M3 Helium, where Voyager Life (LON: VOY) has an option to acquire the company, says two samples from the Rost well at Fort Dodge in Kansas showed 5.1% helium. Two other samples were above 4.8% helium. These are highly commercial levels. The share price jumped 61.5% to 5.25p.
KR1 (LON: KR1) is simplifying its share structure through providing a way of redeeming deferred C and deferred D shares. They have no significant economic value. The share price is 8.86% higher at 64.5p.
ProBiotix Health (LON: PBX) nearly doubled interim revenues to just above £1m and reduced the loss. A US partner has obtained positive clinical results for IBS and antibiotic recovery for a probiotic containing the company’s LP (LDL). The share price rose 7.14% to 3.75p.
Automotive electrification Equipmake (LON: EQIP) revenues are improving, but the loss has increased. In the year to May 2024, revenues were 60% ahead at £8.1m. There was £2.5m in cash at the end of May 2024. There are plans to reduce costs and focus on higher margin technology. The share price increased 5.56% to 4.75p.
Inqo Investments (LON: INQO) has invested in Flybox Budongo, which has developed a modular containerised system to produce Black Soldier Fly eggs and five-day old larvae that can convert organic waste into animal feed. The share price edged up 0.8% to 66.5p.
FALLERS
Shares in housebuilder St Mark Homes (LON: SMAP) continue to decline ahead of shareholder approval at the AGM on 31 July for the departure from the Aquis Stock Exchange. The price slumped by one-third to 15p, which is a 71% decline this year.
Christopher Potts reduced his stake in Shortwave Life Sciences (LON: PSY) from 11.65% to less than 3%. The share price dipped 18.9% 1.225p.
Valereum (LON: VLRM) says blockchain consulting firm Antier will collaborate in the development of the V-Wallet that will form part of the VLRM Market’s ecosystem. This should be launched later this year and will enable uses to buy, sell and hold multiple cryptocurrencies. The share price fell 13.3% to 3.25p.
Gunsynd (LON: GUN) says investee company Metals One has published a JORC inferred mineral resource of the P5 area of the Finland – Black Schist project of 29Mt. There is 1.8Mt attributable to Gunsynd, which owns 6.25% of a subsidiary of Metals One, and that company has an option to buy back the stake. Gunsynd shares slipped 11.5% to 0.115p.