Alaska-focused oil and gas explorer Pantheon Resources (LON: PANR) has successfully drilled the lateral section of the Dudhe-1 appraisal well to 5,200 feet, which is deeper than planned. It is preparing for flow testing. The management 2C resource estimate has been raised by 228mmbbl. Zeus has a total risked NAV of 77p/share. The share price increased 13.1% to 32.675p.
Invinity Energy Systems (LON: IES) has signed a memorandum of understanding with Xiamen C&D in China. The deal seeks to establish manufacturing of the company’s vanadium flow battery products in China. The share price improved 7.69% to 21p.
Journeo (LON: JNEO) says its recently acquired cyber security business secured a £5m framework agreement with a UK utility for infrastructure protection services. The share price rose 7.52% to 493.5p.
Building materials supplier SigmaRoc (LON: SRC) has managed to hold up volumes despite the weak European construction markets and the benefits of cost savings are coming through. Pro forma revenues were 1% down in the first half. Earnings increased 52% to 4.66p/share and net debt was reduced to £451m. The share price is 6.98% ahead at 124.1p.
Telecoms administration platform provider Cerillion (LON: CER) has won two contracts worth £17.3m over five years. An £8m services contract was won with the same European customer in May. These contracts could generate revenues of £5m this year, assuming an upfront software licence, and underpin the current forecasts. The share price is 6.03% higher at 1495p.
FALLERS
Digital health platform developer Trellus Health (LON: TRLS) had net cash of $1.6m at the end of June 2025, down from $4.3m at the end of 2024. The cash will last until November. The monthly cash burn has been reduced to $440,000. Revenues have reached $379,000. A fundraising is possible in the next few weeks. The share price slumped 40.6% to 0.475p.
Mercantile Ports & Logistics (LON: MPL) has been trying to refinance its loan facility with three banks. One of those banks has not yet agreed to a one-time settlement at a discount to the outstanding figure. The share price dipped 22.5% to 0.95p.
URU Metals (LON: URU) says the latest data on the Zeb nickel project in South Africa has delineated multiple discrete conductors and the 3D integration strengthens the case. There will be a follow-up programme prior to selecting locations for drill-testing. The share price slipped 14.7% to 3.2p.
UK regulatory changes hit UK revenues at Gaming Realms (LON: GMR), but the mobile games developer continues to grow strongly in North America. Interim revenues were 18% ahead at £16m, helped by an increase in brand licensing from £300,000 to £2.4m – that is more lumpy in terms of revenues. The UK games will be adapted for the new regulations by the end of the year, and revenues should recover. North American revenues continue to grow. and the company is launching in new markets. Full year pre-tax profit is forecast to grow from £8.3m to £11.2m. The share price fell 10.8% to 44.95p.