The shares shot up 11% after the skills development specialist said it would be attending the Mello 2019 investor conference in London this week.
Attendance for a single day is nigh on a hundred quid – and that excludes car parking at £2.20 an hour – so there will presumably be some serious investors there.
1.45pm: Tricorn increases manufacturing capacity
Tricorn Group PLC (AIM: TCN.L), the tube manipulation specialist, has extended its capabilities and facilities in the USA.
The company has coughed up US$50,000 for a custom built, powder coat and wet spray painting line facility from Precision Partners that, Tricorn believes, originally cost more than half a million dollars.
Tricorn has secured an initial five year lease from the Development Authority with the option to extend for a further five years as well as an option on an additional 50,000 square feet of space within the building.
Shares in Tricorn were up 6% at 18p, valuing the company at around £5.8mln.
12.40pm: Eagle Eye flying high
The share rose 6.9% to 162p on the back of the announcement of a partnership with News America Marketing, described as the premier marketing services company in the US and Canada.
The agreement establishes a partnership where the parties will collaborate to provide personalised digital and analogue advertising and incentives in real time to shoppers in the North American region.
11.45am: Microsaic on the up ahead of its AGM
The company, which develops and markets chip-based mass spectrometry instruments. said orders received year-to-date have been significantly above orders received by the company in the whole of the first half of 2018.
The shares were up 15% at 1.55p.
11.00am: Red Emperor lifted by performance bond refund
Technically, it is the company's own money it has “come into” as it has received US$1.05mln following the refund of the performance bond related to the drilling within the Western Blocks on the North Slope of Alaska.
Red Emperor has a current cash balance of A$5.9mln.
The shares were up 22% at 0.65p.
10.15am: N4 Pharma slides as it looks to reduce dependence on Nuvec
Drugs developer N4 Pharma PLC (LON: N4P) received a lukewarm reception to its 2018 results.
The specialist pharmaceutical company that is developing Nuvec, a novel delivery system for vaccines and cancer treatments, said it is looking at adding other strings to its bow after Nuvec had some iffy trial results in April.
Aside from government grant income, which dipped to £72.832 last year from £109,913 in 2017, the company is in the pre-revenue stage and thus loss-making; it made a loss before tax of £1.2mln versus a loss the year before of £1.8mln.
9.30am: Greggs on a roll-out
The shares were shifting like hot cakes on Tuesday morning in the wake of a trading statement that boasted of an “exceptional” start to the year.
Greggs said the sales boom it has enjoyed so far this year has been helped by the roll-out (no pun intended) to all stores of its vegan sausage rolls, demand for which has outstripped supply.
The shares were up 11.6% at 1,997p.
We've started the week off right, with a #vegan sausage roll from @GreggsOfficial to celebrate National #Vegetarian Week????— RareDM (@RareDigitalM) May 13, 2019
As you can see, there were no complaints from Zach! ????#VeganSausageRoll #Greggs #NationalVegetarianWeek #Rare pic.twitter.com/OgssMuE9zL
The company has now received the funds from its recent placing and has recommenced development of the project, which is located in south-west Tanzania.
Of late, Edenville has only achieved modest levels of production and as such the inventory of washed coal has been exhausted. The company has been able to sell all the washed coal it has produced to date and believes the current contracts that are in place for circa 8,000 tonnes per month in aggregate will be able to be satisfied from opening up the northern mining area.
The shares were the top performers in early trading, up 38% at 0.0725p, valuing the company at just over £1mln.
Proactive news headlines:
Sunrise Resources PLC (LON:SRES) has had its permit submission for exploration at the NewPerl perlite project in the USA approved by the Bureau of Land Management. The work programme is designed to test the Knoll prospect at NewPerl.
Faron Pharmaceuticals Ltd (LON:FARN) has raised around €1.34mln (£1.15mln) from a share subscription by an existing shareholder to extend the company's working capital into mid-fourth quarter 2019 following on from a share placing in March.
OptiBiotix Health PLC (AIM: OPTI) has signed an exclusive distribution deal for its weight loss product in Thailand. The three-year agreement with Primo Trading will see the Thai company buy a minimum of 500kg of SlimBiome in the first 12 months, rising to 5,000kg by year-three. It has already made an initial 100kg purchase.
Concepta PLC (LON:CPTA) coupled annual results with news of early successes for its myLotus fertility product for couples in the early stages of trying to conceive. The self-test product went on sale last year and a supply agreement was struck with Boots in the UK in March.
Savannah Resources PLC (LON:SAV) has welcomed the establishment by France and Germany of a European cross-border battery cell consortium. The consortium will develop next-generation batteries for electric vehicles (EVs).
Mosman Oil And Gas Ltd (LON:MSMN) has raised £750,000 of new capital and has agreed to drill two wells at the Champion project, in Texas. The wells follow the capture of 3D seismic data and the company expects they will provide an increase in production and revenues.
Touchstone Exploration Inc (LON:TXP) told investors that production in the first quarter averaged 2,121 barrels per day. That represents a 37% improvement on the comparative period of 2018, and, a 15% rise on the preceding quarter.
US Oil & Gas PLC (USOP) told investors it has decided to focus on plans for new wells rather than frack the previously drilled Eblana-3 well. The decision comes after a technical review of the project.
Scotgold Resources Limited’s (LON:SGZ) chairman and major shareholder Nat Le Roux has transferred a batch of options to Rhodara, a Jersey-based investment company for a nominal sum. Le Roux informed the Scottish gold miner that due to his current holding being almost 50% he was unlikely to take up the options, which are over 1.745mln shares and exercise at 40p.
Eden Research PLC’s (LON:EDEN) chairman, Lykele van der Broek will hail the key milestones and good progress made with the commercialisation and regulatory clearance of its products at the biopesticides firm’s annual general meeting to be held on Tuesday as the group moves to benefit from changes to agchem industry.
As investors in Canadian Overseas Petroleum Limited (LON:COPL) look forward to drilling at the OPL 226 asset offshore Nigeria, the company has released quarterly financial results. The pre-revenue explorer reported a US$1.12mln loss for the period, and, told investors that it ended March with US$899,000 of cash and equivalents. Big Pic in May.
Sound Energy PLC (LON:SOU) said that non-executive director David Clarkson is to step down from the board after completion of the company's ongoing operational programme in Eastern Morocco, which is expected to complete towards the end of the first half of 2019. The group said Clarkson will remain on the board, to assist the company during the transitional period around the appointment of a new non-executive director, until 13 August 2019. It added that the firm has commenced the process of identifying a new independent non-executive director and anticipates making an announcement shortly.
Adamas Finance Asia Limited (LON:ADAM), the pan-Asian diversified investment vehicle, said it will be exhibiting at the Mello Investment Trusts & Funds event on Wednesday 15 May 2019 at the Clayton Hotel Chiswick, London, W4 5RY.