See our roundup of today's AIM risers - see the full LSE winners & losers board here.
Faroe Petroleum rises 25% to 158p a share
An unsolicited offer was made for the entire issued share capital of Faroe Petroleum (FPM) by DNO this morning.
The offer was for 152p in cash for each share in Faroe, representing a premium of 44.8% from the day before it first acquired shares in Faroe, 3 April 2018, and a 20.8% premium from the share price on the last business day before the cash offer announcement.
The board of Faroe are to meet together to consider the offer and will make an announcement in due course.
Read more here & follow FPM here:
Haydale Graphene rises 21% to 32.25p a share
Haydale Graphene (HAYD) announced last week that it signed an exclusive license agreement for 3 years and 3 months to access its patented anti-counterfeiting technology in commercial applications with a printing firm in Thailand.
Shares surged to 17.75p following the announcement and have continued to rise
Read more here & follow HAYD here:
Mosman Oil & Gas rises 16% to 0.28p a share
Mosmon Oil & Gas (MSMN) announced on November 9th an issue of share options to fund the drilling of five wells in onshore Texas.
Shares fell from 0.4p a share to 0.28p after the announcement and continued despite the announcement the Stanley-1 well flowed through “increasingly larger chokesizes and flow rates”.
The company generates revenue from Stanley-1 and “the test shows the potential for higher rates once current gas constraints are removed
Read more here & follow MSMN here:
PowerHouse Energy rises 16% to 0.6p a share
PowerHouse Energy (PHE) announced they are entering into discussion with Toyota Tsusho Corporation of Japan after receiving a formal invitation.
Mr. Takashi Torigoe, General Manager, Chemical Business Development stated: "We have been reviewing Power House Energy's DMG technology over the last few months and take great interest in it. We are excited and looking forward to a potential partnership in Japan and possibly worldwide."
Read more here & follow PHE here:
See all today's AIM Risers here
