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Risers & Fallers: Red Rock Resources, Asian Citrus, Goodwin and more

Below are the main news-driven share price movements at 4pm

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Red Rock Chairman Andrew Bell bought shares in the company

Below are the main news-driven share price movements at 4pm

RISERS

China New Energy (LON:CNEL) up 22.4% to 2p. The firm confirmed speculation in the press about a "ground breaking ceremony" being held at a cassava to ethanol project in Zambia to promote the project in the local community.

Red Rock Resources (LON:RRR) up 20% to 0.02p. Chairman Andrew Bell bought 10.6mln shares at 0.014p per share to take a 1.4% stake in the firm.

Volvere (LON:VLE) up 15.4% to 430p. The firm has sold its 76% stake in transport consultant JMP Consultants for £8mln to Systra having bought the firm for £400,000 in 2013. Volvere is expected to retain about £5.5mln of the cash after expenses.

 

FALLERS

Asian Citrus (LON:ACHL) down 18.5% to 5.5p. The company said the upcoming orange crop from its Hepu and Xinfeng plantations will likely see production output fall at both, which will hit full-year revenue and profit.

Goodwin (LON:GDWN) down 7.2% to 1,800p. The firm said it did not know whether it will be able to find work to make up for a shortfall in the oil, gas and mining industries. The engineering company also reported pre-tax profit halved in its first half.

 

Applied Graphene (LON:AGM) down 5.6% to 182p. It has raised £8.1mln through the placing of 4.6mln shares at 175p each, and held open offer of up to 1.1mln shares to raise up to £2.0mln at the same price.

 

Below are the main news-driven share price movements at 1pm

RISERS

Zincox Resources (LON:ZOX) up 34% at 0.78p. Shareholders approve resolutions for US$5mln placing or handing over Korean plant if money can’t be raised.

Concha (LON:CHA) up 25% to 0.78p. Rally after heavy falls yesterday as planned investment in company fell through.

Anglo American (LON:AAL) up 4% to 275p. Best performer on the FTSE 100 and some relief after the torrid past few past weeks for mining major and De Beers owner.

FALLERS

Armadale Capital (LON:ACP) down 17% to 3.13p. Raised £420,000 through a placing at 3p to advance Mpokoto gold project at Katanga in the DRC.

Octagonal (LON:OCT) down 9% to 0.7p. Profit taking after decent set of interim results. Adjusted operating profit before exceptional items amounted to £0.4 mln compared to £0.2mln. Second half prospects look 'very positive' for the broker.

John Lewis of Hungerford (LON:JLH) down 5% to 1.3p. Loss for the year to end August. Following a strong first quarter, the kitchen specialist suffered a series of unplanned staffing changes, including the resignations of two experienced designers.

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Below are the main news-driven share price movements at 9.30am.

RISERS

Electric Word (LON:ELE) up 33.3% to 4p. The firm was the morning’s biggest gainer as it has agreed to sell its 70% stake in iGaming Business to Clarion Events for around £13.8mln. The deal values iGB at £19.7mln.

Hardide (LON:HDD) up 27.6% to 1.5p. The firm was rising for the second day in a row as the surface coating technology group says its Hardide-A coating has met Airbus technical performance standards and is now available for use on some of the European aircraft maker's aircraft parts.

Mediazest (LON:MDZ) up 17.8% to 0.17p. The investment company said it has secured a number of material additional contracts since October and completed several “significant” projects. It added that this year has seen the company record its best ever results.

 

FALLERS

Impact Holdings (LON:IHUK) down 30% to 73p. The firm fell as losses widened due to upfront legal costs as it tries to recover money owed by a third party.

Infrastrata (LON:INFA) down 23% to 1.25p. The company announced a placing of around 36mln shares at 1.25p per share to raise £450,000.

WH IRELAND (LON:WHI) down 12% to 88p. A potentially substantial fine could be imposed on the company by the Financial Conduct Authority. WH IRELAND is in discussions with the FCA regarding liabilities in the period January-June 2013.

 

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