Tiger Royalties and Investment (TIR) shares jump 100.00% to 0.35p after Chairman purchase
Shares in the investment company shot up on Friday afternoon after it notified investors that Mr Colin Bird, Executive Chairman, had purchased 4,200,000 shares at a price of 0.3012p.
Mr Colin Bird now holds a beneficial interest in 35,154,560 ordinary shares representing 7.93% of Tiger’s issued share capital adjusted for 4,500,000 shares of 0.1o held in treasury.
Funding Circle (FCH) shares jump 26.24% to 72.05p as analysts reaffirm ‘buy’ rating
In recent weeks, Funding Circle, whose shares jumped today despite having no news out, entered a lending partnership with the New York-based Waterfall Asset Management LLC.
Following the news, analysts at Barclays set a target price of 140 GBX for the company, which when compared to a share price of 55 GBX on 20 May 2022, indicated a potential upside of 60.5%. The stock reached highs of 76p today during late morning trading.
Itaconix (ITX) shares tick up 15.73% to 5.15p ahead of FY22 results
Itaconix, which develops plant-based specialty polymers for consumer products, announced that its final results for the year ended 31 December 2021 will be released on 8 June 2022.
Last month, shares in the stock rose as high as 5.7p after Itaconix told investors that trading in the first three months of 2022 had been “substantially” ahead of the same period in 2021.
It stated that trading in the first quarter had supported current market expectations for FY22.
Advance Energy (ADV) shares fall 21.62% to 0.145p as it reverts to AIM cash shell
Shares in the energy firm fell today after it revealed that the operator Carnarvon Petroleum Timor will not enter the next period of the TL-SO-T 19-14 production sharing contract.
As a result, the company’s Buffalo licence offshore Timor-Leste in south east Asia has now lapsed, meaning Advance Energy has now become an AIM Rule 15 cash shell as of today.
Advance Energy told investors that it will continue to evaluate oil and gas opportunities, in particular with an emphasis on materiality and cash flow generation in line with its strategy.