See our roundup of today's AIM risers - see the full LSE winners & losers board here.
Prenatal Diagnostic Products Premaitha Health Settles Patent Dispute
Premaitha Health (NIPT) is up over 16% this morning following the news it entered into a legal settlement and a license to supply partnership agreement with Illumina.
The agreements “mark the end of a three and a half year intellectual property dispute, providing the opportunity to meet rapidly growing global demand for NIPT” Premaitha CEO Lyn Rees said in a statement.
The partnership allows the company to “enter new markets with significant commercial potential”.
Read more here & follow NIPT here:
Oil & Gas Exploration Company Investigating Dispute With Hedgefund
Frontera Resources (FRR) is up over 14% this morning following the announcement of its continuing investigation into the sale of over 82 million shares by hedge fund YA II PN, Ltd.
The company has serious concerns as to the validity of the conversion of preferred shares into ordinary shares and the calculations contained therin.
The company has also received a Purported Default Notice stating that a failure to convert Preferred Shares constitutes a “triggering event”, demanding the redemption of 2650 preferred shares for $2,650,000.
Read more here & follow FRR here:
Mining Exploration Work In Western Azerbaijan Proves Successful
Anglo Asian Mining (AAZ) released interim results and announced a maiden dividend of US cents 3.00 per share, which follows “outstanding financial performance as the Company continues to successfully deliver its operational objectives” non-executive Chairman Khosrow Zamani said in a statement.
The Gedabek open-pit gold mine exploration work located in Western Azerbaijan also proved successful.
The ore body contains almost one million ounces of gold and over ninety thousand tons of copper according to a statement by CEO Reza Varizi.
Read more here & follow AAZ here:
Operating Minerals Company Announces Positive Drill Result
Strategic Minerals (SML) is up 8% this morning following an announcement of the best drill results from the 2018 Redmoor Tin/Tungsten project drilling programme to date, which is located in Cornwall, UK.
Based on the outstanding results, the company is reviewing plans to undertake additional drilling to further expand the size of the resource and upgrade a portion of it.
Read more here & follow SML here:
New Exploration License For Global Petroleum
Global Petroleum (GBP) has today announced it has signed a petroleum agreement to acquire an 85% interest in a new block in Namibia.
Block 2011A is located in the northern Walvis basin, immediately to the east of the company's current licence, PEL0029, giving the company an aggregate of 11,608 square kilometres offshore northern Namibia and making it one of the largest net acreage holders in the region.
Peter Hill, Global Petroleum's CEO said: "It is clear that oil and gas industry interest in offshore Namibia has accelerated greatly in recent months and we are therefore extremely pleased to have succeeded in what has been a long-term aim for the Company - acquiring Block 2011A adjacent to our existing acreage."
Read more here & follow Global Petroleum here:
New £3.6m Contract For Healthcare Company
A subsidiary of Totally plc (TLY), About Health, has today been awarded a three year contract with the NHS.
AIM-listed Totally won the contract, which has the option to extend by a further two years, with NHS Blackpool and NHS Fylde & Wyre Clinical Commissioning Groups.
The contract is valued at £721,088 per annum, and Totally CEO Wendy Lawrence said: "We are delighted that About Heath has secured this contract with the CCGs - the latest in a series of significant wins.”
Read more here & follow Totally here:
Wealth Management Hits £4bn Milestone
Wealth management firm AFH Financial Group (AFHP) has today announced that the company is now managing funds in excess of £4bn.
The news comes following consistent organic net inflows of funds together with portfolios acquired with recently-announced deals.
AFH Chief Executive Alan Hudson said: "In January 2017 the Company set out a number of financial aspirations, including having £5bn of funds under management by 2021, an increase of 150% above the £2bn level at that time.
“The Company is now seeing organically generated FUM in excess of £30m a month. In addition, we have benefited from recent acquisitions and remain confident that we will exceed our target funds under management earlier than originally planned.”
Read more here & follow AFH here:
Pepsi Deal for Video Analytics Provider
This morning, Big Sofa Technologies Group (BST) announced it has won a $350,000 project from US beverage giant PepsiCo.
The contract will see Pepsi deploy Video Observer - the company’s solution for analysing in-home and in-store behaviour.
The project is expected to be completed by mid-November, and comes after the company’s successful pilot with 84.51˚, the consumer insights subsidiary of Kroger, the second largest retailer in the world.
Read more here & follow Big Sofa here:
See all today's AIM Risers here
