Three things you need to know in the financial markets today from investment writer, Tony Cross.
#1. Weir’s Capital Markets Day
Weir Group LON:WEIR have advised that they will be holding a capital markets webinar at 2pm today. Conditions in the company’s market guidance which was offered in the Q3 statement issued a month ago remain unchanged.
#2. ReNeuron sales up, but funding challenges flagged
AIM listed stem cell technology firm ReNeuron Group LON:RENE has published half year results today. Revenues grew significantly and operating costs fell, but the company remains loss making. The note looks at funding, pointing out that the market for raising capital is far from positive at the moment but with £10m in the bank, the business still has a cash runway of almost a year.
#3. Orosur: gold drilling results fall short of expectations
Orosur Mining [LON:OMI] has issued an update on its Colombian Anza project. Drilling results are in and these have been deemed less exciting than had been hoped for. Whilst management note that this is far from surprising given the complexity, it may now be a case that the Orosur share price – up by almost a third over the last five days – will struggle in the near term.
