Shares in Bezant Resources (LON: BZT) continue to rise following the sale of 53.4 million Blackstone Minerals shares that raised A$3.75m (£1.84m). The remaining shareholding in the ASX-listed company is 80.6 million shares. The share price added a further 14.3% to 0.08p.
Deutsche Bank has upgraded its Polar Capital (LON: POLR) recommendation from hold to buy and raised the share price target from 550p to 600p. RBC raised its target price from 560p to 640p, and the recommendation is outperform. The share price increased 4.85% to 529.5p.
Orosur Mining Inc (LON: OMI) has raised C$20m at C$0.34/share (188p). The cash will finance exploration at the Anza project in Colombia. The share price improved 4.44% to 23.5p.
Pulsar Helium Inc (LON: PLSR) says 100,000 stock options were exercised at C$0.45 each, raising C$45,000. Earlier in the week, the company made a helium-3 discovery at the Topaz project in Minnesota. There are sustained concentrations of up to 14.5 parts per billion in produced gas. The share price rose 1.41% to 36p.
FALLERS
Yesterday, it was announced that the estate of William Black has cut its stake in Tertiary Minerals (LON: TYM) from 3.4% to 1.23%. This follows drilling results at Target A1 at the Mushima North project in Zambia that revealed the highest-grade silver and copper intersection. The share price lost 16.7% to 0.05p but is 17.6% higher on the week.
Artemis Investment Management has raised its stake in social entertainment firm LBG Media (LON: LBG) from 3.3% to 4.06%. The share price dipped 3.8% to 98.6p.
Clive Whiley, a non-executive director of capital equipment supplier Mpac (LON: MPAC), bough 25,000 shares at 320p each. The share price fell 3.23% to 300p.
Following interims earlier in the week, Berenberg has cut its share price target for Strix (LON: KETL) from 90p to 85p but retains its buy recommendation. Interim revenues fell 8.5% to £60.5m, while pre-tax profit was more than one-fifth lower at £6.1m. Net debt was £68.8m. The kettle controls revenues fell, but water filtration products supplier Billi and consumer goods revenues rose. The share price slipped 1.58% to 37.4p.