MicroSalt (LON: SALT) continues to rise on the back of the orders from major customers announced yesterday. The share price jumped a further 24.4% to 79p. Tekcapital (LON: TEK) owns 69% of MicroSalt and its share price is 8.82% higher at 9.25p.
Prospex Energy (LON: PXEN) says third quarter gas production of its Italian interests, where it has a 37% stake, was 76,910scm/day. Prospex Energy’s net revenues for the quarter were €1m, which is a record. There should be a further increase in gas production in the fourth quarter. The share price increased 9% to 6.65p.
Automated transport analytics provider Cordel (LON: CRDL) has secured an extension to its contract with the Australian Rail Track Corporation up until August 2025. There is also an expansion of the work to be undertaken. This will help to underpin forecasts for this year. The share price rose 9.43% to 7.25p.
Versarien (LON: VRS) says that it has received a further £60,000 out of the £604,000 for the sale of the Korean plant and equipment. This leaves £242,000 outstanding and this will incur interest at an annual rate of 10%. If it is not paid by the end of 2024 the title to the assets will remain with Versarien. The share price improved 4.35% to 0.036p.
FALLERS
Deltic Energy (LON: DELT) says wireline logging and fluid sampling confirm the gas discovery at Selene in the North Sea, where it has a 25% working interest. The reservoir quality is better than expected, but it is deeper than anticipated which means that recoverable gas volumes of 131bcf are lower than previous estimates of 320bcf. This should still be economically viable. Further work is required, though. The share price dived 20.7% to 6.15p.
Gaming and displays technology developer Nexteq (LON: NXQ) says 2024 revenues could be up to 12% lower than market expectations. Orders are being delayed to 2025. Cavendish has cut its pre-tax profit forecast by one-third to $6m, but the dividend is still expected to be raised by nearly 10% to 3.6p/share. That is twice covered by earnings. The share price declined 18.5% to 72.5p.
Vast Resources (LON: VAST) reported its full year figures just in time to avoid suspension. Revenues fell from $3.72m to $2m in the year to April 2024, while the loss increased from $10.5m to $14.6m, partly due to a swing from an exchange gain to an exchange loss. There was a $3.97m cash outflow from operations. The share price fell 7.69% to 0.09p.
Diagnostics company Novacyt (LON: NCYT) has appointed Dr Ian Gilham as a non-executive director. He is currently chairman of Genedrive (LON: GDR). The Novacyt share price slid 5.41% to 55.9p.
Ex-dividends
Burford Capital (LON: BUR) is paying an interim dividend of 4.8p/share and the share price slipped 5p to 1046p.
CVS Group (LON: CVSG) is paying a final dividend of 8p/share and the share price is 13p lower at 960p.
Gattaca (LON: GATC) is paying a final dividend of 2.5p/share and the share price fell 3.3p to 87.5p.
London Security (LON: LSC) is paying an interim dividend of 80p/share and the share price declined 50p to 3600p.
NWF (LON: NWF) is paying a final dividend of 7.1p/share and the share price slipped 9p to 143.5p.
Sylvania Platinum (LON: SLP) is paying a dividend of 1p/share and the share price is unchanged at 46.5p.
Tribal Group (LON: TRB) is paying an interim dividend of 0.65p/share and the share price rose 1.4p to 48.1p.