09:00 Miners, Precious Metal Miners, Oilers Leading The Way - Uranium Names on the Rise YCA, GCL : FRES Breaks out , Gold Miners Moving North
Heatmap at 0900
Starting April in green as oilers, miners and Precious Metal Miners Lead
in Mcap >£40m names, Frontier Development (highlighted pre market) leads the way in early liquidity : GCL, HOC, FRES +5% at 0900
Yellow Cake and Geiger Counter among the leaders as Uranium holds above $87/lb
Fresnillio FRES Finally Breaks out +6.6% gapping above the 50MA resistance
Ones to Watch - 2 Software Names with Bullish Charts and Updates : FDEV and GMR
Frontier Developments - FDEV
sets-up for a reversal off a volatility squeeze from a long period of basing ; RNS here
Reporting in-line with cash position maintained and positive outlook may support a move north today
Gaming Realms GMR
Gapped above the 50MA resistance on Friday and fires long on a volatility squeeze
2023 Financial Highlights:
· Revenue increased by 26% to £23.4m (2022: £18.7m)
o Licensing revenue increased by 33% to £19.9m (2022: £14.9m)
o Social publishing revenue fell by 5% to £3.5m (2022: £3.7m)
· Adjusted EBITDA increased by 29% to £10.1m (2022: £7.8m)
· EBITDA of £9.2m (2022: £7.4m)
o Licensing segment generated £11.3m EBITDA (2022: 8.0m)
o Social publishing segment generated £0.8m EBITDA (2022: £1.5m)
o Head office costs were £2.9m (2022: £2.0m) and excluding share option and related charges were £2.4m (2022: £1.8m)
· Profit before tax for the year increased by 47% to £5.2m (2022: £3.5m)
· Year-end cash balance increased to £7.5m (2022: £2.9m), with the Group remaining debt free
06:45 Pre Market- Oil Up, Gold Up, Dollar Up
Gold continues its relentless move north clearing 2250 overnight even as dollar rallies towards $105
US indices pulled back marginally yesterday
Oil advances towards the $88 top of channel line
