Ora Technology (LON: ORA) raised £835,000 at 2p/share when it joined Aquis on 20 July. Ora Technology is developing a carbon credits trading platform called Ora Carbon. This will trade carbon credits on the voluntary carbon markets and be offered to retail and institutional investors. Revenues will come from transaction fees and project introduction fees. The share price initially doubled to 4p. It has continued to rise since then and last week it increased a further 26.8% to 6.5p. The financial year end is being changed from November to July.
Brewer Adnams (LON: ADB) chief executive Andy Wood intends to step down at the end of 2024. Michael Heald increased his stake from 20.4% to 21.4%, while Sidney Sussex College cut its stake from 3.17% to 2.12%. The share price improved 0.85% to £59.50.
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Fallers
Wishbone Gold (LON: WSBN) has raised £1.42m at 2.4p/share. That compares with the initial target of £1m. The share price fell 27.2% to 2.475p. The cash will be used to fund exploration at Red Setter and Cottesloe in Australia.
Vulcan Industries (LON: VULC) lost £210,000 in the quarter to June 2023, while net liabilities were £9,000. Net debt is £3.1m. The company has moved into the battery storage sector. The share price declined 11.8% to 0.45p.
KR1 (LON: KR1) had a net asset value of 51.09p/share at the end of June 2023. The share price fell 9.76% to 55.5p.
Cadence Minerals (LON: KDNC) investee company Hastings Technology Metals has executed an EPC contract with GR Engineering Services for the Yangibana beneficiation plant and infrastructure. The contract is worth $210m. The Cadence Minerals share price dipped 4.53% to 8p.