Nostra Terra, Stagecoach and GoldStone Resources

“Equities continued to make positive gains as risk sentiment improved after the UK's decision to leave the EU with house-builders, which suffered some of the sharpest falls on the Brexit vote, prominent blue-chip risers,” says AJ Bell Investment Director Russ Mould.

Nostra Terra’s shares soared after the group accepted $2.1m for its 20% stake in the Chisolm Trail prospect in Oklahoma. The low oil price environment has persuaded Nostra Terra that this is a great opportunity to re-deploy funds and acquire assets where it will have more control of the pace of growth and which can have an impact for both the near and long-term. Its shares were up by nearly 24% in lunchtime trading

Transport group Stagecoach edged up after it agreed to sell its megabus Europe business to FlixBus and reported full-year results in line with forecasts.  Stagecoach will continue to operate a number of European inter-city coach services as a contractor to FlixBus and remains remain positive on the long-term prospects for public transport. Stagecoach has little business in Europe but it is watching developments closely after the EU referendum and resulting economic, consumer and political uncertainty. 

Junior gold explorer GoldStone Resources’ shares fell sharply on full year losses and plans to recapitalise the company to enhance its prospecting licence base particularly in Ghana.  Minimal work was carried out at its projects in Senegal and Gabon last year and GoldStone will continue to identify potential corporate deals to extract underlying value from these licences without pursuing significant exploration work. GoldStone’s shares were down by over 16%.

These articles are for information purposes only and are not a personal recommendation or advice.