Digital marketing company Electric Guitar (LON: ELEG) has been winning business since moving to AIM, but the share price has fallen back. It has recovered 17.7% to 0.5p but is still 25.9% lower over the past week.
Synergia Energy (LON: SYN) has completed the farm out of a 50% interest in the Cambay PSC to Selan Exploration. The $20m work programme has commenced. A suitable workover rig has been contracted along with other equipment for the first two well workovers. The share price rose 8.42% to 0.0515p.
The Calnex Solutions (LON: CLX) share price rebounded 7.27% to 59p ahead of the telecoms testing equipment’s interims on 19 November. The share price has fallen by nearly two-thirds since the end of 2022, although it is only slightly down this year. Trading has been in line with expectations, but profit could remain modest this year.
Black Rock’s stake in gold miner Caledonia Mining Corporation (LON: CMCL) has reached 5%. The share price improved 4.46% to 1170p.
ITM Power (LON: ITM) has won its first contract for a NEPTUNE V unit to Guttroff Gmbh, which provides services for medical gases, welding supplies and engineering companies. NEPTUNE V is a 5MW containerised electrolyser plant. The share price increased 3.39% to 40.84p.
FALLERS
Bushveld Minerals (LON: BMN) has withdrawn its production guidance following a decline in third quarter vanadium production from 1,000mt in the same quarter last year to 855mt. Weighted average production cost is $27.5/kg. A lack of cash has forced the company to slow production until additional cash is received. The sale of the Vanchem vanadium processing plant was completed on 7 November. The share price dived 21.1% to 0.375p.
Westmount Energy (LON: WTE) is withdrawing from the US OTCQB market on 2 December. The oil and gas investment company will remain on AIM. The share price fell 8% to 1.15p.
Smart meter communications technology developer CyanConnode (LON: CYAN) interims were held back by a slowdown in installations during the Indian elections. First half revenues dipped from £5.8m to £5.6m. Increasing software sales are boosting gross margins. The second half will have to be much better to achieve full year revenues of £34.5m, which will move the company into profit. There is a strong order book, so it is possible. The final quarter will be important to the outcome. The share price slipped 7.53% to 10.75p.