risers & fallers – 20/01/14

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Risers: 

TyraTech +17.07%

TyraTech has today revealed that it’s over the counter head lice preventative shampoo has now been listed with the USA Food and Drug Administration. This milestone will now allow TyraTech to sell its shampoo product from the end of Q1 2014. Chief Executive, Bruno Jactel has said: “We have been working diligently to accelerate the development of this breakthrough preventative head lice shampoo targeting a new and potentially significant market. We are delighted to announce that we are now FDA listed and ready to launch in the US market. This product will be available soon in traditional retail and internet-based distributors. We feel confident that TyraTech’s unique and complete product offering will help us to establish a significant market presence. TyraTech believes it is well positioned to meet market expectations for 2014 revenues”. 

Oilex +12.00%

Oil and gas exploration company, Oilex, has today reported its Essar LR-4 rid has arrived at the port of Mumbai. The rig is to be used to drill Cambay 77H and all parts have successfully cleared through Indian customs. 

InternetQ +11.27%

InternetQ has today reported its growth is to be in line with market expectations for the year ended 31 Dec. The company has also reported a 40% increase in revenue with margins increasing throughout H2.

Eckoh PLC +7.20%

Speech recognition provider, Eckoh, has today revealed it has won two three-year contracts since November 2013. The contracts are with a leading payment service provider and an international telecommunications provider. The company also revealed that three of its main clients have renewed existing contracts with them. 

 

Fallers: 

Max Petroleum -9.25%

Kazakhstan focused oil and gas exploration company, Max Petroleum, has today said the drilling for its SAGW-11 well has now been completed. The company however added it never encountered enough hydrocarbons and therefore the well will be plugged. 

Mwana Africa -8.96%

Mwana Africa has today reported both good and bad news regarding its production levels and sales for 2013. The company reported a 25% drop in gold production at Freda Rebecca however a 76% increase in sales. The drop in gold production has been blamed on technical issues at one of its mills. 

Aukett Fizroy Robinson Group -6.49%

Aukett Fizroy Robinson Group has today reported pretax profits have leapt to £0.55m, carrying over a strong order book into 2014.

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