See our roundup of today's AIM risers - see the full LSE winners & losers board here.
Sound Energy rises 20% to 15.41p a share
is a European and Mediterranean oil and gas exploration and production company.
It has a 47.5% interest on the Tendrara concession, onshore Eastern Morocco, with two upcoming wells targeting multi-TCF potential.
The Company’s shares have been struggling recently following the report it put its TE-10 Eastern Morocco well at between a 14% and 26% chance of success, and the failed producible gas at its first of three exploration wells in the area.
Read more here & follow SOU here:
Thor Mining rises 14% to 1.6p a share
announced today a mineral resource update at its Pilot Mountain tungsten project in Nevada.
The company noted: “The upgraded mineral resource estimate represents a 6.5% increase in the scheelite inventory for Desert Scheelite”
For the first time, the company noted that the estimate includes zinc in the resource inventory, contributing an additional potential by-product stream to the project.
Mr Mick Billing, Executive Chairman, commented: "Pilot Mountain hosts a large and, in the directors' view, valuable tungsten resource in the USA, where there has been no primary production of tungsten for some years, despite being classified as a critical mineral by the US Department of the Interior."
Read more here & follow THR here:
MediaZest rises 23% to 0.0925p a share
the creative audio-visual systems integrator, is up today as trading volume picks up to 6 times above the average.
It announced today that its current Nomad Northland Capital Partners has voluntarily relinquished its Nomad status after a proposed merger with SP Angel.
The company stated “In the unlikely event the Company fails to appoint a replacement Nomad by 1 February 2019, the Exchange will suspend trading in the Company's AIM Securities in accordance with AIM Rule 1”
Read more here & follow MDZ here:
Oilex rises 18% to 0.485p a share
has a significant multi TCF potential gas resource at the Cambay PSC in Gujarat state in India in the EP-IV tight siltstones that requires drilling and stimulation optimisation technologies to achieve commercial flow rates.
The company is in discussions with its former JV partner Gujarat State Petroleum Corporation (GSPC) to seek a commercial resolution to transfer GSPC's participating interest in the Cambay PSC to Oilex
Read more here & follow OEX here:
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On today's podcast: John Meyer, Mining analyst and partner at SP Angel talks about Trump buying Greenland, Gold, Copper and the following companies: Arc Minerals, Keras Resources & IronRidge Resources.
SP Angel research note on commodities and miners, featuring: Asiamet Resources (ARS LN) – MoU for EPCM services at BKM copper project Edenville Energy* (EDL LN) – Delivery of mining trucks MOD Resources (MOD LN) – Progress report on Sandfire’s proposed acquisition of MOD Resources Talga Resources* (TLG AU) – Maiden cobalt resource estimate at Kiskama
Boris Johnson is set to meet German Chancellor Angela Merkel in Berlin later, where he is expected to reiterate his call for the backstop plan to be scrapped. The PM has said it's "anti-democratic" and must be removed to secure a Brexit deal but the EU has rejected the possibility of any changes to the backstop.
On today's podcast: Non-Standard Finance talk through the highlights from their half year results. Highlands Natural Resources explain their decision to focus on to Zoetic, their CBD brand. Dev Clever Holdings discusses their recent fundraise and contract with Toshiba.
The deal would see Ganfeng Lithium acquire 29.99% of Bacanora for £14.4m, which the Londed-traded company plans to use as the cornerstone for its finance package for a large-scale lithium carbonate operations at the “high grade” Sonora Project in Mexico.