Small caps round up: Summit Corp, Jubilant Energy, Solo Oil...

Summit Corporation, Jubilant Energy, Solo Oil, Digital Learning Marketplace, Caza Petroleum

Summit Corporation, a drug research group, has reported positive data from in vivo studies in its drug discovery programme targeting Alzheimer's disease and related neurodegenerative disorders. The most recent tril has discoved a way to enable the drug to penetrate the Blood Brain Barrier and enter the central nervous system - the major challenge when developing medicines for the treatment of such diseases. Shares gained 2.54% to 15.12p.

Shares in India-focused oil and gas group Jubilant Energy jumped today after announcing that one of its development wells in the already oil-producing Kharsang Field has successfully tested for oil. The KSG#61 well, the fourth of the seven phase III development wells in the field, spudded in December and was drilled to the target depth of 1,127m in January. It has now been put into production at an initial gross rate of 70 barrels of oil per day. Shares were up 6.03% at 30.75p.

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