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Home » UK Shares » Three Quick Facts » Three Quick Facts: Tekmar, EKF and Great Western Mining

Here are three things you need to know in the financial markets this morning from investment writer, Tony Cross.

1. Tekmar strategic partner sought

Tekmar (LON:TGP) published interim results this morning which showed the company continuing to navigate its way out of post-pandemic losses, but expected future capital requirements have lead the management team to conclude that a strategic partner should be sought to maximise shareholder value. Options here include, but are not limited to, a full sale of the company, suggesting that the stock could see a turbulent ride ahead as this unfolds.

2. Strong cash position sees EKF look beyond C-19

EKF Diagnostic Holdings (LON:EKF) has provided an update on its strong cash position, which it notes is helping the company gain a clean break from COVID related services, enabling it to transition into other areas on a sustainable basis. The trigger for this announcement as the receipt of $5.5m in cash relating to additional inventory held in the USA.

3. Great Western Mining drilling success reported in Nevada

AIM-listed Great Western Mining (LON:GWMO) has provided a further drilling update this morning on its Nevada operation. Intercepts have been successfully found at all three drill holes, with one being larger than anticipated. Assay results are now awaited.

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This article is not investment advice. Investors should do their own research or consult a professional advisor.

Tony Cross

Tony Cross

Tony Cross is a market commentator with over 15 years of experience, producing compelling, insightful copy for journalists and investors alike. Focusing on macroeconomics, UK blue chip equities and inter market analysis, Cross's commentary is well regarded for its clarity and ability to cut through the waffle. He has been quoted in publications as diverse as The Financial Times, The Times, The Guardian and The Sun. He has also been a regular guest on both Share Radio and TipTV.

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