Wentworth CEO sees both capital and dividend growth opportunities in Tanzania's Mnazi gas field Watch Now

Less Ads, More Data, More Tools Register for FREE

UK TRADING UPDATE SUMMARY: Feedback And Tissue Regenix Secure CE Marks

Mon, 1st Jun 2020 15:54

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

Feedback PLC - medical imaging - Says its Bleepa imaging technology achieves CE mark, a European Union regulatory award. Adds mark gives healthcare providers confidence in Bleepa product.

Tissue Regenix Group PLC - medical devices - Secures CE mark for OrthoPure XT tissue regeneration product.

Arix Bioscience PLC - biotech investor - Says portfolio company Iterum Therapeutics PLC failed to meet the primary endpoint in study for Sulopenem as treatment for urinary tract infection.

Hutchison China Meditech Ltd - pharmaceuticals - Plans to submit new drug application to US regulators for Surufatinib medication for cancer treatment. Planned start of new drug submission is late 2020. Notes US Food & Drug Administration in April gave Surufatinib fast track designation for development of neuroendocrine tumours in non-pancreatic and pancreatic medication.

IQ-AI Ltd - medical software - Reports Imaging Biometrics subsidiary awarded USD2.6 million US grant in collaboration with Barrow Neurological Institute, the Mayo Clinic and the Medical College of Wisconsin. Funding to go towards research of brain tumour treatment response.

LiDCO Group PLC - hemodynamic monitoring - Benefitted from increased demand in first quarter due to Covid-19 pandemic, but reports "exceptional conditions" have since eased somewhat. Adds that signs are suggesting number of elective surgeries returning to pre-pandemic levels and company's sales for May in-line with last year.

EQTEC PLC - energy project technology provider - Strikes deal with lenders Altair Group Investment Ltd and Riverfort Global Opportunities PCC Ltd to extend maturity date of debts to June 30, 2021.

Xeros Technology Group PLC - water filtration - Completes sale of Marken business after disposal was previously delayed by Covid-19 pandemic. Final cash consideration totalled GBP175,000.

Gama Aviation PLC - aviation services - Awarded contract by UK Home Office to complete electronic devices testing on several emergency services aircrafts.

Transense Technologies PLC - sensor systems - Extends exclusivity for collaboration agreement with Bridgestone Corp for installation of tyre monitoring systems.

Amur Minerals Corp - nickel-copper sulphide explorer - Reports copper and nickel sulphide concentrates can be generated at Kun-Manie project, Russia. Says out of 6.0 million tonnes of ore processed per annum, copper concentrate of 39,300 tonnes is expected to be produced, at average grade of just over 23%.

Independent Oil & Gas PLC - development and production - Awards core project phase 1 well management contract at UK southern North Sea assets to Petrofac.

Atalaya Mining PLC - miner - Says regional government of Andalusia confirms through Spanish press that it has validated Atalaya's mining permits at Riotinto project.

Star Phoenix Group Ltd - oilfield services - Grants LandOcean Energy Services Co Ltd extension to provide remaining USD459,970 cash in relation to sale of Range Resources Trinidad Ltd.

Savannah Resources PLC - energy metals - Submits environmental impact assessment and mine plan for Mina do Barroso lithium project in Portugal.

Rockfire Resources PLC - gold exploration - Says rock sampling results find new gold targets at Lighthouse tenement in Australia. Reports 15 rocks were collected from Cardigan Dam, with 47% returning gold values above 0.5 grammes per tonne.

IronRidge Resources Ltd - mineral exploration - Says infill soil sampling at Zaranou gold project in Cote d'Ivoire confirms and enhances gold anomalies at asset.

PowerHouse Energy Group PLC - hydrogen production - Not aware of any material reason for recent share price increase. Says continuing to manage operating costs and cash balances stand at GBP280,000, enough to meet outstanding cash burn until fourth quarter.

AFC Energy PLC - hydrogen generation - Partners with Spanish infrastructure firm ACCIONA SA to test AFC's H-Power fuel cell platform which aims to decarbonise construction sites in Europe.

Beowulf Mining PLC - mineral exploration - Says soil sampling at Vardar, Kosovo has found "extensive" gold anomaly over an area of roughly 1,4000 metres by 700 metres. Beowulf finalising plans for geophysical surveys once Covid-19 restrictions allow.

Emmerson PLC - potash development - Completes feasibility study at Khemisset potash project, Morocco. Study finds posttax net present value with 8% discount of USD1.4 billion and pre-production costs of USD387 million.

Danakali Ltd - potash mining - Agrees to extend deadline for tranche two of Colluli Sulphate of Potash project equity funding from Africa Finance Corp. Deadline extended to on or before November 31, in response to Covid-19 restrictions.

Columbus Energy Resources PLC & Predator Oil & Gas Holdings PLC - oil and gas - Confirm start of phase 2 of carbon dioxide pilot project in Trinity Inniss field, Trinidad.

Strategic Minerals PLC - minerals company - Says subsidiary Southern Minerals Group awarded USD21.9 million in damages over legal proceedings related to the Cobre mine.

Trinity Exploration & Production PLC - exploration and production - Receives VAT bonds totalling USD2.8 million from Trinidad & Tobago government. Plans to sell bonds to local financial institution.

Xtract Resources PLC - miner - Concludes deal to acquire Bushranger copper and gold project owner ProsepectOre Ltd for USD1.3 million in shares.

Picton Property Income Ltd - property investor - Finalises USD50 million revolving credit facility to replace two existing loans which were due to expire in June 2021. The new facility has three-year initial term with option of two one-year extensions. Will incur interest at 150 basis points over LIBOR.

Dods Group PLC - events - Says lender Barclays Bank agrees to waive all covenants for remainder of financial year in light of Covid-19 uncertainty.

Warpaint London PLC - colour cosmetics producer - Agrees deal to stock its products at UK retail firm Wilko. From mid-September, roughly 100 Body Collection-branded productions will be stocked at 355 Wilko stores.

Codemasters Group Holdings PLC - video game developer - Strikes licence agreement deal for exclusive rights to develop FIA World Rally Championship games and esports tournaments.

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

Related Shares

More News

IN BRIEF: Beowulf Notes Encouraging Results From Vardar's Madjan Peak

IN BRIEF: Beowulf Notes Encouraging Results From Vardar's Madjan Peak

6 Jul 20 14:44

Beowulf upbeat on recent results from Vardar's Madjan Peak

(Sharecast News) - Mineral exploration and development company Beowulf Mining reported on Monday that 42 samples from the Madjan Peak grab sampling programme had assayed more than 0.1 grams of gold per tonne, out of a total of 96 samples collected from available outcrop and subcrop.

6 Jul 20 08:31

Columbus Energy Extends Goudron Field Service Contract With Heritage

Columbus Energy Extends Goudron Field Service Contract With Heritage

2 Jul 20 15:34

IN BRIEF: Star Phoenix Gets Further USD283,000 From LandOcean Energy

IN BRIEF: Star Phoenix Gets Further USD283,000 From LandOcean Energy

2 Jul 20 12:02

Login to your account

Don't have an account? Click here to register.