Indivior (INDV) shares tick up again by 3.85% to 270p following sales boost
Indivior, a medical developer of opioid addiction treatment, said it is making plans to diversify the business by exploring a secondary listing in the United States, its biggest market to date.
In its final year results published on Wednesday, the British firm forecasted stronger sales growth for SUBLOCADE and PERSERIS in 2H22 compared to the year’s first half. The company’s treatments are designed to target opioid use disorder and schizophrenia.
Indivior said it expects to witness stronger growth in the second half after the easing of Omicron coronavirus restrictions and Covid-19 staff shortages in the healthcare industry.
Indivior forecasts that total sales will rise about 10% to between $840m and $900m while adjusted operating income is expected to be roughly flat year-on-year, at about $187m.
Ncondezi Energy (NCCL) shares continues to see relief, rising 84.38% to 1.475p
Shares in the African power development company continued to see some light relief this morning despite the stock having shed more than 90% in total value since February 2021.
Despite having no news out, shares ticked up to 0.7p for the first time this month. The company is currently awaiting further clarity on China’s position relating to financing coal projects abroad before progressing with the Tete, Mozambique power project tariff.
The availability of Chinese financing for coal-power projects abroad is considered critical for the project. Ncondezi said it is ready to proceed with the tariff once this has been addressed.
Addressing shareholders last month, Ncondezi’s Chief Executive, Hanno Pengilly said: “We understand this to be a global issue affecting all Chinese backed coal power development projects abroad, and that this impact is under review by the relevant Chinese authorities.”
Hurricane Energy (HUR) shares jumped 37.37% to 7.987p after it sold 530k barrels of oil
Shares in the UK based oil and gas company jumped after it underlined in a recent update how much cash businesses are generating in the North Sea amid the surge in oil prices. The company increased its total cash balances by $35 million to $85 million in January 2022.
The company, which is due to repay $78.5m of convertible bonds later this year in July, told investors that, as at 14 February 2022, Hurricane’s Lancaster field operations has been producing around 9,500 bopd from the P6 well alone with an associated water cut of c.41%.
The 27th cargo of Lancaster oil, totalling c.530,000 barrels, was lifted last month and priced at $81.4 a barrel, in line with the average of the first five days of January’s dated Brent quotes.
Mobile Streams (MOS) shares rise 4.49% to 0.465p as it unveils esports competition dates
Mobile Streams, which provides media entertainment content to mobile devices, told investors that the first Esports competition under its partnership agreement with International Gaming Systems AB (IGS) would take place on the weekends of 18-20 and 25-27 February 2022.
The Besiktas PUBG Mobile Open will commemorate the 4th year anniversary of the launch of Tencent’s PlayerUnknown BattleGrounds (PUBG) Mobile - a Battle Royale mobile game with over 1 billion downloads to date. The participants are to be announced later this week.
As part of the Besiktas PUBG Mobile Open competition, Mobile Streams will live stream video on demand coverage of the competition through its gaming community platform at mobilegaming.com globally, as well as through its international mobile network connections.