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Risers & Fallers: African Copper, Christie Group, Red Rock Resources, Sareum, ScS Group, Tiziana

Published: 00:19 08 May 2015 AEST

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Below are some of the main news-driven share price changes at 3.15pm.

RISERS

Tiziana Life Sciences (LON:TILS), up 20.1%. Shares advanced on Thursday after the company unveiled a deal with Cardiff University that sees the AIM firm exclusively license a novel anti-cancer stem cell agent.

Sareum Holdings (LON:SAR), up 12.3%. Financing must be getting easier to come by, as cancer drug discovery firm Sareum joined the long list of companies terminating its equity swap financing agreement with YA Global Master. The agreements are disliked by shareholders because of the dilutive effect on their shareholdings.

Christie Group (LON:CTG), up 9.2%. The owner of the famous auctioneer said Christie & Co has opened up a new operation in Sweden.

LOSERS

African Copper (LON:ACU), down 75.0%. The company plans to delist from AIM and the Botswana Stock Exchange.

ScS Group (LON:SCS), down 30.5%. Warm weather and uncertainty over the election result were just two of the reasons/excuses (delete according to viewpoint) for a shocking trading performance over Easter and the early May bank holiday.

Red Rock Resources (LON:RRR), down 17.7%. The mining and exploration company said its local partner in Kenya has lost its special licences numbered 122 and 202, though the company intends to challenge the ruling by the Ministry of Mining.

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Below are some of the main news-driven share price changes among FTSE 350 stocks at 12.15pm.

RISERS

Telecity Group (LON:TCY), up 18.4%. American rival Equinix has crashed the wedding party between Telecity and Dutch firm Interxion, offering £11.45 a share for the UK data centres operator in a shares-plus-cash offer.

Genus (LON:GNS), up 4.5%. The shares have been volatile this week, rising on Tuesday after Liberum reiterated its 'buy' recommendation for the animal genetics company, then falling sharply yesterday.

Just Eat (LON:JE.), up 3.0%. The online fast-food order clearing house has had its price target raised to 550p from 515p by Citigroup.

FALLERS

Morrison (Wm) Supermarkets (LON:MRW), down 6.8%. In the 13 weeks to 3 May, like-for-like* (LFL) sales were down 2.9% (6.6% including fuel). That compares to a 6.4% decline (including fuel) in the November – January quarter. On top of that, the shares are trading ex-dividend today. 

Acacia Mining (LON:ACA), down 4.9%. The shares are trading today without the right to receive the recently announced dividend.

IMI (LON:IMI), down 4.1%. The former Imperial Metals Industries is suffering a bit of metal fatigue after its interim management statement, which revealed that trading conditions remain “challenging”. Organic group revenues and margins in the first half of the year are set to be lower than last year, the company said.  

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Below are some of the main news-driven share price changes shortly at around 9.00am.

RISERS

Stellar Diamonds (LON:STEL), up 22%. A second batch of stones from trial mining at its Baoule site, in Guinea, will go on sale soon, with up to 4,439 carats set to be auctioned in Dubai and Antwerp.

Telecity Group (LON:TCY), up 20%. Shares in the data centre operator opened higher after an American rival moved to scuttle its £3bn all-share merger with a Dutch firm Interxion.

Eurasia (LON:EUA), up 8%. The Russia based mine developer contracted the initial engineering work for the West Kytlim project and said planning for the 2015 resource drilling programme was now advanced. It comes as the group awaits the formal award of a mining permit.

FALLERS

African Copper (LON:ACU), down 75%. The junior mining company told investors it will de-list from the stock market in order to save money. It is also borrowing another US$1.5mln from its major shareholder, which is already owed over US$100mln.

Red Rock Mining (LON:RRR), down 11%. The group’s interests in Kenya are in doubt as the government has terminated licences held by its associate. Red Rock Kenya Ltd has now, separately, applied for the land.

MXC Capital (LON:MXCP), down 21%. The AIM-quoted technology focussed merchant bank revealed plans to raise £12mln, at a discount, to enable a buy-out of its parent MXC Holdings and to pursue a number of near term opportunities.


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