Trading recommenced in Caribbean-based oil and gas explorer Star Phoenix (LON: STA) shares following the appointment of a new auditor and publication of its annual report. The share price jumped 287.5% to 1.55p, having been above 2p at one point.
Conroy Gold & Natural Resources (LON: CGNR) has made a high grade gold discovery in a new area of the Longford-Down Massif. The grades are between 12.8g/t and 123g/t at the Mines Royal option area in Northern Ireland. Visible gold is present. Exploration is being carried out with joint venture partner Demir Export. The share price is 17.7% higher at 20p.
Sanderson Design Group (LON: SDG) subsidiary Clarke & Clarke has secured a licensing agreement with NEXT (LON: NEXT), which has licences with other brands in the group. The five-year licence covers a range of homeware products, including bedding, furniture and lighting. The accelerated income from the agreement underpins 2023-24 forecasts and the deal should be earnings enhancing in the future. Singer believes that the deal could be worth between 11p and 20p a share to investors. The share price rose 14.8% to 136p.
Sports nutrition provider Science in Sport (LON: SIS) says 2022 revenues were in line with expectations at £63.5m. Margins are improving since moving into the new Blackburn site. A significant loss is still forecast. Price increases will help to improve performance this year. The share price is 8% higher at 13.5p.
Oil and gas company Synergia Energy Ltd (LON: SYN) has secured a £650,00 convertible loan facility from existing and new shareholders. The interest rate is 5% and the loan matures on 13 February 2024. The conversion price is 0.08p a share. Republic Investment Management, which currently owns 16.8%, subscribed £326,000. The share price declined 12.1% to 0.1275p.
CIP Merchant has been reducing its stake in media company Brave Bison (LON: BBSN) this month. A series of announcements yesterday showed it falling from 15.6% to 10.99%. The Brave Bison share price fell 8.2% to 2.8p.
Pathfinder Minerals (LON: PFP) says the date for the option for the sale of IM Minerals has been extended to 21 March. The share price slipped 4.76%.
Transense Technologies (LON: TRT) shares slipped % to p despite another promising set of figures. Growth in iTrack royalties is not as fast as in the past but this is likely to change in the second half. The business remains cash generative, and the cash pile is likely to grow even with further share buy backs. The share price is 2.73% lower at 89p, having been below 85p earlier in the day.
