See our roundup of today's AIM risers - see the full LSE winners & losers board here.
Bellzone Mining (BZM) Rises 14%
Bellzone Mining (BZM) rises 14% to 0.2p a share after markets opened, following yesterday’s drop in share price.
The drop was followed by the corporate update by the company announcing their intention to not proceed with the issue of shares to raise money.
The company has cash reserves until December 2018 and is exploring “options to remain as a going concern”, potentially selling its Konta Port asset, or consider an insolvency procedure.
Read more here & follow BZM here:
Greka Drilling (GDL) Rises 14%
Greka Drillng (GDL) rises 14% to 0.8p a share after markets opened.
The company is the largest independent and specialized unconventional gas driller in Asia, with operations in China and India.
The company remains positive on the long term prospects for Greka Drilling “but expects challenges in the short term to continue while we operate with the current limited number of contracts”
Read more here & follow GDL here:
Velocys (VLS) Rises 11%
Velocys (VLS) rises 11% to 5.74p a share after markets opened.
The company enables the production of renewable jet fuel and diesel from foresty by-products, with investor backing from the likes of Russian billionaire Roman Abramovich.
It has partnerships with British Airways and Shell, as global demand for high quality renewable fuels grows, particularly from airlines and jet fuel producers
Read more here & follow VLS here:
Prospex Oil & Gas Rises 8%
Prospex Oil & Gas (PXOG) rose 9% to 0.3p a share after markets opened.
It recently issued unsecured loan notes to new and existing investors, which included several company directors to fund 2019 development costs at the Selva gas discovery on the Podere Gallina Permit in Italy.
Prospex Chairman, Bill Smith, commented that “It is highly encouraging that first production in Romania has opened up non-equity funding options to the Company.
Read more here & follow PXOG here:
See all today's AIM Risers here
