Risers & Fallers: Argos Res, Baron Oil, Jubilant Energy, Richland Res, Stellar Res, Wishbone Gold


Below are some of the main news-driven price changes at 3.15pm.


Baron Oil (LON:BOIL), up 72.3%. The shares took a dip last week after the company said crude oil production from the Nancy number 1 well was temporarily shut-in over the Easter weekend as the crude oil storage facilities located in the field area were now full. There has been no news to suggest that production has resumed, and in any case a 72% rise on such news seems out of proportion, so maybe something else is afoot.

Richland Resources (LON:RLD), up 16.7%. Pre-production mining has commenced at Richland’s Capricorn Sapphire mine in Queensland Australia.

Wishbone (LON:WSBN), up 14.8%. The company said is to present update on its Australian gold properties this weekend and give an overview of its exploration and expansion plans.


Jubilant Energy (LON:JUB), down 45.5%. The company’s employees appear to be part of an investigation in India into confidential oil industry documents being available on non-governmental web sites.

Stellar Resources (LON:STG), down 15.0%. Add this one to the list of Horse Hill stakeholders that are seeing profit-taking after last week’s sensational gains.

Argos Resources (LON:ARG), down 15.0%. The company has farmed its acreage in the North Falklands Basin. Noble Energy and Edison International will take over ownership of the licence, PL001, in return for one exploration well plus a chunk of back costs already incurred.


Below are some of the main news-driven share price changes at 1.00pm.


Epistem (LON:EHP), up 25.5%. The biotech firm has moved a step closer to the launch in India of its Genedrive diagnostic device.

Coms (LON:COMS), up 23.9%. Shares plunged last week as deposed chief executive David Breath dumped a load of shares. They rebounded today, even though Breath has sold his remaining holding of 94.7mln shares.

Clear Leisure (LON:CLP), up 37.5p. The shares resumed trading on Friday after it received £250,000 in short-term funding, but did not move much when they did. Today, for no apparent reason, the shares are on the move.


Alba Mineral Resources (LON:ALBA), down 20%. The shares continue to drift back after last week's stonking rise on the back of new revelations over the potential of the Horse Hill asset in the Weald basin.

Wildhorse Energy (LON:WHE), down 19.6%. Another stock seeing some profit taking after it announced last week it was moving into potash with the purchase of two assets in Australia.

Plutus PowerGen (LON:PPG), down 18.8%. The shares have taken a hit this morning after the posting this morning of an article from the Plymouth Herald, dated 9 January, about the planning process for a proposed power plant..


Below are some of the major news-driven share price changes among FTSE 350 stocks at 11.15.


Centamin (LON:CEY), up 3.8%. The shares are up after a weekend of reflection on last week's first quarter results. The company has revealed its AGM will be held on May 18, which is 10.00 on a Monday morning.

Cranswick (LON:CWK), up 2.1%. The foods group released well-received fourth quarter results last Thursday.

HSBC Holdings (LON:HSBA), up 1.6%. Jefferies has ratcheted up its price target from 5,600p to 5,800p.


BHP Billiton (LON:BLT), down 2.7%. Citigroup moves from 'buy' to 'neutral'.

Anglo American (LON:AAL), down 2.4%. Citi moves from 'neutral' to 'sell'.

Vedanta Resources (LON:VED), down 2.2%. Citi downgrades the stock from 'neutral' to 'sell'.

The FTSE 350 was down 14 (0.36%) at 3,886.


Here are the main news-driven movers at 9am


Shares in animal drug specialist Eco Animal Health (LON:EAH) rose 12.2% in early deals as the group said profits for the year were likely to exceed market expactations.

"The group has continued to make strong sales progress from its more recently licensed drug registrations and by developing  to newly accessed markets with existing licences," it said.

KEFI Minerals (LON:KEFI) went up 11.63% asd it confirmed the mining agreement for its flagship Tulu Kapi gold project in Ethiopia will officially be signed later today.

The country’s minister for mines, Tolassa Shagi Moti, and KEFI chairman Harry Anagnostaras-Adams will put pen to paper in Addis Ababa at 2pm London time.

Teathers Financial (LON:TEN) was the biggest riser in London, with shares up 20.83%. The shell company has been a big gainer recently after a £500,000 fund raise at the end of last month. Teathers issued 12.5 mln new shares at 4p. Today they stand at 7.25p.


US broker Citigroup scrapped its ‘buy’ rating on mining major and iron ore heavy BHP Billiton (LON:BLT), dropping the price target price to £15.50 from £18. Shares dropped 2.12%.

Image Scan Holdings (LON:IGE) plunged over 21% as it revealed it said it expects to post a pre-tax loss of around £380,000 in the latest half year, compared to a loss of £59,000 in the previous year.

In a similar vein, Symphony Environmental Technologies (LON:SYM) also plunged 17.65% yet it posted a narrowed loss for 2014. However, it was a loss all the same, coming in at £390,000, compared with a loss of £778,000 in 2013.

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