Small Caps News
Bahamas Petroleum Company preparing to drill Saffron 2
Caribbean and Atlantic margin-focussed oil and gas producer Bahamas Petroleum Company updated the market on upcoming drilling of the Saffron #2 well in Trinidad and Tobago on Thursday, reporting that rig mobilisation to the field would begin on 9 May, targeting the start of Saffron-2 drilling on or around 23 May.
Allergy Therapeutics completes treatment in G309 field study
Commercial biotechnology company Allergy Therapeutics announced the completion of the treatment of all patients in its ‘G309’ exploratory field study to evaluate the efficacy and safety of Grass MATA MPL in subjects with seasonal allergic rhinitis or rhinoconjunctivitis, induced by grass pollen.
Bacanora Lithium surges on takeover approach from shareholder Gafeng
Mining company Bacanora Lithium said on Thursday that it has received a takeover approach from major shareholder Gafeng, sending the shares sharply higher.
Rockfire Resources raises £0.85m to fund drilling programmes
Gold and base metal exploration and development company Rockfire Resources has successfully completed a placing of new shares, it announced on Thursday, raising gross proceeds of £0. 85m, to fund a number of inaugural drilling programmes at the Copper Dome and Copperhead projects, as well as ongoing drilling at the Plateau Gold Deposit.
European Metals Holdings upbeat on latest development
European Metals Holdings announced on Thursday that the Cinovec Project company Geomet has submitted the documentation related to the initial environmental impact assessment notification to the Czech Ministry of the Environment.
Harvest Minerals gets approval for smaller KP Fertil bags
Remineraliser producer Harvest Minerals announced on Thursday that its direct-application natural remineraliser ‘KP Fértil can now been sold in “small” 25 kilogram bags, following approval from Brazil’s Ministry of Agriculture, Livestock, and Food Supply (MAPA), further expanding its marketing channels.
Trading on track at Costain as it targets full-year profit growth
Costain remains on track to deliver full-year profit growth in 2021, the infrastructure specialist said on Thursday.
SEC Newgate FY turnover and profits grow
Strategic communications group SEC Newgate said on Thursday that both turnover and profits had increased during the twelve months ended 31 December.
Gateley FY revenues expected 'materially ahead' of consensus expectations
Legal and professional services group Gateley said on Thursday that, following "a very strong end to the financial year", revenue was expected to be "materially ahead" of consensus market expectations.
Somero expects to exceed FY guidance on strong US trading momentum
Laser-guided machinery manufacturer Somero Enterprises said on Thursday that it now expects to exceed previous full-year guidance as a result of "stronger than anticipated" trading momentum in the US during the first four months of the year.
Tyman Q1 underlying demand 'strongly' ahead of expectations
Engineered components supplier Tyman said on Thursday that positive trading momentum seen in the fourth quarter had continued into 2021, with underlying demand in all three divisions strongly ahead of expectations.
Rotala operating profit plunges in 2020
Bus and private passenger transport operator Rotala reported operating profit before exceptional items of £1. 4m in its final results on Thursday, down from £6. 1m in 2019.
Clontarf raises £0.5m for Bolivian lithium negotiations
Clontarf has raised £0. 5m before expenses, it announced on Thursday, to fund ongoing negotiations over its Bolivian lithium and Ghanaian assets.
Virgin Wines upgrades FY expectations amid strong demand
AIM-listed Virgin Wines upgraded its full-year sales and profit expectations on Thursday amid solid demand.
Zambeef FY earnings set to beat expectations
Beef producer Zambeef Products said on Thursday that full-year earnings looked set to beat expectations despite the "difficult operating environment" resulting from the Covid-19 pandemic.
EMIS Group trading as expected in year-to-date
Healthcare software and systems company EMIS Group said on Thursday trading for the year to date was in line with its expectations.
Bilby puts on 'strong' H2 performance, margins impacted by higher costs
Building services provider Bilby said on Thursday that it had put on "a strong performance" in the second half but cautioned that margins were affected by higher operational costs.
GetBusy starts year strongly as recurring revenues rise
Document management and productivity software company GetBusy said on Thursday that the new year had started “well”, with recurring revenue in the four months ended 30 April up 12% year-on-year, and total revenue ahead 10%, both on a constant currency basis.
Quixant reports 'healthy demand' amid semiconductor shortage
Gaming and broadcast technology company Quixant said on Thursday that it had continued to see “healthy demand” across the business, consistent with what it reported in its 2020 financial results.
Logistics Development Group acquires interest in payment-in-kind loan
Investment company Logistics Development Group announced the acquisition of an economic interest in the payment-in-kind (PIK) loan facility it entered into as part of its December 2019 financing.