Artemis Resources (LON: ARV) revealed that further assays from the Titan project in the Greater Carlow area show some significant levels of gold and other areas well below background. It indicates a gold-rich hydrothermal system, and it might have led to zones of gold enrichment along favourable structures. The exploration has extended the area of high-grade gold at Titan. There is further news to come from Lulu Creek and Mt Marie. Zeus has fair value of 5.2p/share. The share price is 16.7% higher at 0.7p.
Vast Resources (LON: VAST) believes that the historic claim it has is near to completion. It is waiting for a government institution to sign the agreement and complete the process of recovering the assets. The share price rose 11.4% to 0.1225p.
Marine tracking technology developer Windward (LON: WNWD) has won two new customers outside the US with a combined annual contract value of $1.9m. Renewals are as expected. Existing customers are taking up the AI technology when they are renewing. This year there should be 30% subscription/sales growth and Windward is heading towards breakeven. The share price increased 6.64% to 136.5p.
Energy and water efficiency services provider Eneraqua Technologies (LON: ETP) reported a rise in interim revenues from £26m to £29.9m. However, there is a greater proportion of lower margin energy services work, and the loss increased from £400,000 to £3.8m. The General Election delayed decisions on contracts, but the decisions are beginning to be made. The order book has improved to £114m. Two-fifths of this order book should be delivered in the second half and that would return the business to profit. Singer forecasts a pre-tax profit of £2.4m for the year to January 2025 and Eneraqua Technologies should move into a net cash position. The market remains cautious despite the anticipated rebound in profitability and the 2.63% improvement in the share price to 39p still values the company at less than eight times forecast earnings.
FALLERS
On Wednesday evening, gold explorer Conroy Gold and Natural Resources (LON: CGNR) raised £259,000 at 4.75p/share and the new shares came with warrants exercisable at 9.5p each. The cash will finance work at the Clontibret, Clay Lake and Creenkill project areas and this will help to secure partnerships and/or investment for the projects. The share price dipped 24% to 4.75p.
Xtellus Capital Partners has reduced its stake in Serinus Energy (LON: SENX) from 19.16% to 18.71%. The share price fell 12.5% to 3.5p.
Pawnbroker Ramsdens (LON: RFX) says trading is broadly in line with expectations and all four main parts of the business grew. The 2023-24 pre-tax profit will be at least £11m. Net cash should be £6.7m at the end of September 2024. The currency card product has made a good start, while the sales of watches have recovered helping the retail operation. The strong gold price boosted precious metals income. The share price declined 3.66% to 197.5p.
UBS has sold its 5.57% stake in Greatland Gold (LON: GGP). The share price is 2.69% to 6.15p.
Ex-dividends
Begbies Traynor (LON: BEG) is paying a final dividend of 2.7p/share and the share price is 2.5p lower at 93.5p.
Christie Group (LON: CTG) is paying an interim dividend of 0.5p/share and the share price is unchanged at 95p.
Gateley (LON: GTLY) is paying a final dividend of 6.2p/share and the share price declined 5p to 132.5p.
Inspired (LON: INSE) is paying an interim dividend of 1.45p/share and the share price fell 1p to 45.5p.
Judges Scientific (LON: JDG) is paying an interim dividend of 29.7p/share and the share price is 90p lower at 9410p.
Likewise (LON: LIKE) is paying an interim dividend of 0.13p/share and the share price slipped 0.25p to 16.25p.
Microlise (LON: SAAS) is paying an interim dividend of 0.57p/share and the share price is unchanged at 117.5p.
MP Evans (LON: MPE) is paying an interim dividend of 15p/share and the share price dipped 20p to 916p.
Panther Securities (LON: PNS) is paying an interim dividend of 6p/share and the share price fell 3p to 315p.