See Today's AIM Risers featuring Edenville Restarting Tender for Coal Power Generation in Tanzania
Abraham Darwyne
AIM Risers
11:26, 8th November 2018

See our roundup of today's AIM risers - see the full LSE winners & losers board here.

N4 Pharma rises 16% to 8.65p a share

N4 pharma (N4P) FOLLOW continues to rise as on Monday it announced it is signing a collaboration agreement with Medimmune as part of a Government-funded project to develop nanoparticle medicines. 

N4 Pharma is developing ways to deliver vaccines and cancer treatments to cells in the body, with its partnership ending last week, it committed to continue to conduct further research with Medimmune under “an appropriate collaboration agreement.”

Nigel Theobald, CEO of N4 Pharma commented: 
"We are delighted that MedImmune is continuing to work with N4 Pharma to evaluate the potential of our Nuvec® system. MedImmune is able to provide considerable expertise and resources for this work and their continued support for N4 Pharma and Nuvec® is a clear indication of Nuvec®'s potential as a non-lipid, non-viral vaccine delivery technology and an example of how we can establish separate agreements for different versions of the Nuvec® platform technology."

Read more here & follow N4P here: FOLLOW

Petroneft Resources rises 12% to 1.525p a share

PetroNeft (PTR) FOLLOW announced cased-hole testing of its C-4 well in Licence 67 has confirmed excellent results, indicating combined intervals should achieve in excess of 450 bopd when produced on an electric submersible pump. 

The well is the first one drilled with the help of 3D seismic data, the results of which have the potential to increase gross reserves by 40 mmbbls (20 mmbbls net to PetroNeft).

PetroNeft is an oil and gas exploration and production company operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licences 61 and 67 on the northern half of the Cheremshanskoye field. They are currently testing the market and gauging appetite for a potential sale of the licences, already receiving high levels of interest from well-financed industry players.

Read more here & follow PTR here: FOLLOW

Edenville Energy rises 10% to 0.21p a share

Edenville Energy (EDL) FOLLOW announced it was restarting the tender process for coal power generation for the Tanzania Electricity Supply Company.

Commenting, Rufus Short, CEO of Edenville said, "It is very encouraging that the tender process has now resumed after such a short delay. I should make it clear that our application was submitted and accepted on 19 October 2018 in line with the specific requirements laid down by Tanesco.”

“The Company will however examine the newly released Tanesco documents and determine whether to retain our original submission or submit new documentation by 7 December."

Read more here & follow EDL here: FOLLOW

Online Blockchain rises 15% to 26p a share

Online Blockchain (OBC) FOLLOW rose 11% to 29.5p a share after markets opened.

The company specialises in blockchain research and development, it has an investment in ADFVN, the financial markets website, it recently launched and tested a PlusOneCoin wallet for ADVFN customers, and are working to target the Brazillian market with another cryptocurrency Brazio. 

It also has been working on Happy Pool, which is a cryptomining pool where cryptocoin miners are able to club together to use their combined computing power to earn cyptocurrency coins.

It also recently announced a $100,000 investment interest in Encryptid Gaming Inc, a crypto gaming software development start-up company.

Read more here & follow OBC here: FOLLOW

See all today's AIM Risers here

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