The Aptamer (LON: APTA) share price has nearly trebled to 26.5p on the back of a successful development of a lateral flow test to diagnose early Alzheimer’s disease. This was developed in collaboration with Neuro-Bio using Optimer binders. The share price is back to around the level it was last month before Aptamer said that deals are slow in converting and it will require more cash.
More good news from Barkby (LON: BARK) investee company Cambridge Sleep Sciences, which has signed a new licence agreement with Bowers & Wilkins, a subsidiary of Masimo. This will enable the SleepEngine technology to be delivered through the partner’s audio products. This follows the five-year licence to Sleep Sense International, which will use the SleepEngine platform to manufacture a Smart Pillow. SleepEngine is an audio product that retrains the brain to restore healthy sleep patterns. The Barkby
Challenger Energy (LON: CEG) says that it expects to be awarded a new onshore licence in Trinidad. This covers a block that surrounds Challenger Energy’s producing Goudron field. The block is also highly prospective, as well as having existing non-producing wells. The Trinidad operations can finance themself and potentially provide cash for the core Uruguay exploration operations.
Ceres Power (LON: CWR) shares have risen 7.68% to 329.3p ahead of the fuel cell technology developer’s planned move to a premium listing later this month.
Shares in GCM Resources (LON: GCM) slumped 34.7% to 2.775p on the back of a heavily discounted placing raising £500,000 at 2.5p. The discount looks high because of a spike in the share over the past month. At the beginning of June, the price was 2.9p. Further cash will be required later in the year.
Nigeria-focused oil and gas company San Leon Energy (LON: SLE) is continuing discussions on a refinancing, but they are not making the progress expected. There are $10.5m of unpaid creditors. The 2022 accounts will not be published by the end of June and trading in the shares will be suspended on 3 July. The share price slide continues with a further decline of 28.8% to 16.025p. The share price has more than halved so far this year.
Video games developer Frontier Developments (LON: FDEV) expects full year revenues to fall. It is stopping buying third party titles, due to increased competition, and concentrating on its own games. The share price slipped 10.2% to 523.5p.
M&C Saatchi (LON: SAA) says that trading has been challenging so far in the first half. This has particularly hit the advertising part of the marketing services group. A small like-for-like decline in revenues is anticipated for 2023 – they were £462.5m in 2022. Profit is likely to be second half weighted. The share price fell 8.79% to 158.25p.