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Risers & Fallers: Auto Trader, Oilex, Kennedy Ventures, Reach4Entertainment, North River

Below are the main news-driven share price movements at 4pm.

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Auto Trader was higher as the week drew to a close

Below are the main news-driven share price movements at 4pm.

RISERS

Oilex (LON:OEX) up 75%. Shares have resumed trading in Australia after a brief suspension.

Kennedy Ventures (LON:KENV) up 17.5%. The company confirmed that its 75% owned subsidiary African Tantalum has agreed an offtake agreement with “a major leading manufacturer of electronic components,” but said reports of pricing doesn’t accurately reflect the deal.

Auto Trader (LON:AUTO) up 2.75%. The company thrilled investors with a maiden dividend after sales ramped up in the first half of the year.

 

FALLERS

Reach4Entertainment (LON:R4E) down 50%. The company has raised £4mln through the placing of 400mln shares at 1p per share, more than half the price at yesterday’s close.

Caza Oil & Gas (LON:CAZA) down 25%. Third quarter results reflected the group’s earlier decision to cut capital spending on new drilling, lower volumes and lower prices. Its financial performance continues to be impacted by lower crude price.

North River Resources (LON:NRRP) down 21%. The company has published a revised work plan for its Namib project due to the continued delay in the award of a mining licence for the project.

 

Below are the main news-driven share price movements at 1pm.

RISERS

SWP Group (LON:SWP) up 11.5%. The company decided not to pay a dividend for the year after delays to the launch of its ULVAGRP system meant it would not be ready for launch for another year.

Fusionex International (LON:FXI) up 7.7%. The company has teamed up with Dell in a new strategic partnership to roll-out ‘Big Data’ analytics in Asia.

CloudTag (LON:CTAG) up 5.2%. Chief executive Amit Ben-Haim said he is “pleased” with the quality of the first batch of wearable health and fitness devices ahead of the product launch next year.

 

FALLERS

DX Group (LON:DX.) down 65.9%. The company said profits for the year would be “significantly below” market hopes, as market conditions have deteriorated in the first half.

Akers Biosciences (LON:AKR) down 13.2%. The company saw sales fall more than 50% in the third quarter but said it would return to normal levels in the fourth quarter after a lower than usual depletion of stock.

IMI (LON:IMI) down 3.4%. The firm was cut to ‘hold’ from ‘buy’ at Societe Generale with a new target price of 975p as engineers got a lot of coverage today.

 

Below are the main news-driven share price movements at 9.15am.

RISERS

Japan Residential Investment Company (LON:JRIC) up 31.8%. Nikko III has made a 72p per share offer for JRICvaluing the company at £152.6mln.

Ienergizer (LON:IBPO) up 16%. First half operating profits rose to US$13.7mln from US$9.8mln the year before despite lower revenues as the company said actions to consolidate its operations had led to much better margins.

Minco (LON:MIO) up 13.8%. The company has been granted three new prospecting licences in Ireland. The new licences, PLs 1228, 1229 and 3981, have the potential for zinc-lead mineralization of Tynagh Mine type and will last for six years.

 

FALLERS

Alpha Pyrenees (LON:ALPH) down 78.7%. The company reported an adjusted net asset value of 0p in the first half from 2.4p the year before due to losses in the period, property revaluation and foreign exchange headwinds.

DCD Media (LON:DCD) down 28.2%. The company announced it has not been commissioned for a third series of the ITV prime time show Celebrity Squares. The loss of revenue will hit this year.

Nu-Oil & Gas (LON:NUOG) down 23.8%. The company has raised £440,000 through the placing of 124.3mln new shares at 0.35p per share.

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