Sunrise Res Share News (SRES)

LONDON (Alliance News) - The following stocks are amongst the biggest risers and fallers within the main London indices midday Monday.
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FTSE 100 WINNERS
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Anglo American, up 3.3%, BHP Billiton, up 2.1%, Rio Tinto, up 2.1%, Glencore, up 1.5%, and Antofagasta, up 1.4%. The miners are up after the People's Bank of China on Sunday lowered the reserve requirement ratio by 100 basis points in order to provide some stimulus after disappointing Chinese economic data last week.

Ashtead Group, up 2.3%. Barclays has raised its price target on the equipment rental company to 1,405.00 pence from 1,289.00p, maintaining its Overweight rating. The stock currently trades at 1,137.00 pence.

HSBC Holdings, up 1.6%. Goldman Sachs has added the bank to its Conviction Buy list.
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FTSE 250 WINNERS
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Vedanta Resources, up 4.2%, and KAZ Minerals, up 2.4%. The miners are up following the stimulus announced by the Chinese central bank.

Northgate, up 3.8%. Barclays has raised the specialist in light commercial vehicle hire to Overweight from Equal Weight.
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FTSE 250 LOSERS
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Petrofac, down 11%. The oil and gas services company said it will book a further GBP130 million pretax loss on its Laggan-Tormore gas plant project on Shetland in the UK, blaming weather-related delays, an issue with a sub-contractor, low worker productivity and the requirement for more work than it had previously expected.

AVEVA Group, down 1.7%. The IT services and consulting firm said it expects its results for the financial year that ended March 31 to be in line with market expectations.
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AIM ALL-SHARE WINNERS
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Kibo Mining, up 66% and Metal Tiger, up 12%. The Tanzania-focused mineral explorer and developer said it has signed a joint development agreement with Chinese engineering and construction company SEPCO III for the Rukwa coal-to-power project in western Tanzania. The news also boosted shares in Metal Tiger, Kibo's partner on the project.

Sunrise Resources, up 40%. The company said it has raised GBP210,000 in a share placing, money it will use for exploration at its projects in Australia and Nevada and for general working capital. The company said it had placed 105 million new shares at 0.2 pence each. Its shares are now at 0.349p.

Frontera Resources, up 9.1%. The Georgia-focused oil and gas company said it has received an independent assessment on the resource estimate for the Mtsare Khevi gas complex and for the Taribani Field complex. Frontera said an independent assessment, carried out by Netherland, Sewell & Associates, has estimated up to 8.29 trillion cubic feet of gas in place prospective resources at Mtsara Khevi, with as much as 6.15 trillion cubic feet of recoverable prospective resources.
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AIM ALL-SHARE LOSERS
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Advanced Oncotherapy, off 13%. The company said it didn't know why its shares rose sharply last week, but said it is currently mulling an equity issue to help fund the completion of its first proton therapy machine and to accelerate the development of further machines in its pipeline. Its first proton therapy LIGHT machine is due to be fully assembled and tested by the end of 2016.
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By Neil Thakrar; neilthakrar@alliancenews.com; @NeilThakrar1

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