLE, AQSE:SLE, OTC:SLGYF) updated on the process to consolidate interests in Nigeria, saying it is “now apparent to the Board of San Leon that the Proposed Transactions are unlikely to complete in the final quarter of 2022 but are instead more likely to complete during the first quarter of 2023.” The company has consequently moved the deadline for the deal to 31 March 2023.
AFC Energy PLC (AIM:AFC, OTC:AFGYF, ETR:QC8) confirmed that Peter Dixon-Clarke has now been appointed as chief finance o, following its prior announcement in September.
Quantum Blockchain Technologies PLC (AIM:QBT) updated on legal claims relating to Sipiem.
OKYO Pharma Ltd (LSE:OKYO, NASDAQ:OKYO) has changed its auditor with immediate effect, bring onboard PKF Littlejohn LLP to replace Mazars LLP. The prior auditor has sent to the company a statement confirming “that there are no matters to be brought to the attention of the Company's members or creditors.”
Naked Wines PLC (AIM:WINE, OTCQX:NWINF) gave notice for its interim financial results statement which will be released on 7 December.