Risers & Fallers: Alba Minerals Union Jack Sula Alpha Pyrenees Premier African Mins 4D Pharma


(MENAFN- ProactiveInvestors)Below are some of the main news-driven share price changes today. RISERS Alba Minerals (LON:ALBA) up 10.0%. Alba Minerals is another stock that resumed trading after the positive update from the Horse Hill project in which it has a stake. Union Jack Oil (LON:UJO) up 6.7%. Egdon Resources and Union Jack Oil are increasing their interests in the North Kelsey project in Lincolnshire where drilling is planned in the early part of 2016. Sula Iron & Gold (LON:SULA) up 5.2%. The exploration company has made an application to the Sierra Leone National Mineral Agency for a new exploration licence next door to its Ferensola licence. FALLERS Alpha Pyrenees (LON:ALPH) down 23.1%. The adjusted net asset value per share at the end of March had fallen to 3.9p from 6.0p at the end of 2014 due in part to adverse exchange rate movements. Premier African Minerals (LON:PREM) down 13.5%. '"I am delighted to be able to report the production of the first wolframite concentrates from the RHA Mine2 said Premier's chief executive George Roach probably not expecting the happy announcement to lead to a hefty share price fall which was probably more due to the third tranche of its loan from Darwin Strategic being drawn down. 4D Pharma (LON:DDDD) down 10.4%. The company which floated on Aim in February of last year made a loss of £2.38mln in 2014 and end the year with cash of £31.8mln.  Below are some of the main news-driven share price changes among FTSE 350 stocks at 12.30pm. RISERS Allied Minds (LON:ALM) up 2.7%. Kevin Sharer former chairman and chief executive officer of Amgen has joined the board of Allied Minds as a non-executive director. Jardine Lloyd Thomson (LON:JLT) up 2.0%. The reinsurance giant has beefed up its Private Equity and Financial Lines Group. The group will provide brokerage and advisory services to clients in the private equity sector as well as financial institutions and will be based in JLT Specialty USA's New York office. Poundland (LON:PLND) up 1.9%. The Capital Group Companies has lifted its stake in the cut-price retailer from less than 4% to 4.77%. FALLERS Betfair (LON:BET) up 5.1%. Numis Securities has turned even more bearish on the online betting exchange moving from a 'reduce' to 'sell' rating. Imagination Technologies (LON:IMG) down 2.8%. The chip-designer's shares have risen recently on bid speculation but it looks like some traders have banked profits. Marks & Spencer (LON:MKS) down 2.5%. The retailer has been in the dog-house in some quarters because of what some regard as excessively generous remuneration for executives. Below are some of the main news-driven share price changes at 9.00am. RISERS UK Oil & Gas (LON:UKOG) up 17.0%. The shares have returned from suspension after its eagerly anticipated announcement regarding the Horse Hill project in the south of England. Schlumberger says the oil project could comprise 255mln barrels per mile which is higher than April's eyebrow-raising 158mln barrel estimate. UK Oil & Gas is the largest stakeholder in the project. Tri-Star Resources (LON:TSTR) up 15.4%. The company which is developing an antimony processing facility in Oman has agreed the conditional US$6mln sale of certain intellectual property rights to Strategic & Precious Metals Processing a company registered in the Sultanate of Oman and of which Tri-Star owns 40%. Doriemus (LON:DOR) up 8.8%. Trading in the company's shares has resumed following the announcement relating to Horse Hill (see above) in which Doriemus holds a stake. FALLERS Sovereign Mines of Africa (LON:SMA) down 53.1%. The shares have halved after the release of full-year results that have taken almost six months to compile. The company has written down the value of its flagship Mandiana gold project in Guinea by £3.7mln resulting in a loss for the year of £3.88mln. Amphion Innovations (LON:AMP) down 27.1%. The company took advantage of a strong run in the share price over the last week to tap the market for funds. The shares dipped 2.375p to 6.375p after shares were placed at 5.25p but are still up by around one-sixth over the last week. Iofina (LON:IOF) down 13.3%. The iodine extraction specialist has been rocked by an unexpected reversal by the state of Montana to grant its Atlantis Water Solutions subsidiary a permit for a water depot project. Iofina stressed that the project is not core to its business and it intends to challenge the decision. 


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