Movers of Thursday 12 May 2022

Francesca Morgan
Vox Newswire
14:46, 12th May 2022

Clontarf Energy (CLON) shares jump 14.10% to 0.445p ahead of May drilling operations

In an update to shareholders this morning, the company said Valaris MS-1 rig is anchored in the Dampier outer harbour and is now scheduled to commence tow to the Sasanof-1 well.

The move will occur on 16 May 2022 and Western Gas’ drilling operations team to date have been deployed to the field and are on board the MS-1 rig undertaking pre-mobilisation checks.

Drilling operations at the Sasanof-1 exploration well are expected to start on 24 May 2022.

Stock Chart | CLON

Proteome Sciences (PRM) shares rise 8.54% to 4.105p as it wins ‘substantial’ contract

The specialist provider has secured a contract from a major United States academic group worth in excess of £0.5m to evaluate changes on the proteome and phospho-proteome of tissue and blood samples taken from patients with and without a neurodegenerative disease.

Proteome’s SysQuant workflow, an unbiased method of identifying and contextualising new targets and defining mechanisms of biological activity, was selected to be used in the trial to quantitate the proteomic/phosphoproteomic changes. The study is to be completed this year.

Stock Chart | PRM

Verici Dx (VRCI) shares jump 9.43% to 29p as clinical results support commercial launch

The developer of advanced clinical diagnostics for organ transplants has released positive, successful outcomes from its blinded, international, multi-centre validation study for Tuteva™.

So far, the results of the validation study of Tuteva™, the company’s post-transplant blood test, has shown that the test, a next-generation RNA sequencing assay, is demonstrating strong performance in the detection of acute rejection, following a kidney transplant.

These “clinically important” results position Tuteva™ for a 2022 commercial launch to support the estimated c. 100,000 global patients who undergo kidney transplant procedures annually.

Stock Chart | VRCI

GreenRoc Mining (GROC) shares tick up 4.72% to 6.25p as it reports significant upgrade

Today, the Company reported a significant increase in the exploration target for the Amitsoq Island graphite deposit at the company’s Amitsoq Graphite Project in southern Greenland.

Following the maiden resource estimate announced on 8 March 2022, the exploration target for the Amitsoq Island deposit has now been updated, the Greenland-focused firm said. The target has now increased from a tonnage range of 1.7 Mt-4.5 Mt at a grade range of 24-36%.

Stock Chart | GROC

 

 

 

 

 

 

 

Disclaimer & Declaration of Interest

The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.

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