Risers and fallers – 06/01/14

Risers: 

Centamin +3.55%

Mineral exploration company, Centamin, has today released Q4 preliminary production results from its Sukari gold mine. The mine, based in Egypt, produced 97,546 ounces of gold which is a 7% increase on the corresponding year. 

MTI Wireless Edge +19.30%

Antenna system developer and manufacturer, MTI Wireless Edge, has today won a $1.0m order from one of their major customers in the commercial division. The company has also revealed revenues will be ahead of market expectations for year ended Dec 31. 

Kirkland Lake Gold +16.67%

Gold exploration company, Kirkland Lake Gold, has today announced that their board of directors have begun a strategic review process aiming to explore alternatives in shareholder value. George Ogilvie has said “While we continue to work on our plan to improve the Company’s margins, the Board has approved a process to review and evaluate potential alternatives that may further maximize value for our shareholders.” 

Crawshaw Group +15.56%

Meat retailer, Crawshaw Group, has said today they now expect FY results to be higher than market expectations for the year ending Jan 2014. The group also reported a 21% increase in like-for-like sales for the 7 weeks to Dec 29. 

Fallers: 

LZYE Group -34.55%

LZYE Group has today revealed that the strategic partnership talks that commenced in December with a Chinese company are now to take longer than anticipated. As a result of this, the group has taken the action to temporarily close all education services in Hong Kong in order to reduce losses. 

Nighthawk Energy -7.45%

US focused oil development company, Nighthawk Energy, has today revealed that 2013 gross oil production has topped 364,968 barrels of oil – on average 1,000 barrels a day which accounts to a ‘tenfold increase’. Shares are down today after releasing this positive news. 

Scancell Holdings -6.67%

Cancer treatment developer, Scancell Holdings, has today announced it has received a grant of £80,000 from Nottingham City Council. The Nottingham Technology Grant Fund will be used to secure additional staff to develop a new Moditope technology platform.