Small caps round-up: DQ Entertainment, Mwana Africa, Nighthawk...

20th Oct 2010 13:23

Shares in DQ Entertainment, the entertainment production and distribution company, moved a step closer to their 52-week high Wednesday morning after the announcement of a deal with Noga Communications, Israel's leading independent television content producer and broadcaster.Noga has acquired the Israeli broadcast rights for DQ's animated TV series "The New Adventures of Peter Pan" for a four year period. Pan-African resources outfit Mwana Africa said its Freda Rebecca gold mine is producing close to expected levels after logistical difficulties were resolved in July through the purchase of two new haul trucks. "In September 2,600 ounces were produced, exceeding the Phase 1 production target rate of 30,000 ounces per annum. and we believe that the operation is now close to consistently achieving this rate," the company said.US-based oil group Nighthawk ended last year with cash of 7.2m despite a same again loss of $1.3m. Revenue increased 332% to $2.1m (2009:$498,000)."The priority at Jolly Ranch is to determine the most efficient fracturing method for the multi-stacked hydrocarbon bearing horizons. This initial phase takes longer than with a conventional development; however, once the shale formations are properly understood and capable of demonstrating long-term production the results should be applicable can be applied to the whole of the Nighthawk acreage," the firm said.Software group eg solutions has won a contract with a total initial value of approximately £330,000 and over two thirds of the revenue will be recognised in the current financial year. The contract is for the data capture module of Nuqleus 3D, the business performance software which the company acquired through XTAQ in March 2010. Clyde Process Solutions has been awarded a £1.2m contract from a large Chinese steel company. CPS Asia will provide the company with a coal injection system to be included in the rebuild of one of its blast furnaces.Luxury car dealer HR Owen has seen new car registrations rise in September despite challenging market conditions since its interim statement in August. September is new registration plate month, and registrations were 5.5% up on the same period previously. Both used cars and aftersales continue to operate ahead of internal expectations, it added.Central African Gold's shares soared after it reported positive reserves updates from its Zimbabwean gold mining properties.A reserves update in Africa has also boosted shares in Victoria Oil & Gas. Proved reserves at the Logbaba gas and condensate project in Cameroon have climbed almost five-fold since July 2008 to 49bn cubic feet.Seeing Machines, which makes systems that monitor drivers' facial movements to detect drowsiness, saw its shares jump after it announced that it won contracts to install its equipment in trucks at two mines in North America.Shares in TyraTech have jumped 6% this morning as the pesticide and parasiticide developer extended its partnership with Terminix International. Terminix, the world's largest professional pest control company, has signed a seven-year agreement to market certain TyraTech products in the US, Canada and Mexico. TyraTech will receive an upfront payment and milestone payments as new products are developed and launched.