Conroy Gold & Natural Resources (CGNR)
continue to rise, jumping 23.73% to 36p
Shares in the gold exploration and development company continue to jump following a statement released last week which detailed that an agreement had been reached relating to the main terms of the proposed joint venture with the Turkish conglomerate Demir Export.
Under the terms of the joint venture (a project called Project Inis), Demir Export will fund and develop, on an earn-in basis, Conroy Gold’s gold deposit within the Clontibret licence in Ireland to bring the licence to a construction-ready status and into operation as a gold mine.
Live Company Group (LVCG) shares rise 23.44% to 3.95p as it cites operational progress
Last week, Live Company Group reported operational progress following the recent platform launch of Start Art Global Ltd ("StART"), of which the company holds a minority investment in.
It said its investment would allow the business “to marry the physical with the digital - allowing artists the chance to show their work, sell it online then deliver to customers world wide.”
In Korea, a second StART + is planned in Seoul for January 2022 which will showcase KPOP art works and limited editions. Additionally, a joint venture to market NFTs in Korea is also being negotiated. It said more art fairs are planned in Korea and elsewhere in Asia for 2022.
IXICO (IXI) shares rose 16.07% to 58.5p after the group reports 34% rise in EBITDA
Today, IXICO published its final results for the year to 30 September 2021 in which it reported 34% increase in EBITDA to £1.7m, up from £1.3m in the year prior which the company said reflects, inter alia, the “solid revenue performance in a challenging trading environment.”
In FY21, IXICO delivered £9.2m of revenues (FY20: £9.5m), a 25% five-year revenue compound annual growth rate, and a ‘continued high gross margin performance’ of 66%.
Victrex (VCT) shares fell 1.71% to 2,407p while FY21 results reflect “solid recovery”
In its preliminary results for the 12 months to 30 September 2021, Victrex reported “a solid and sustainable recovery” in FY21 following the impact it saw from the pandemic last year.
“Automotive, Electronics and Value Added Resellers (VAR) were our standout end markets, with new application growth in our core business and notable milestones in our mega-programmes,” Jakob Sigurdsson, CEO of Victrex, told investors on Monday.
As a result of the strong cash generation reported in FY21, Victrex has declared dividends back to pre-COVID-19 levels, alongside a special dividend for shareholders of 50p/share.