Share buying late in the week pushed up the share price of Jade Road Investments (LON: JADE) by 64.7% to 70 cents. There were just over 20,000 shares traded on Thursday and Friday, compared with fifteen the previous week.
Emissions reduction fuel technology developer Quadrise (LON: QED) had cash of £4m at the end of 2025 having lost £2m in the first half. The MSC vessel and OCP (Morocco) trials are being prepared and there are talks with other ship owners. The share price increased 56.7% to 2.35p.
SkinBioTherapeutics (LON: SBTX) shares initially fell following the announcement at the end of last week that interim results will be delayed but this week the share price ended up recovering 52% to 9.5p. That is back to the pre-announcement level. The board investigation is continuing. This means that trading in the shares will be suspended on 1 April. Cash was £2.44m on 19 March.
Malaysia-based mobile payments company MobilityOne (LON: MBO) says that Technology & Telecommunication Acquisition Corporation has had its prospectus approved by the SEC in the US. This brings nearer the completion of the proposed joint venture with the company. The share price rebounded 46.2% to 9.5p.
FALLERS
Shares in spirits brands owner Distil (LON: DIS) halved to 0.045p following a trading statement outlining poor fourth quarter trading. Full year revenues will be well below expectations. Stock levels in the trade were higher than expected. Sales by the UK distributor are 51% ahead in the first two months of this year, but consumer spending remains depressed. The US launch of Blavod black vodka has been delayed due it still awaiting tax approval from the authorities. Marketing spending has been agreed with UK retailers to help sales to recover.
Litigation finance provider Burford Capital (LON: BUR) announced on Friday afternoon that the US Court of Appeals had overturned the decision won by Burford’s Petersen and Eton Park concerning claims against The Republic of Argentina and YPF. There was a two to one ruling. Argentina had not made a tender offer when it took over a 51% stake in YPF from Repsol. The $16.1bn judgement was overturned. The share price slumped 42.5% to 339p. This is the lowest the share price has been for six years.
Premier African Minerals (LON: PREM) is raising £750,000 at 0.126p/share. The previous fundraising was at 0.0185p/share. The cash will finance the installation of the new plant at the Zulu lithium and tantalum project, plus ongoing operations. The share price declined 36.9% to 0.01325p.
The Mission Group (LON: TMG) revenues fell by one-fifth to £68.8m, although continuing operations revenues were only 8% lower. Pre-tax profit on continuing operations slid 39% to £3m. The marketing services provider has net debt of £9m. Annualised cost savings will benefit this year. Onward Opportunities (LON: ONWD) has raised its stake from 10.8% to 11.1%. The share price slipped 32.4% to 12.5p.