Three things you need to know in the financial markets today from investment writer, Tony Cross.
#1. Rockfire Resources’ solid drilling progress noted in Greece
There’s a drilling update out from Rockfire Resources LON:ROCK concerning the company’s 100% owned zinc deposit in Greece. Geotechnical drilling is proceeding well and management are pleased with the quantity of sulphides being encountered, something that is seen as supportive of boosting resource estimates.
- Small Cap Stocks: Synectics, GCM, Chariot O&G
- Small Cap Stocks: Rockfire, Proteome, Ukrproduce
- SmallCap Stocks: Revolution Bars, Oracle Power, Lok’n Store
#2. Lok’nStore 10% revenue growth reported
Self-storage company Lok’nStore LON:LOK has provided a trading update for the six months to 31st January. All the key metrics are pointing in the right direction with same store revenue up over 10% year on year and move-ins up by 13.5%. Net asset value is expected to be broadly unchanged at the full year. The company has aggressive expansion plans too, and currently eyes a close on 50% increase in trading space once the current pipeline is complete.
#3. DX bribery saga rears its head again
Parcels and courier firm DX LON:DX. has issued a rebuttal to a weekend media statement that accuses the company of corporate espionage. DX notes that this issue was dealt with last year and an announcement was made to the market on 20th September 2022. This was also seen as the reason why the company was unable to file accounts in a timely manner last year and ended up with shares suspended for 10 months. DX intends to vigorously defend its position and is now making legal representations to the press involved.