logo-loader

Risers & Fallers: boohoo.com, Alba Mineral Resources, Galantas, SIG, IP Group, Tex Holdings

Published: 00:35 10 Aug 2016 AEST

Online shopping

Below are some of the main news-driven share price changes at 3.30pm.

RISERS

Boohoo.com PLC (LON:BOO), up 6.4%. The company has performed well during the first five months of the year and the start to August has been encouraging

Alba Mineral Resources PLC (LON:ALBA), up 8.6%. Alba has exercised an option to acquire a 5% interest in the Brockham oil field.

Galantas Gold Corporation (LON:GAL), up 6.3%. The company announced equipment purchases for its underground gold mine at Omagh, and the results of a detailed study of near-mine structural geology, which has expanded the exploration potential of the mine locality.

FALLERS

SIG PLC (LON:SHI), down 5.2%. Interim results revealed a 20% year-on-year rise in underlying pre-tax profit to £47.7mln for the building products distributor.

IP Group Plc (LON:IPO), down 3.9%. The intellectual property group made an adjusted loss before tax of £31.1mln in the first half of the year, versus a profit of £70.1mln the year before.

Tex Holdings PLC (LON:TXH), down 2.6%. The engineering firm’s half-year profit before taxation was flat at £495,000.


Below are some of the main news-driven share price changes at 12.30pm.

RISERS

Aquatic Foods Group PLC (LON:AFG), up 62.5%. The Chinese marine foods and seafood processor has appointed a new finance director, Ms Po Ling Low. She’s been granted 200,000 warrants exercisable at 20p a pop.

Great Western Mining Corporation PLC (LON:GWMO), up 10%. The company has signed a cooperation agreement for the initial development of its M1 Copper-Gold prospect in Mineral County, Nevada.

Amec Foster Wheeler PLC (LON:AMFW), up 9.5%. The oilfield support services titan reported a half-year loss before tax of £446mln, versus a profit of £73mln the year before.

FALLERS

SolGold plc (LON:SOLG), down 8.6%. Nick Mather, CEO of SolGold said that the company was very pleased to see the recent upswing in project, corporate and regulatory activity in Ecuador, which included Lundin Gold concluding negotiations regarding the investment protection agreement for the Fruta Del Norte project.

Forte Energy NL (LON:FTE), down 7.1%. The company has issued 3,355mln shares to Darwin Capital in exchange for £100,000 of convertible loan notes.

Legal & General Group PLC (LON:LGEN), down 5.8%. Half-year figures generally got the thumbs-up from pundits and the thumbs-down from traders. “Investors should … be aware that sentiment towards the sector may be erratic as Britain negotiates its withdrawal from the EU,” advised Graham Spooner, a research investment analyst at The Share Centre.

 


Below are some of the main news-driven share price changes at 9.30am.

RISERS

STM Group Plc (LON:STM), up 25%. The financial services provider said its strategy of drumming up new business by waiving the initial establishment fee for its QROPS product led to a month-on-month increase in new orders of 28% in July.

Tri-Star Resources PLC (LON:TSTR), up 11%. Strategic & Precious Metals Processing, in which Tri-Star has a 41% stake, has launching its Oman Antimony Roaster project into the procurement and implementation phase.

Ortac Resources Ltd (LON:OTC), up 8.3%. The exploration and mine development company has exercised its right and issued a request to Zamsort to convert secured convertible loan notes into 19.35% of the issued share capital of Zamsort.

FALLERS

Motif Bio Plc (LON:MTFB), down 17%. The antibiotics company has postponed its planned stock market listing in the US.

Mkango Resources Limited (LON:MKA), down 5.3%. The company has identified two more potential rare earths targets in Malawi from an airborne survey funded by the World Bank.

GLI Finance Limited (LON:GLIF), down 5.1% at 25.75p. The company plans to raise £7.1mln placing shares at 31p a pop and signalled its intention to put dividend payments on hold from next year.

Australian Strategic Materials signs US$600 million LoI

Rowena Smith, CEO and managing director of Australian Strategic Materials Ltd (ASX:ASM, OTC:ASMMF), joins Jonathan Jackson in the Proactive studio to discuss the company’ s Dubbo Project, in Central West New South Wales. This project aims to extract and process critical minerals and rare earth...

10 hours, 29 minutes ago