Small caps news roundup
Clean-tech industrial oil re-refining company Hydrodec’s half year revenues rose, boosted by a new plant opening in the US. For the six months ended 30 June, revenues from the continuing core re-refining business increased by 148% to $8.1m, compared to the same period last year, due the company commissioning a new plant in Canton, Ohio at the end of 2015 and increased market penetration.
Solo Oil succeeded in raising £2.0m from an institutional investor. The explorer sold 1,111,111,111 new shares, which were equal to 15.9% of its issued share capital, at a price 0.18p, which were placed with Epsilon Pty.
Oil and gas investment company Paternoster Resources’ pre-tax profit increased as the company sold shares in existing mining investments. For the six months ended 30 June, profits after tax rose 61.5% to £443,170, compared to the same period in last year.
Edenville Energy, the company developing a coal to power project in south western Tanzania, posted a half-year report for the six months to 30 June on Friday. During the period, the AIM-traded company was granted a mining licence over the Mkomolo deposit, and initiated the site upgrade and development work there in in May.
Science Group announced a new 10-year, £15m loan facility on Friday, as the board worked to shore up its finances. The AIM-traded firm said that following the 2015 acquisitions and the purchase of the additional freehold property at Great Burgh, Epsom, the board has been reviewing the group's capital structure.
Independent parcels, mail and logistics operator DX updated the market on Friday, on the Competition and Markets Authority’s review of its acquisition of the trade and assets of The Legal Post (Scotland) Limited and First Post Limited. The AIM-traded firm had announced the review on 5 July, at which time the CMA had served an Initial Enforcement Order under the Enterprise Act.
Market research agency BrainJuicer Group returned to double-digit growth in the first half of the year, after years of “pedestrian progress”, helped by the fall in the value of the pound. For the six months ended 30 June, revenue grew 12% to £13.04m, or 8% in constant currency, when compared to the same period last year, and gross profit rose by 15% to £10.68m, or 11% in constant currency.
Mobile payments company Bango announced on Friday that it has expanded the availability of carrier billing for Microsoft Windows Store. The AIM-traded firm said that, for the first time, users in Finland, Norway and Hungary can make purchases from any Windows 10 device, including their Xbox One consoles, using their mobile phone account.