The shares started the month at 4.9p since when they have tripled after a flurry of announcements, including the purchase of 114,044 shares by the chairman, John Rennocks, announced on Wednesday.
Todays share price surge for the hydrogen power generation technology developer coincided with the company announcing that its new website will go live at noon today.
Another stock that has been on the rise recently is Lekoil Limited (LON:LEK) but it took a step back this morning, tumbling 7.4% to 5p after the Federal Government of Nigeria and the Ministry of Petroleum Resources acknowledged the receipt of the OPL310 licence extension fee of US$7.5mln.
Lekoil said the Licence is in force for an extended three year period to 2 August 2022 as previously announced on 31 October 2019.
The company funded the payment from a mix of existing financial resources and debt facilities.
Proactive news headlines
Thor Mining PLCs (LON:THR) (ASX:THR) associate EnviroCopper has started field pumping tests at the Kapunda copper project in South Australia. EnviroCopper can earn up to 75% of the rights over metals produced by in-situ recovery at Kapunda. Thor holds a 25% interest in EnviroCopper an option to increase its stake to 30%.
AFC Energy PLC (LON:AFC), a leading provider of hydrogen power generation technologies, has announced the launch of its new corporate website. The new website reflects a stronger emphasis on brand and product identity, encapsulating AFC Energy's inaugural range of products, the HydroX-Cell(L)TM and HydroX-Cell(S)TM fuel cell ranges, together with the Company's proprietary anionic exchange membrane, AlkaMemTM. The website is scheduled to go live at noon today, 15th November 2019, with exact timing determined by internet replication factors.
Instem PLC (LON:INS) is moving into safety assessment software with a US$4.6mln, earnings-enhancing US acquisition. It is buying Leadscope, which has developed a suite of products that use sophisticated artificial intelligence and machine-learning algorithms to predict potentially harmful drug side effects. Instem is handing over a mix of cash and shares for the Columbus, Ohio-based firm, with US$3.35mln paid on the deals completion. This will be followed by a deferred US$750,000 and a US$500,000 “earn-out”.
Europa Metals Ltd (LON:EUZ) has started mobilisation ahead of a diamond drilling campaign at the Toral project in north-west Spain. The drill programme is aimed at a target area to the west of the projects existing resource zone. It aims to prove up additional resources and upgrade confidence in the resource numbers.
CentralNic Group PLC (LON:CNIC) has confirmed that it is currently engaged in advanced discussions regarding the potential acquisition of Team Internet AG, which may or may not lead to a transaction being completed. CentralNic, which derives revenue from the subscription sales of domain names and web services, pointed out that Team Internet is a Munich-based business which is a subsidiary of Matomy Media Group Ltd (LON:MTMY).
Cabot Energy plc (LON:CAB) told investors it has appointed David Kimery as the chief executive of the groups Canadian subsidiary, Cabot Energy Inc, with immediate effect. Kimery replaces Paul Lafferty who was president of the Canadian vehicle.
Amryt Pharma PLC (LON:AYP), a biopharmaceutical company focused on developing and delivering innovative new treatments to help improve the lives of patients with rare and orphan diseases, announced that following the completion of a capital reduction, the company now has positive distributable reserves and it has agreed to repurchase 4,864,656 ordinary shares from certain institutional investRead More – Source