Small caps round-up: African Copper, Global Energy Dev, Oxford Bio...

13th Dec 2010 10:24

African Copper rallied again today, up to a nine-month high, forcing the miner to confirm it has received an interim mining licence for the Thakadu deposit in Botswana. "The grant of the full mining licence is pending further discussion and agreement with the government of Botswana," it said Monday.Latin America focused oil company Global Energy Development is as high as it's been in almost a year on news it has reached an agreement to farm-out 60% of its interest in the Peruvian Block 95 licence contract to Gran Tierra Energy.GTE will become the operator and will assume 100% of the costs of an exploration well up to a maximum of US$15m, plus its share of the past costs incurred by the group on the Contract for $2m.Indian call centre operator iEnergizer Ltd made a $7.3m profit in the six months ended 30 September on revenue of $22.8m.The company, which floated on AIM in September, said it expects to declare a dividend for the full year ended 31 March 2011. Gene therapy company Oxford Biomedica sank to new lows after announcing a £20m fundraising at 5p a share, including a 2 for 9 open offer.