(MENAFN- ProactiveInvestors - UK) Shares in DP Poland have risen by three quarters this year, as the Poles have been tucking into Domino''s Pizza PLC (LON:DPP) with gusto.
Actually, I am not sure gusto is one of the officially recognised pizza toppings at Domino''s, but be that as it may, while the Poles have been scarfing down the pizza, Chris Moore, non-executive director of DP Poland, has been gobbling up shares of the company that owns the rights to use the Domino''s Pizza brand name in Poland.
If Moore''s name seems familiar, that might be because he is the former chief executive of Domino''s Pizza PLC, the company that has the rights to the brand name in the UK & Ireland.
Upon joining DPP in December 2012 he acquired 333,333 DP Poland shares at 15p a slice, since when he has steadily increased his piece of the pizza pie.
This year has seen Moore increase the rate at which he has added extra toppings, with six separate purchases in June alone, lifting his stake to 2.8% of the issued share capital of the company.
The shares currently trade at around 40p, having come off by around 6% this week.
It''s fairly safe to say this is one stock that won''t have been rocked by the Brexit decision; Poland''s exit from Euro 2016 might have been a blow, though.
Trading in Savannah Petroleum PLC (LON:SAVP) resumed this week after the Niger-focused oil company received strong support for its $40mln fund-raising.
Shares normally take a dive after a share issue but Savannah returned sharply higher, up 48% on Friday at 35p.
"This is a strong endorsement of our strategy and ensures we are funded to move the assets to the next level of value creation,'' said chief executive officer, Andrew Knott.
"From here we can now look forward to the imminent recommencement of ground operations with the 3D seismic programme at R3, which will in turn help us maximise the chances of a successful drilling campaign in 2017,'' he added.
Exploration and development firm Mariana Resources PLC (LON:MARI) had a busy week, strengthening its relationships with Lidya Mining and Sandstorm Gold by appointing a director from each company to its board, and announcing more exciting drilling results from its evocatively named Hot Maden gold project in Turkey.
Shares rose by around a third this week as the company unveiled the highest grade gold-copper intercepts made at Hot Maden to date, with the company vouching that they go towards confirming the continuity of grades in the ore-body throughout its different phases.
Also up a third was Strategic Minerals PLC (LON:SML) as investors continue to get excited about the drilling for nickel currently underway at Hanns Camp in Western Australia.
There has not actually been any new news flow this week but that does not stop fans of the stock from pushing up the price.
There has been news flow from sector peer Kibo Mining PLC (LON:KIBO), which got a lift from the release of the definitive feasibility study (DFS) for the mining part of its Mbeya coal-to-power project in Tanzania.
Results from the DFS correlate accurately with those of the mining pre-feasibility study announced in August of last year, and have reconfirmed the Mbeya coal mine as a robust project with strong financial and commercial indicators, the company said.
Away from the resources sector, ZOO Digital PLC (LON:ZOO) said it was ''optimistic'' about its growth potential after narrowing pre-tax losses in 2015 with major changes afoot in the industry.
The software services group saw its pre-tax loss narrow to US$1.5 million, from a loss of US$2.1 million the previous year.
There was less cheery news from Avanti Communications Group PLC (LON:AVN), the provider of satellite data communications services.
The shares fell to earth as the company said it would be discussing an equity issue with potential investors, while its broker is also pounding the pavements looking for strategic investors in the company.
The company said it will need to raise at least US$50 million of equity otherwise it might not have access to sufficient liquidity to meet its funding requirements through the second quarter of the current fiscal year, which runs to the end of June, 2017.
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