logo-loader

Proactive snapshot: Clinigen Group, hVIVO, Red Rock Resources

A look at some of the top stories from the Proactive newswire today

Today's news digital and newspaper stack

Clinigen Group PLC (LON:CLIN) said its international platform was taking shape to support higher organic growth as it said profits advanced by a third in the first half. Later it was revealed that finance chief Nick Keher had snapped up around £35,000 worth of the company's shares at a price of 893p apiece.

Diversified Gas & Oil PLC (LON:DGOC) has confirmed the completion of its acquisition of assets from EdgeMarc Energy Holdings, including twelve Utica gas wells and related facilities.

IronRidge Resources Ltd (LON:IRR) said it has received positive air-core drilling results for its Bianouan gold licence in Côte d'Ivoire.

Jersey Oil and Gas PLC (LON:JOG) confirmed it has landed new acreage from the UK government’s 31st supplementary offshore licensing round.

The City Pub Group PLC (LON:CPC) has reported an almost 20% rise in profits for its first half as it shifted its focus toward developing its pub estate and improving dividends for investors.

hVIVO PLC (LON:HVO) said it is primed for profitability next year. The projection was made alongside interim results that revealed £11mln of costs have been extracted from clinical development services business since 2017.

Renewable power provider SIMEC Atlantis Energy Limited (LON:SAE) said it achieved its best-ever operating results at its MeyGen tidal power project. Revenue for the first six months of the year increased to £2mln from £1.3mln the year before, with the majority of the revenue coming from MeyGen power sales.

In Sound Energy PLC’s (LON:SOU) half yearly results the company told investors that it continues to expect completion of monetisation efforts for its Eastern Morocco portfolio before the end of 2019.

Argo Blockchain PLC (LON:ARB) has installed 1,000 new cryptocurrency mining machines, taking the total number in production to 6,000.

Pharm2Farm, one of Braveheart Investment Group PLC’s (LON:BRH) investee companies, has reported good results from a basil-growing trial in Korea.

Red Rock Resources PLC (LON:RRR) expects to receive official confirmation of the grant of licences for its mineral assets in Kenya soon.

Copper explorer Asiamet Resources PLC (LON:ARS) expects proposed upgrades to bridges and roads in Central Kalimantan in Indonesia to take a chunk out of transport costs at its BKM project.

Anglo African Oil & Gas PLC (LON:AAOG) has received another payment of US$600,000 from the Congolese national oil company.

NetScientific PLC (LON:NSCI) shares bounced higher on Thursday after its portfolio firm, PDS Biotechnology, announced positive data from a Phase 1 trial of a treatment for human papillomavirus (HPV). The company said its general aim for the second half of its financial year was to realise more value from its investee companies.

Kodal Minerals PLC (LON:KOD) said an environmental and social impact assessment (ESIA) for its Bougouni lithium project in southern Mali is progressing as planned.

Cabot Energy plc (LON:CAB) has agreed to raise US$350,000 of funds through a share sale to partner and major shareholder High Power Petroleum LLC (H2P).

Verona Pharma PLC (LON:VRP) will present positive interim data from a Phase 2 trial with its dry powder inhaler formulation of ensifentrine in chronic obstructive pulmonary disease at the European Respiratory Society International Congress a week on Sunday. As announced in March, the magnitude of improvement in lung function and duration of action were highly statistically significant and support twice daily dosing of ensifentrine for the treatment of COPD. 

Adamas Finance Asia Ltd (LON:ADAM) improved cash income sharply in the first half and could begin paying a dividend soon, said broker Pello Capital as it began coverage of the pan-Asian diversified investment vehicle on Thursday. Analysts at Pello, one of the company's two 'house' brokers, concluded: "With its share price at 30p - representing a 66% discount - the share price is already reflecting a number of risk factors we believe; such as disposal & reinvestment risk, relative illiquidity of the shares and the wide bid-offer spread, plus the possibility of fresh equity issuance."

Seeing Machines Ltd (LON:SEE) chief executive Paul McGlone will present the company's year end results presentation live via webcast on Tuesday 24 September, hosted by Proactive Investors and streamed via YouTube at https://youtu.be/W8GifWJYiKc.

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Diversified Gas & Oil PLC named herein, including the promotion by the Company of Diversified Gas & Oil PLC in any Content on the Site, the...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Arizona Silver Exploration Chairman Mike Stark excited about outlook for 2019

Arizona Silver Exploration (CVE:AZS) Chairman Mike Stark sat down with Steve Darling from Proactive Investors Vancouver to talk about his Chairman's letter sent out to shareholders. In it, Stark talks about the positive past year and some exciting developments for 2019. The full letter can be...

on 28/2/19

RNS

Transaction in Own Shares

22 hours, 39 minutes ago

Transaction in Own Shares

1 day, 8 hours ago

Transaction in Own Shares

2 days, 22 hours ago

Transaction in Own Shares

5 days, 22 hours ago

Transaction in Own Shares

6 days, 22 hours ago

Transaction in Own Shares

1 week, 1 day ago

Transaction in Own Shares

1 week, 2 days ago

Holding(s) in Company

1 week, 2 days ago

4 min read