Small Caps
Gama Aviation delays FY results, suspends guidance
Aviation service provider Gama Aviation delayed publication of its full-year results on Thursday and suspended its 2020-21 guidance as a result of the ongoing Covid-19 pandemic.
Arc Minerals agrees royalty deal with Golden Square
Arc Minerals has entered into a binding royalty agreement with Golden Square Equity Partners, it announced on Thursday, following the sale of its entire 99. 43% interest in Casa Mining to Golden Square for a consideration of up to $50m, as announced on 18 March.
Volvere posts decent set of results as it faces Covid crisis
Growth and turnaround investment specialist Volvere updated the market on its trading for the financial year ended 31 December on Thursday, saying it expected to report revenue from continuing operations of around £23m, up from £18. 3m, and an overall profit before tax of £3. 1m, stated after a profit arising from discontinued operations of £3. 1m, swinging from a loss of £2. 5m.
Bonhill Group raising £2.5m to fund it through the fourth quarter
Business-to-business media company Bonhill Group announced a proposed placing to raise a minimum of £2. 5m at 5p per share on Thursday.
Distil revenues grow in line with 'ambitious' forecasts
Drinks maker Distil said on Thursday that volumes and revenues had grown significantly in the three months ended 31 March, in line with the group's "ambitious" forecast.
Serabi Gold amends deal with Equinox amid Covid lockdown
Brazil-focussed gold mining and development company Serabi Gold has reached an agreement with Equinox Gold, it announced on Thursday, to extend the payment period for the final purchase instalment for the purchase of the Coringa gold project.
Warpaint London pulls dividend, withholds guidance
Cosmetics firm Warpaint London scrapped its dividend and guidance after a sales slump as a result of lockdowns caused by the Covid-19 pandemic.
Caledonia Mining reports decent rise in gold production
Caledonia Mining Corporation announced quarterly gold production from the Blanket Mine in Zimbabwe for the three months ended 31 March on Thursday, with a decent increase year-on-year.
Eurasia Mining confident in position amid coronavirus crisis
Palladium, platinum, rhodium, iridium and gold producing company Eurasia Mining updated the market on its operations on Thursday, as its shares remained suspended.
IMImobile raises £22m in pre-emptive strike to counter Covid-19 impact
Cloud software provider IMImobile said it had raised £22m in a pre-emptive move to counter any financial impact from the Covid-19 pandemic.
Chariot Oil & Gas restructures, cuts costs in low price environment
Chariot Oil & Gas updated the market on its strategic direction and response to current market uncertainty around the Covid-19 coronavirus pandemic and commodity price weakness on Thursday.
SDX Energy upbeat on drilling operations at Sobhi well in Egypt
Middle East and North Africa-focussed oil and gas company SDX Energy updated the market on its drilling operations at the SD-12X, or Sobhi, well, where it has a 100% working interest, in the South Disouq Exploration Permit, onshore Nile Delta in Egypt, on which it has a 55% working interest.
Eden Research biofungicide gets organic approval for Italy and Spain
Biopesticides company Eden Research announced on Wednesday that its foliar biofungicide product ‘Mevalone’, branded ‘3LOGY’ in Italy and ‘Araw’ in Spain, has received certification for use in organic farming.
Samuel Heath sees 'material decrease' in orders
Samuel Heath & Sons updated the market on the impact of the Covid-19 coronavirus pandemic on Wednesday, reporting that it had seen the size of its order book “materially decrease”, as a number of its customers closed their operations, although some were still operating at reduced capacity.
Diversified Gas & Oil to buy Carbon Energy Appalachian assets
Natural gas, natural gas liquids, oil wells and midstream assets owner and operator Diversified Gas & Oil has signed a conditional purchase and sale agreement to acquire certain conventional Appalachian upstream and midstream assets from Carbon Energy Corporation and its affiliates, it announced on Wednesday.
Real Good Food looking at period of depressed demand
Real Good Food updated the market on its trading for the financial year ended 31 March on Wednesday, as well as the impact of the Covid-19 coronavirus pandemic, reporting that revenues for the year were “broadly in line” with its expectations, although performance was impacted in March due to the pandemic.
Urban Logistics acquires portfolio of assets
Real estate investment trust Urban Logistics acquired nine new assets and a development site on Wednesday for a grand total of £56. 1m.
Osirium Technologies sees little impact from Covid-19
Cybersecurity firm Osirium Technologies said on Wednesday that it had experienced little impact to trading so far as a result of the Covid-19 outbreak, but cautioned that it could not fully predict the virus' effects on its future performance.
Concepta raises £1.9m through placing and subscription
Personalised healthcare company Concepta has conditionally raised gross proceeds of £1. 9m via a placing and subscription, and the issue of convertible loan notes, it announced on Wednesday.
Baron Oil relinquishes one licence on Inner Moray Firth
Baron Oil updated the market on the Inner Moray Firth (IMF) on Wednesday, having been awarded exclusive licenses over seven blocks and part blocks in the IMF, part of the UK continental shelf, under the 31st Offshore Licensing Round in September, alongside its joint venture partners.