Pure cloud services supplier Outsourcery (OUT:AIM) has brought a sparkle to its share price since last week's stockmarket debut. The group has today unveiled a deal with Virgin Media's (VMED) business arm to resell its services suite to enterprise customers. The £40 million cap joined the London market on 24 May at 110p and the shares have rallied strongly, adding another 1.5p today to 129p.
Ukrainian and Russian oil & gas producer JKX Oil & Gas (JKX) slicked up 6.2% to 60p after announcing a sidetrack well on its Molchanovskoye North field in central Ukraine came in ahead of expectations. This is the first well in a busy 2013 Ukrainian drilling campaign.
Low-cost carrier Ryanair (RYA) endured turbulence with its shares first dipping, and then rising 0.3% to ?6.94, after the UK Competition Commission said that the Irish airline might have to reduce its 29.8% stake in rival Aer Lingus (AERL) because the present holding could reduce competition on UK and Ireland routes.
Shares in Genel Energy (GENL) and Gulf Keystone Petroleum (GKP:AIM) gushed up 1.8% at 943p and 6.6% at 162p respectively as the market cheered a joint discovery in Kurdistan, northern Iraq. The Ber Bahr exploration well flowed at 2,100 barrels of oil per day.
It didn't matter that the numbers were small, the mere presence of an actual resource statement from metals explorer Kefi Minerals (KEFI:AIM) reignited the share price. The small cap shot up 21% to 3.32p after saying it had proved up 313,000 ounces of gold in Saudi Arabia, representing its maiden resource at the Jibal Qutman prospect.
Having issued a profit warning two months ago, Fulcrum Utility Services (FCRM:AIM) has taken a second beating as investors latched onto the uncertain outlook statement accompanying today?s finals. The counter fell 15.4% to 6.88p
Mining services specialist MDM Engineering (MDM:AIM) fell 4.2% to 138.5p after terminating a merger with Sedgman. On a more positive note it said it expected to report a 260% increase in pre-tax profits to $20.3 million for the year to the end of March.
Image technology developer OMG (OMG:AIM) continues to juggle too many balls for the market's liking. An assortment of unrelated businesses is about to be expanded further with the launch of its new Autographer intelligent camera product. The extra investment saw the company plunge to a £0.2 million loss for the six months, against a £0.7 million profit a year ago, sparking a mass shares sell-off, down 12.5% to 31.5p.
Machine gun maker Manroy (MAN:AIM) fell more 12.3% to 52.6p after its interim results failed to fire the market with much enthusiasm. The company remains loss-making - with pre-tax losses narrowing year-on-year from £1.3 million to £960,000.
Telesales software microcap Electronic Data Processing (EDP) jumped over 9% to 69.5p after unveiling solid growth and a 5p per share special dividend. Recurring revenues worth 76% of its £2.93 million sales and £5.9 million of net cash are clearly seen as added attractions by investors.
US onshore enhanced oil recovery play Resaca Exploitation (RSOX:AIM) crashed 41.5% to 2.92p after announcing its intentions to delist from AIM and divest all of its assets.
Oil explorer Solo Oil (SOLO:AIM) ticked up 3.1% at 0.34p after it announced the Tanzanian government has agreed to vary the terms of its Ruvuma production sharing agreement - giving it more time to meet drilling commitments.
