Asiamet Resources was higher as city analysts noted the new management's pedigree for turning small firms to multi-billion dollar companies.
Asiamet Resources (LON:ARS) up 13.8%. Analysts are excited about the prospects of the AIM-listed miner as its new management team helped grow Oxiana Resources from a penny stock to a multi-billion dollar company. Investors are also keenly awaiting drilling results and interim resources upgrades to be released soon.
China Chaintek United (LON:CTEK) down 27.8%. The Chinese government allowed its currency to fall to three-year lows against the dollar this morning, with an overall 2% decline in value.
Fitbug (LON:FITB) down 10%. Shares dropped for a second day as the online personal health specialist has raised £1.65mln through a placing of shares at 2.5p each augmented by a convertible loan note issue.
Vedanta Resources (LON:VED) down 8.8%. The miner dropped as commodity prices fell. Vedanta has been the most volatile of the miners, landing itself on the risers yesterday, but has slipped back again today.
Below are some of the main news driven share price movements at 1pm.
Tern (LON:TERN) up 27%. The high flying investment company yesterday saw shares slip when it said it raised £720,000 through a placing of 6mln shares at 12p a pop, but they shot back up today.
Synthomer (LON:SYNT) up 6%. The chemicals firm reported first half profits of£ 51.4mln, up 14% on the previous year, but warned its full year results could suffer if foreign exchange headwinds do not ease.
North River Resources (LON:NRRP) down 28%. The company said if it does not receive shareholder approval for a US$4mln finance package from Greenstone, it is unlikely it will keep going. Shareholders voted down the last attempt at a US$12mln financing in June due to concerns over the size of the stake that would have ended up with major shareholder Greenstone.
PCG Entertainment (LON:PCGE) down 12.6%. The company sealed its acquisition of Center Point Development Corporation (CPDC), a profitable distributor of gaming software and services in Asia. Shares have been suspended since February but resumed now the deal has been struck.
Below are some of the main news driven share price movements at 9am.
Stratex (LON:STI) up 8.6%. The company said mineralisation has been confirmed at the Dalafin gold project in Senegal.
Just Retirement Group (LON:JRG) up 2.6%.The Boards of Just Retirement Group and Partnership AssuranceGroup announced they have agreed terms of a recommended all-share merger to create JRP Group. Just Retirement Shareholders will own around 60% of the enlarged company.
Camkids (LON:CAMK) down 20.7%. Shares tumbled again today after the company said yesterday that it expects to achieve a small profit for the year, below market expectations due to a difficult trading environment.
Guscio (LON:GUSC) down 9.8%. The company has until the 9 September to make an acquisition/acquisitions that would represent a reverse takeover or it will be suspended from AIM.
SIG (LON:SHI) down 3%. "Our outlook for the year is broadly unchanged although underlying market conditions are resulting in margin pressure, which will offset some of the benefit from our Strategic Initiatives” chief executive Stuart Mitchell said.