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Wednesday's movers including Petrofac, Hummingbird Resources, Fastjet and TyraTech

Published: 04:36 27 Aug 2014 EDT

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Footsie was almost flat Wednesday in early deals as traders were unsure which way to turn and the big gainer was oil services group Petrofac (LON:PFC) making up for yesterday's losses.

Among the big AIM gainers was TyraTech (LON:TYR), which rose over 8% as it secured listings for its  Vamousse head lice mousse and shampoo with two big name blue-chip British retailers.

Grocers Tesco (LON:TSCO) and Sainsbury (LON:SBRY) will join Boots and Superdrug in stocking the breakthrough new products when they hit the shelves in the UK next month.

The roll out will be supported by a nationwide advertising campaign to coincide with the new school year.

TyraTech is building a head of steam for Vamousse, which is naturally derived, but is proven to be fast and effective in combatting and protecting against head lice.

Wal-Mart, the world’s largest retailer, stocks it in more than 4,000 stores in the US and it is available online at Amazon.com, drugstore.com and Walgreens.com

Meanwhile, Caza Oil & Gas (LON:CAZA, CVE:CAZ) pulled back slightly although it revealed its latest drill success in the Bone Springs play.

It means the firm is poised for another step-up in production and reserves.

Caza has revealed that the latest well at the 52.5% Gamma Ridge project, New Mexico, has under controlled flowback produced at a rate of 870 barrels oil equivalent per day – comprising 679 barrels of oil and 1.15mln cubic feet of gas.

The well, tagged Gramma Ridge 27 State #2H, was a step-out from a prior well success and as such the positive result has added significance as it opens up more drilling locations and extra reserve potential.

Fastjet (LON:FJET) shares were wanted after it has applied fora  Kenya air licence.

To comply with local airline ownership rules in Kenya, 51% of the equity of Fastjet Kenya is owned by a Kenyan national. The balance of 49% is ultimately held by Fastjet plc.

To get an air service licence, airlines have to submit a business plan, including their proposed operation, aircraft specifications and commercial strategy.

Fastjet (LON:FJET) will also need an “air operating certificate” before it can start flights from Kenya

Fastjet said that it expects the Kenyan Civil Aviation Authority will review its application for an air licence in the next month or so.

Hummingbird Resources (LON:HUM) rose well over 3% in early deals as its chief executive Dan Betts said its  Dugbe-1 gold project in Liberia “remains a company-making deposit”, but added the immediate focus is the Yanfolila mine in Mali, which offers the potential of early cash generation.

Betts made the comments as Hummingbird gave an update on what has been a busy period in the company’s development.

Having acquired Yanfolila for US$33mln (£20mln) from Gold Fields just two months ago it has secured a US$75mln debt facility with Taurus Funds Management, which will be used to bring the mine into production by the end of next year.

At the same time it has an 11,000-metre drill programme underway to increase the oxide portion of the resource, which currently stands at 1.8mln ounces.

Chaarat Gold (LON:CGH) also saw shares lifted as major investor Fasanara Capital Limited now holds 18.11% of the firm after a series of transactions.

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