Small Caps
EG Solutions sees continued business momentum year-to-date
EG Solutions's chief sounded a confident note on the company's outlook, pointing to a sustained momentum for contract signings year-to-date and good visibility on revenues.
Small cap news round-up
EG Solutions's chief executive was confident on the company's outlook and pointing to a sustained momentum for contract signings year-to-date, as well as good visibility on revenues.
LXi exchanges contracts on Haverhill Travelodge
LXi REIT announced on Wednesday that it exchanged contracts to acquire the Travelodge hotel at Haverhill, Essex.
CloudBuy's shares fall as FY revenue dips, pre-tax loss narrows
CloudBuy's shares fell almost 15% after after it reported a narrower full-year pre-tax loss with a minor revenue dip in what was a difficult year for the company.
Franchise Brands confirms potential acquisition
Franchise Brands confirmed on Wednesday that it is in advanced stages regarding a potential acquisition that would constitute a reverse takeover under AIM rules.
Eckoh wins largest contract to date
Global provider of secure payment products and customer contact solutions, Eckoh, announced on Wednesday that it won a new $3. 7m five-year contract to provide secure payment services to a large unnamed US telecommunications provider.
Strategic Minerals confirms start of Redmoor drill programme
Diversified mineral production and development company Strategic Minerals confirmed on Wednesday that Energold Drilling Corporation, the drilling company appointed by Cornwall Resources (CRL), informed CRL that it has commenced drilling at the Redmoor project in Cornwall.
LGO Energy confirms GY-682 well now on production
Shares in LGO Energy are down more than 2% after confirming its first development well, GY-682, is now on production at a stable initial rate of 55 bopd of light sweet crude oil.
Alecto says Capital Drilling awarded Mowana blast and drill contract
Alecto said Capital Drilling Ltd has been awarded the contract for drill and blast at the Mowana Copper Project in Botswana and is currently mobilising its equipment to site.
ECSC reports jump in revenues as it ramps up sales team
ECSC reported a sharp jump in revenues for the latest 15-month stretch as it made preparations to significantly scale the business over the course of 2017 ahead of new legislation due to come into effect in 2018, sharply increasing the size of its sales team in the process.
Cello Group confident of achieving expectations in 2017
Cello Group's shares are up almost 2% after investors focused on the company's confidence in achieving expectations for 2017 over its swing to a full-year pre-tax loss in 2016.
Quixant's shares surge after impressive FY revenue growth, good start to 2017
Shares in Quixant are up almost 5% as traders like its full-year results, which include a more than doubling of revenue, and news of a good start to 2017.
Verona Pharma partners with QuintilesIMS for respiratory disease clinical trials
Verona Pharma has entered into a strategic services agreement with QuintilesIMS, a provider of biopharmaceutical development services, relating to its respiratory disease treatments.
Van Elle Holdings' shares slide on FY revenue downgrade
Shares in Van Elle Holdings are down a fifth after it warned full-year revenue will come in 5% below previous expectations.
Solo Oil invests £2.55m in helium company
Natural resources investor Solo Oil has bought a 10% stake in Helium One for £2. 55m, which was partly paid for from a share placing.
James Cropper set for results ahead of expectations
James Cropper issued what its board called a “positive” trading update for the 52 weeks to 1 April on Wednesday.
ECR Minerals wins licences for Timor project
ECR Minerals updated the market regarding the company’s gold exploration licences in Victoria, Australia, on Wednesday, which are held by its wholly-owned Australian subsidiary Mercator Gold Australia.
Stratex posts positive results from Anbat project
Stratex reported on Wednesday that Thani Stratex Resources, in which it holds a 30. 4% interest, recently announced further drill results for its Anbat Project in Egypt.
Octagonal subsidiary to issue new 'SynergisBond'
Octagonal updated the market on a new business opportunity being developed by its wholly owned subsidiary, Global Investment Strategy UK.
Randall & Quilter Investment Holdings buys US insurer
AIM-listed Randall & Quilter Investment Holdings has bought ICDC, a captive insurer of a US Fortune 500 company, for an undisclosed sum.