PureTech Health (PRTC) shares ticked up 5.11% to 391p with latest board appointment
The clinical-stage biotherapeutics company has announced the appointment of Bharatt Chowrira, Ph.D., J.D., to its Board of Directors as an Executive Director of the group.
The company satiated that Dr. Chowrira has served as PureTech's President and Chief of Business and Strategy since March 2017 and will continue in that role as an executive director of the Company. Dr. Chowrira's appointment is effective from February 1, 2021.
"PureTech is making remarkable progress in the clinic as we pioneer potentially transformational therapies for patients with devastating diseases," said Dr. Chowrira.
"I'm pleased to join the distinguished members of our Board as we aim to fulfill our vision of giving life to science through innovative solutions to serious public health challenges."
Bowleven (BLVN) shares jump 24.88% to 7.97p following EEA renewal
Shares in the African-focused independent exploration and production firm have more than doubled in the past few days after announcing that New Age, Operator of the Etinde licence, has received formal approval to apply for a new Etinde Exploitation Agreement (EEA).
The agreement was reached following discussions with the Government of Cameroon's representative, Société Nationale des Hydrocarbures, the national oil and gas firm of the Republic of Cameroon and will replace the existing EEA which came into force in 2015.
The authorisation was cleared on the basis that the EEA will produce hydrocarbons including the delivery of gas to thermal power plants or any other projects confirmed by the State.
Rockfire Resources (ROCK) shares rose 23.79% to 1.275p as its unveils Plateau resource surge
The gold and base metal exploration company said its Plateau Gold Deposit, in Queensland Australia, has surpassed a JORC (2012) Mineral Resource of 200,000 ounces of gold.
Overall, this represents a 515% increase in gold ounces since the Company's maiden JORC (2012) Mineral Resource reported previously in July 2019, Rockfire highlighted to investors.
Rockfire is planning further shallow drilling in the top 100m from surface to infill and extend near-surface gold. Deep drilling at Plateau is not expected until a gravity survey, planned for April 2021, is completed, which is being designed to confirm a target at depths beyond 500 m.
Its discovery cost, based on the recent drilling and Mineral Resource is around £6 GBP/ounce of gold which the group said confirms that it is ‘a prudent and consistent, low-cost explorer.’
Commenting on the news, David Price, CEO of Rockfire Resources, said, "This outstanding resource upgrade demonstrates the quality of the Plateau asset. I am particularly pleased that we have delineated near-surface gold, at an average grade of 1.2 g/t Au.
This represents real potential for Rockfire to achieve its ambition of near-term, open cut gold production whilst the deposit continues to be expanded through further exploration."
Xtract Resources (XTR) shares were up 22.73% to 5.4p as it updates investors on the group's diamond drilling programme
The diversified metals and minerals producer shared an update regarding progress of the second hole in the Phase One diamond drilling programme at the Racecourse Mineral Resource on the Bushranger porphyry copper-gold exploration project in Australia.
Drilling has continued to a depth of 492.5m, having passed through the outer layers of the porphyry alteration system and entered the central potassic alteration zone at about 450m.
"The current hole is a significant step-out of more than 300m from the previous Xtract hole and 200m from any historic hole. It has passed through a wide outer alteration zone typical of such porphyry-style deposits as it progresses towards the core of the mineralised system.
“We are encouraged by the extent of the alteration zone and mineralisation which has been observed for the last 150m of the hole, with sporadic mineralisation over a wide interval prior to that,” Colin Bird, Executive Chairman of Xtract Resources highlighted to investors.
TUI AG (TUI) shares fell by 4.50% to 344.2p as travel and tourism stocks continue to feel the effects of lockdown
Last week, the Head of the International Air Transport Association (IATA), the trade association for the world's airlines, stated that the world's airlines would need another $70-$80bn of government support to navigate the crisis caused by the coronavirus pandemic.
A sharp fall in the multinational travel and tourism firm reflects the recent toll on airline and travel stocks while the stock itself has more than halved since the beginning of the year.
However, despite the stock remaining well below its pre-pandemic worth, shares in the FTSE 250 company have still risen by over 35% in value since the beginning of November 2020.
Earlier this month, TUI CEO, Fritz Joussen, told shareholders that the group is ‘fundamentally sound’ and that it will resume “profitable operations” as soon as travel restrictions are lifted.