See our roundup of today's AIM risers - see the full LSE winners & losers board here.
Mining Company Commences Mining With Potential Off-take Partner
Ironveld (IRON) is up 24% this morning following the announcement it has commenced mining and supply of ore to a potential off-take partner.
The company’s Vanadiferous Titaniferous Magnetite project has a resource that contains 27 million tons of HPI and 1.4 billion pounds of Vanadium in situ, the latter representing over four times the global annual demand.
“We are encouraged by the interest of the potential off-take partner. The sampling programme will generate revenue for the Company and we are hopeful that this will lead to a longer term commercial agreement” said Peter Cox, CEO of Ironveld.
Read more here & follow IRON here:
African Agricultural Company Rises Following Release Of Final Results
Agriterra Limited (AGTA) has risen 17.5% this morning following a sell off yesterday after its release of audited final results for the year ended 31 March 2018.
Its total revenue was $9.22m compared to $12.81m the previous year, losses after tax was $5.05m compared to $3.64m and diluted loss per share was 30.90c compared to 34.20c.
Read more here & follow AGTA here:
UK’s Leading Value Butcher Rises Following Its Interim Results Announcement
Crawshaw Group (CRAW) has risen 15% this morning following its interim results release.
Its revenue was down 1.9% to £21.6m, losses before tax were £1.7m compared to £1.2m in the previous year, and gross margin was 39.6% compared to 42.9% in the previous year.
Crawshaw CEO Jim Viggars commented: “The new management team has identified what it considers to be the key issues and are moving at pace to remedy them on a sustainable basis.” Adding “Our key point of difference will be providing a farm to fork Givendale British beef range of high-quality cuts at market leading prices”
Read more here & follow CRAW here:
Africa Focused Energy Company Granted Special Mining License In Tanzania
Kibo Energy (KIBO) rose 10% this morning following the update on the company receiving a Special Mining License in its Mbeya Coal Mine.
The Mbeya coal to Power Project “is a key energy project positioned to help alleviate Tanzania's acute power deficit” said Louis Coetzee, CEO of Kibo.
He added “We believe we remain firmly on course to deliver the MCPP and our two other utility scale projects in Botswana and Mozambique respectively.
Read more here & follow KIBO here:
Oilfield Servces Technology Company Rises On Release Of Trading Statement
Enteq (NTQ) has risen 10% this morning following the release of its trading statement reporting that trading is “in line with management expectations” with “building levels of revenue and positive EBITDA”. Sales have been made to new customers in North America and in international markets.
The company has maintained its investment in technology, with spending increased on R&D projects and patent applications published and further patents pending.
The company plans to release its interim results for the six months ending 30 September 2018 on 15 November 2018.
Read more here & follow NTQ here:
See all today's AIM Risers here
