Small Caps
Small cap news round-up
88 Energy Oil and gas explorer 88 Energy said that Doyon Drilling’s Arctic Fox rig is to move to the Icewine 2 appraisal well in April after the completion of drilling on a nearby acreage.
88 Energy to move Arctic Fox rig in April
Oil and gas explorer 88 Energy said that Doyon Drilling’s Arctic Fox rig is to move to the Icewine 2 appraisal well in April after the completion of drilling on a nearby acreage.
Gulfsands funded to 2018 with new £4m facility
Syria, Tunisia, Colombia and Morocco-focussed oil and gas company Gulfsands Petroleum announced on Thursday that it finalised a secured term facility of up to £4m with its major shareholders.
Solo Oil raises £2m to fund joint venture commitments
Solo Oil announced on Thursday that it raised £2m before expenses through a company-sponsored placing of 400 million new ordinary shares of 0. 01p, at a price of 0. 5p per placing share, representing approximately 5. 7% of the issued share capital prior to admission of the placing shares.
Chariot awarded 75pc stake in new Morocco permit
Atlantic margins-focussed oil and gas exploration company Chariot Oil & Gas announced on Thursday that its wholly owned subsidiary, Chariot Oil & Gas Investments Morocco, was awarded a 75% interest and operatorship of the Kenitra Offshore Exploration Permit in partnership with the Office National des Hydrocarbures et des Mines, which holds a 25% carried interest.
Jarvis Securities beats chairman's pessimism in full-year results
Jarvis Securities posted its final results for the year to 31 December on Thursday, with revenue from continuing operations rising to £8. 32m from £7. 61m in the prior year.
Huntsworth improves investor relations with profit upgrade
Public relation group Huntsworth has revealed 2016 trading was ahead of consensus forecasts thanks to strong growth at its health communications arm.
Infrastructure India's cargo volumes weakened by demonetisation
Shares in Infrastructure India tumbled on Thursday after saying cargo volumes have gradually improved since demonetisation by the Indian government, but recovery to prior levels depends on the rebound of the manufacturing sector.
Versarien signs Nanene distribution deal with Lansdowne Chemicals
AIM-listed advanced materials company Versarien has inked a six-month distribution agreement with Lansdowne Chemicals for its new graphene brand, Nanene.
Avation improves H1 pre-tax profit
Shares in Avation are up more than 5% after it hiked its first-half pretax profit by 51% to $8. 4m, and said it is well positioned for the second half of the year.
MTI Wireless Edge remains strong through broadband struggles
Flat panel antenna manufacturer MTI Wireless Edge announced its audited results for the year to 31 December on Thursday, with revenues increased by 19% to $23. 3m.
Client issues see SimiGon perform below expectations
Simulation training solutions provider SimiGon updated the market on its trading for the year to 31 December on Thursday, ahead of announcing its final results for the period in April.
Zytronic's revenue ahead of last year
Touch screen technology manufacturer Zytronic’s revenue for the year to date was ahead of the previous year.
EG Solutions wins £692,000 public sector contract
Shares soared in EG Solutions after the back office technology company said it had won a £692,000 contract to implement its operational intelligence software within the public sector.
Akers Biosciences gains US patent for disposable cartridge
Akers Biosciences, a developer of rapid health information technologies, has been granted a US patent for its wellness disposable markers.