Aquis weekly movers: Ora Technology share price increases 275% since flotation

Ora Technology (LON: ORA) shares are still moving ahead following the £835,000 fundraising 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. The share price increased a further 9.09% to 7.5p.

SuperSeed Capital Ltd (LON: WWW) increased NAV by 21.7% to 118p/share at the end of the first half. The share price is 6.06% higher at 87.5p. Portfolio companies are making progress. Revenues analytics and forecast platform provider Kluster Enterprises raised additional cash in a Series A financing.

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FALLERS

Oscillate (LON: MUSH) is planning to ask shareholders to approve a members voluntary liquidation and investee company LaunchMyCareer Holdings, formerly Dev Clever, is presenting a winding-up petition to the courts. Oscillate bought 2.5 million warrants at an exercise price of 1p/share. The Oscillate share price fell a further 29.4% to 0.3p. Asimilar Group (LON: ASLR) owned 72.3 million shares in LaunchMyCareer and they were valued at 2p each. The Asimilar share price is unchanged at 0.75p

TruSpine Technologies (LON: TSP) intends to appeal a disciplinary notice and fine of £215,000, although £165,000 of this is only payable if the company fails to comply with market rules at any point in the next three years. The fine relates to the failure to initially report that a loan agreement included a charge of assets and a failure of corporate governance. The company has raised £50,000 at 2.5p/share. The share price declined 13.6% to 1.9p.

Ananda Developments (LON: ANA) says NHS Scotland will fund a MRX1 endometriosis trial. It will provide £300,000 for the cannabis-based oil treatment trial. The share price fell 10.5% to 0.425p.

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Schroders trimmed its stake in Invinity Energy Systems (LON: IES) from 22.3% to 21.97%. The share price is 9.09% lower at 40p.

Crypto app operator Tap Global Group (LON: TAP) increased full year revenues from £900,000 to £2.52m, helped by the inclusion of Tap Global Ltd since January 2023. There are 44 cryptocurrencies on the platform. The share price fell 3.45% to 2.8p.

Marula Mining (LON: MARU) reported results from the phase 1 exploration programme at the Kinusi copper mine. This identifies a copper mineralised corridor for over one km in length and more than 300 metres in width with grades of up to 30%. The share price dipped 1.75% to 14p.

Aquis-quoted NFT Investment (LON: NFT) had net assets of 3.37p/share at the end of June 2023. There was a £10m increase in the value of digital assets over the six-month period. There was £2.78m in cash. Crypto prices are starting to rise and that should benefit net assets. The share price is 1.5% lower at 1.65p so the discount to NAV is more than 50%.

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