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.
- Great Western boosts copper prospects through exploration deal
- Small Cap Stocks: Sondrel, IQGEO, EKF Diagnostic, Petrel, genedrive
- Great Western Mining inches towards revenue