Empire Metals (LON: EEE) says the mapping of the Pitfield copper project show extensive copper, silver and other base metals anomalies of a 40km strike length. Exploration field work will start by the first quarter of 2023. The share price is 26% higher at 1.575p.
There is better third quarter trading news from freight services provider Xpediator (LON: XPD). Trading is in line with expectations and working capital is being reduced. Nine-month revenues were 1% ahead at £300m. The UK businesses are being turned around and the UK loss should reduce by the end of the year. European operations continue to trade well, and pre-tax profit should be flat at £9m. Year-end net debt is expected to be around £8m. The share price is 11.9% ahead at 23.5p.
PetroTal Corp (LON: PTAL) says that testing results of well 13H produced 8,000 barrels of oil per day over the first week of production. The total cost of the well was $14.4m. Drilling has commenced on well 12H and it should be completed before the end of the year. The shares rose 7.3% to 50p.
Drilling at the Panton PGM project by Future Metals NL (LON: FME) has intersected broad zones of primary magmatic sulphides. Future Metals owns 100% of the Panton project. A government grant of $220,000 has been awarded to fund deeper drilling. The shares are 7.84% higher at 6.875p.
Clean energy technology company Libertine (LON: LIB) generated revenues of £600,000 in the first half. Progress is being made in demonstrating the effectiveness of the company’s powertrain technology. The share price moved up 3.57% to 14.5p.
North Sea oil and gas company Longboat Energy (LON: LBE) says results from drilling at Oswig in the northern North Sea were at the lower end of expectations. Longboat Energy has a 20% stake in Oswig. Recoverable resources are estimated at between 10 and 42 million barrels of oil. The share price slumped by 37.9% to 29.5p.
Yourgene Health (LON: YGEN) interim revenues fell but stripping out Covid revenues they were 14% ahead at £8m. Gross margins are under pressure, which means that the full year loss will be higher than previously expected. Yourgene Health shares fell 13.3% to 3.25p.
Engineering recruitment consultancy Gattaca (LON: GATC) reported full year results in line with expectations, but the dividend has been suspended until profit is at a sustainable level. Net fee income improved from £42m to £44.1m, but pre-tax profit slipped from £1.84m to £256,000. Net cash was £16m at the end of July 2022. The share price declined by 8.23% to 72.5p.
Asset management data technology provider Insig AI (LON: INSG) says contracts have been delayed by economic uncertainty. Ongoing costs are being reduced following the development of ESG expertise. Revenue targets are being reduced, so that cash positive can be achieved earlier. The convertible loan provided by Richard Bernstein may be extended. The shares are 5.26% down at 18p.
Ex-dividends
Bioventix (LON: BVXP) is paying a final dividend of 74p a share and a special dividend of 26p a share and the share price fell 50p to 3300p.
Burford Capital (LON: BUR) is paying an interim dividend of 5.49p a share and the share price is 14p lower at 700p.
Coral Products (LON: CRU) is paying a final dividend of 0.2p a share and the share price is unchanged at 16p.
EKF Diagnostics (LON: EKF) is paying a final dividend of 1.2p a share and the share price is 1.05p down at 43.15p.
London Security (LON: LSC) is paying an interim dividend of 42p a share and the share price is unchanged at 2550p.
NWF (LON: NWF) is paying a final dividend of 6.5p a share and the share price is 10p lower at 274p.
Shoe Zone (LON: SHOE) is paying a dividend of 3p a share and the share price is 5p down at 175p.
Springfield Properties (LON: SPR) is paying a final dividend of 4.7p a share and the share price has fallen 2.5p to 90p.
The Mission Group (LON: TMG) is paying an interim dividend of 0.83p a share and the share price is unchanged at 46.5p.
