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Three Quick Facts: CleanTech Lithium, ValiRx, Hays


Three things you need to know in the financial markets today from investment writer, Tony Cross.

#1. CleanTech Lithium upgrades JORC estimates

CleanTech Lithium [LON:CTL] has this morning published an updated JORC resource estimate for the Francisco basin project. With a previous inferred and indicated count of 527,000 tonnes, this has now been upgraded to 919,000 tonnes. However the note also flags challenges faced during the drilling program last year so there’s presumably scope for these numbers to be further upgraded in due course.

#2. ValiRx half year report

A half year report from ValiRx [LON:VAL] is also out today, although seemingly offers limited cause for excitement. Admin expenses are running higher but the company is going through a refocusing strategy supported by a move to a transactional Contract Research Organisation with its Inaphaea subsidiary. Losses have been trimmed from 1.53p per share to 1.03p per share.

#3. Bumper year of revenues for Hays, but is slowdown looming?

Hays [LON:HAS] has published preliminary results today for the full year to 30th June. Fees are up 9% to hit a group record but profits are down 6%, a move which is noted as being in line with expectations. Consultant headcount has been trimmed, which is arguably a bigger red flag for the wider economy than the company itself and excellent cash generation means that a 5% dividend increase has been offered.

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This article does not constitute investment advice. Do your own research or consult a professional advisor.

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