Gunsynd (LON: GUN) says that prospecting across the Falcon Lake project has returned high-grade copper results one of the two samples shows up to 19.55% copper and 11.65% silver. The Merlin project shows signs of uranium. Both projects are in Canada. The share price is 26.1% higher at 0.145p.
Nortrust Nominees continues to build up a stake in Empyrean Energy (LON: EME). The latest rise is from 3.5%, which was announced last month, to 4.53%. The share price moved up 20.5% to 0.3055p.
Investment company Seed Innovations (LON: SEED) says investee company Clean Food Group has partnered with cosmetics products developer THG LABS. The initial focus is developing a high-performance oil for use in beauty and personal car products. The sustainable oils and fats developer uses yeast strains and food waste as the source of its sustainable oils. Seed Innovations has a 4.76% stake. The Seed Innovations share price rose 10.3% to 1.6p.
Optical equipment supplier Gooch & Housego (LON: GHH) has reassured the market that it achieved the expected improvement in the second half so that it can meet forecasts. Cavendish forecasts revenues of £136.5m and pre-tax profit of £8.1m, down from £9.6m. Industrial sales were higher even though industrial laser demand was flat – that market could pick up next year. He share price increased 7.38% to 422p.
ECR Minerals (LON: ECR) says single-stage gravity recovery testing of samples from the Blue Mountain project in Queensland have shown recovery rates of 91.7% of the gold. This suggests that gravity recovery of alluvial gold from a plant onsite is possible. Further analysis is still required, though.The share price improved 7.22% to 0.26p.
FALLERS
Inspirit Energy (LON: INSP) is returning to its previous existence as a shell (it was previously Kleenair Systems International) because the lead engineer of its subsidiary has to stop working for the company to care for a relative. This has put waste heat recovery engine development on hold. The company will preserve cash and become a shell and seek takeover opportunities. The share price dived by two-thirds to 0.003p.
Root Capital Fund II has sold just over 3.75 million shares in digital mental health company Kooth (LON: KOO) at 280p each. That is 10.3% of the company and it retains a 25.3% shareholding. Kooth joined AIM in 2020 at 200p/share and Root Capital Fund II sold five million shares at that time. The share price fell 11.3% to 282p.
Identity management software company Intercede Group (LON: IGP) says trading is in line with expectations of interim revenues of £8.54m. That puts the company in a strong position to achieve the full year forecast revenues of £16.1m and pre-tax profit of £3m, which is down from the £6.2m achieved in 2023-24 (helped by an exceptional order), but well above the £1.1m in the previous year. The share price dipped 4.8% to 188.5p.