Corero shares jump 9% on major US contract and strong sales momentum
Corero Network Security PLC (AIM:CNS, OTCQB:DDoSF) shares rose 9% to 9.5p after the cybersecurity specialist announced strong third-quarter trading and a major renewal and expansion deal with a leading US cloud computing customer. The AIM-listed firm, which provides protection against distributed denial of service (DDoS) attacks, said order intake rose to $7.4 million in the three months to September, up from $6 million a year earlier.
Petro Matad falls 11% despite new production from Gazelle well
Shares in Petro Matad Limited (AIM:MATD, OTC:PRTDF) slipped 11% to 1.4p after the Mongolia-focused oil producer reported mixed operational news, with a new well starting production but continued challenges at another site. The AIM-quoted explorer said its Gazelle-1 well, tested in October, has been brought online at an initial rate of around 200 barrels of oil per day.
Union Jack Oil reports result from latest Oklahoma well
Union Jack Oil PLC (AIM:UJO, OTCQB:UJOGF) has reported a 'disappointing and unexpected' result from its latest well in central Oklahoma failed to produce commercial quantities of oil, despite initial signs of promise. The AIM-listed company, which focuses on onshore oil and gas projects in the UK and the US, said its Sark well reached a total depth of 5,391 feet, with logs indicating potential hydrocarbons in the Prue sandstone layer.
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Polarean Imaging starts strategic review, may exit AIM
Polarean Imaging PLC (AIM:POLX, OTC:PLLWF) has begun a strategic review to assess its future direction and capital structure, which may potentially lead to its exit from AIM. The company cited continued undervaluation and low trading volumes in the UK small-cap market as factors behind the review.
Oxford BioDynamics shares soar 33% after unveiling breakthrough blood test for Chronic Fatigue Syndrome
Oxford BioDynamics PLC (AIM:OBD, OTC:OXBOF) shares surged 33% on Wednesday after the company announced it had developed a highly accurate blood test to diagnose Chronic Fatigue Syndrome, a condition that has long lacked a reliable means of detection. The AIM-listed diagnostics firm said the test, created with researchers at the University of East Anglia, achieved 96% accuracy in identifying the condition, also known as Myalgic Encephalomyelitis, or ME.
Pantheon Resources completes Dubhe-1 stimulation in Alaska
Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) has successfully completed hydraulic fracture stimulation operations at the Dubhe-1 well on Alaska's North Slope. The 25-stage plug-and-perforate programme was finalised over eight days without safety or environmental incidents, the AIM-quoted company said in a statement.
Active Energy, its pivot and the weird and wacky world of AIM
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Polarean Imaging makes key submission to US FDA
Polarean Imaging PLC (AIM:POLX, OTC:PLLWF) has submitted a new phase III clinical trial protocol to the US Food and Drug Administration to support an expanded use of its lung imaging agent, XENOVIEW. The AIM-listed medical imaging company's contrast agent, already approved for ventilation imaging of the lungs, could gain a broader indication that includes quantitative gas-exchange imaging.
Rockhopper Exploration is testing AIM's appetite for funding riskier opportunities
Was it all a dream? Some kind of fevered hallucination?
Corero shares tumble 33% on profit warning and revenue shift
Shares in Corero Network Security PLC (AIM:CNS, OTCQB:DDoSF) dropped 33% on Wednesday morning after the cyber-defence firm warned that full-year revenue and earnings would fall short of market expectations. The AIM-listed company, which specialises in protecting against distributed denial of service (DDoS) attacks, said it was seeing strong momentum in its subscription-based model, with annualised recurring revenue rising 25% to $21.6 million.
KEFI begins resettlement programme ahead of Tulu Kapi gold project launch
KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) has begun the community resettlement process for its Tulu Kapi gold project in Ethiopia, marking a key milestone in preparations to move into full-scale development. The AIM-listed mine developer said it would start paying compensation this month for the first phase of its action plan, with funds drawn from existing cash reserves following a recent capital raise.
