Victrex (VCT) shares ticked up 3.82% to 2,444p as FY21 results reflect “solid recovery”
In its preliminary results for the 12 months to 30 September 2021, Victrex reported “a solid and sustainable recovery” in FY21 following the impact it saw from the pandemic last year.
“Automotive, Electronics and Value Added Resellers (VAR) were our standout end markets, with new application growth in our core business and notable milestones in our mega-programmes,” Jakob Sigurdsson, Chief Executive Officer of Victrex, told investors.
As a result of the strong cash generation reported in FY21, Victrex has declared dividends back to pre-COVID-19 levels, alongside a special dividend for shareholders of 50p/share.
KEFI Gold and Copper (KEFI) shares 15.43% to 0.981p as Ethiopian military conflict subsides
The gold exploration and development firm released an update relating to the withdrawal of rebel militias in Ethiopia, where it holds several gold exploration and development projects.
The Cyprus-based gold and copper exploration and development company told investors that the ongoing withdrawal of rebel militias was a “turning point” in the military conflict in the country and that, as a result, it is “optimistic” that peace will soon be restored in Ethiopia.
“There is little doubt that Ethiopia will then rapidly regain its long-standing position amongst the world’s top 10 growth countries and that the minerals sector will play an important role with the Company’s Tulu Kapi Gold Project as one of the first movers,” it told investors.
PetroTal Corp (PTAL) shares rose 14.08% to 20.25p as liquidity “remains strong”
Today, PetroTal said social protests near the company’s oil loading facility have ended.
The Company told investors that this will allow it to ramp up production during the next few days, starting with the new 9H horizontal well that was put on production on 5 December 2021, and recommence sales to the Iquitos refinery and through the Brazilian export routes.
PetroTal said its forward liquidity profile “remains strong” with a material cash buffer this month, which is forecast to continue through 1Q22 with a continuous capital program.
Virgin Wines (VINO) shares ticked up 7.52% to 193p as it passes all resolutions at AGM
Following its AGM held earlier today, Virgin Wines, which operates as one of the UK’s largest direct-to-consumer online wine retailers, said all resolutions at the meeting have been passed