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Proactive news round-up: H&T Group, Akers Biosciences, LGO Energy ...

Published: 11:00 10 Jan 2017 EST

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An upswing in the gold price and growth in personal loans means pawnbroker H&T GROUP PLC (LON:HAT) expects to report pre-tax profit for 2016 which will be marginally ahead of current market expectations.

After a successful 2016 during which its share price added 50%, Akers Biosciences Inc. (LON:AKR, NASDAQ:AKER) has raised US$2mln to help take it to the next level.

LGO Energy PLC (LON:LGO) has told investors that its chairman Stephen Horton has retired from the board and its committees  with immediate effect. Chief executive Neil Ritson will now take on the chairmanship in addition to his executive role.

Futura Medical PLC (LON:FUM) has signed a licensing agreement with one of the UK’s leading consumer healthcare companies to commercialise its fast-acting pain relief gel. The deal is with German group STADA, which owns Huddersfield-based Thornton & Ross.

Machine-to-machine wireless communications leader Telit Communications Plc (LON:TCM) said the certifications of the new LTE Cat-1 modules have rekindled growth in the Americas.

A tough trading environment for Acal Plc (LON:ACL) has taking the froth off the customised electronics supplier’s valuation, Peel Hunt asserts. In a trawl through second and third-line stocks, looking for undervalued shares, Acal was first on the list – albeit for alphabetic reasons.

Northern Petroleum Plc (LON:NOP) told investors that its open offer share sale to existing shareholders was oversubscribed. The junior oil firm has therefore raised some £752,500 through the open offer, in which the new shares were priced at 3.5p each.

Roxi Petroleum PLC (LON:RXP) has revealed a failure in its efforts to bring the Deep Well A6 to production. The A6 well, part of the BNG project in Kazakhstan, was drilled to a depth of 4,528 metres and was believed to have a 130 metres of oil bearing intervals.

Petro Matad PLC (LON:MATD) told investors it is still on track with its drill plans but a US$5mln payment due from Shell has yet to be received.

NQ Minerals PLC (ISDX:NQMI) has secured a short-term A$4mln loan for working capital purposes. The loan is secured against all present and future assets and undertakings of NQ Minerals, and a mortgage against a tenement.

Gem International Resources Inc (CVE:GI) has announced that is to raise C$400,000 through the sale of 8 million units, with each unit consisting of one share and one warrant, with each warrant exercisable at C$0.15 over a 2 year period.

Gold Bullion Development Corporation (CVE:GBB) has announced that it will change its name to Granada Gold Mine Inc. to align the company with its main project, the Granada gold property in Quebec.

Serica Energy PLC (LON:SQZ) shares rose 19% on Tuesday after the North Sea oiler’s positive operations update showed production ahead of expectations.

Proxama PLC (LON:PROX) has installed proximity marketing beacons on some of Chiltern Railways' Birmingham to London mainline trains as part of a trial to boost its network coverage. Advertisers will now be able send location-based content to commuters travelling between the two cities.

Abcam PLC (LON:ABC), one of the world’s largest suppliers of antibodies used in research, said revenue and gross profit margins were in line with market forecasts. Catalogue sales growth was 10.7% in the first half of the Cambridge group’s financial year with RabMAb, a suite of rabbit monoclonal antibodies, in huge demand.

Results from the exploration programme undertaken on the Kashitu zinc project in Zambia by BMR Group PLC (LON:BMR) have been “extremely encouraging” according to company commentary released today.

Australian Strategic Materials signs US$600 million LoI

Rowena Smith, CEO and managing director of Australian Strategic Materials Ltd (ASX:ASM, OTC:ASMMF), joins Jonathan Jackson in the Proactive studio to discuss the company’ s Dubbo Project, in Central West New South Wales. This project aims to extract and process critical minerals and rare earth...

5 hours, 6 minutes ago