In a production update, the oiler reported sales revenue of US$534,000, a 191% increase on the previous six month period, while net production attributable to the company increased 35% to 4,417 barrel of oil equivalent.
The shares were the best performers in London, up 63% at 0.775p.
Since they peaked at 362.7p in October 2016 the shares fell to 111.25p in March 2017, at which point the chief executive officer, Rob Cotton, stepped down.
Today, the shares rose 10% to 221.2p as it moved back into the black with a profit before tax of £11.9mln in the 12 months to the end of May, having lost £44.8mln the year before.
“The business has been successfully stabilised following a period of volatility,” declared NCC’s chairman, Chris Stone.
“The combination of continuing growth and improving margins in the two operating divisions will deliver year on year improvements in adjusted EBIT in 2019 while also allowing us to make considered and targeted investments to support the business transformation programme,” he added.
11.00am: CloudCall's growth rate disappoints but investors dig Greatland Gold
The shares fell 8.4% to 142p as revenue and users growth slowed.
In the first half of 2018, revenue was up 31% year-on-year, having risen 42% in 2017. The number of users of the company’s communications functionality within customer relationship management platforms rose 34% to 27,000 but that growth rate was below the 45% achieved in 2017.
On the plus side, the reporting period was the best half-year to date for new orders.
#CALL Cenkos reduces FY revenue forecast after softer H1 blaming new hires taking longer to impact numbers. Maintains FY19 numbers— Mark Spooner (@markds28) July 17, 2018
"The first half of this year has played out largely as we expected it to,” declared Simon Cleaver, the chief executive officer of CloudCall.
“Solid and consistent growth in our sales numbers has continued, whilst we put the foundations in place that we expect to underpin further growth by making excellent progress with ongoing investments in our new integrated unified communications service and the expansion of our sales teams with high calibre, sector experienced staff,” he added.
On the sunnier side of the street, gold miner Greatland Gold PLC (LON:GGP) advanced 3.5% to 1.48p after it fired the starting gun on a new exploration programme at its Black Hills licence in Western Australia.
The first phase of the programme included plans for a 3D induced polarisation survey (3DIP) (a geophysical imaging technique) covering a strike length of 1,200 metres over the high grade gold mineralised zone identified at the Saddle Reefs prospect as well as areas immediately to the north and south of the area.
Major drilling campaign currently underway at Ernest Giles to test gold anomalies at Meadows, Empress and Wishbone and nickel prospect at Carnegie pic.twitter.com/QX9jIYekie— Greatland Gold (@GreatlandGold) July 16, 2018
9.00am: Anglo Asian Mining and ValiRx set the early pace
The gynaecological disorder occurs when tissue similar to the lining of the uterus, or endometrium, migrates outside of the womb, generally to the fallopian tubes, ovaries and tissue around the uterus.
The shares were up 14% at 2.84p on the news.
Total production from the Gedabek gold, copper and silver mining contract area in western Azerbaijan rang in at 37,349 gold equivalent ounces, a performance the company characterised as “excellent”.
The stock was the second biggest riser in London, advancing 14.4% to 51.5p.
Proactive news headlines:
ValiRx PLC (LON:VAL) has won US patent protection for its pre-clinical drug VAL301, which is being developed for the treatment of endometriosis. The gynaecological disorder occurs when tissue similar to the lining of the uterus, or endometrium, migrates outside of the womb, generally to the fallopian tubes, ovaries and tissue around the uterus.
Clinigen Group PLC (LON:CLIN) added a new product to its expanding medicine cupboard and said its business was growing in line with market forecasts. In an update, the speciality pharma company told investors it was acquiring the global rights to Proleukin for an undisclosed sum from Novartis.
Networking technologies group BATM Advanced Communications Limited (LON:BVC) is to hook up with FatPipe Networks to provide a hardware/software-agnostic solution offering real-time SD-WAN virtual network function services.
Empresaria Group PLC (LON:EMR) told investors it has made an investment in Peru with a deal to acquire a 60% stake in Grupo Solimano, an outsourcing and temporary staffing business. It is paying £2.1mln for the controlling stake, comprising £1.35mln of initial cash and subsequent deferred payment.
Landore Resources Ltd (LON:LND) has intersected widespread gold mineralisation in the 900 metre gap between the two existing deposits at BAM, part of the Junior Lake property in Ontario. Among the highlights were multiple instances of visible gold.
Pembridge Resources PLC (LON:PERE) is now in the final stages of completing its 10-for-1 share consolidation, after the plan was approved at the company's annual general meeting. Pembridge will confirm the date of admission of the new shares in due course, and correspondingly, also the date of the cancellation of the old shares.
NQ Minerals PLC (NEX:NQMI) (OTCQB:NQMLF), an Australia-based exploration and mining company, has announced the appointment of Kevin Puil as a non-executive director with immediate effect. The group noted that Puil currently serves as the founder and Managing Partner of RIVI Capital LLC which is a private equity fund focused on precious metals and providing investors direct access to physical metal exposure.