EnergyPathways (LON: EPP) will be awarded a gas storage licence by the North Sea Transition Authority for its MESH project. It covers up to 60 salt storage caverns. This is part of a project in the East Irish Sea. The gas storage facility could double the UK’s gas storage capacity. The share price jumped 15.4% to 9p.
Online gaming marketing business B90 (LON: B90) reported results in line with the recent trading statement and management intends to use the AI performance marketing technology it has developed to move into new sectors. Revenues more than doubled to €7.2m and pre-tax profit was €1.1m, up from €700,000. Importantly, there was €603,000 in cash generated from operations and net cash was €1m at the end of 2025. Development costs are expensed and the cash pile will continue to grow. Longer-term, moving into new sectors should boost growth. The share price rebounded 14.6% to 2.35p, which is around eight times forecast earnings.
Yet another upgrade for Ramsdens (LON: RFX) following the third trading statement in three months. Guidance for 2025-26 pre-tax profit has been upgraded from £24m-£28m to £28.5m-£31.5m. The gold buying operations are a part of the reason, but jewellery retail and pawnbroking are also doing better than expected. Foreign exchange is slightly weaker than expected due to lower margins and it could be hit by the Middle East conflict if flights and holidays are cancelled. If gold buying volumes continue at the current level, then there could be a further upgrade later in the year. The share price increased 8.44% to 417.5p.
Union Jack Oil (LON: UJO) has says the Crossroads well was spudded on 5 May. Drilling should last ten days. Union Jack Oil has a 43% interest. The share price improved 10.1% to 4.35p.
Driver safety technology developer Seeing Machines (LON: SEE) says automotive volumes more than doubled in the third quarter compared with the previous quarter, Royalty revenues in the quarter were greater than for the whole of the first half. There are 6.1 million cars fitted with Seeing Machines technology. There should be a positive EBITDA in the second half. The share price rose 9% to 4.5125p.
Ascent Resources (LON: AST) has received an update from the International Centre for Settlement of Investment Disputes concerning Energy Charter Treaty claim against the Republic of Slovenia. The announcement confirms that the arbitration tribunal has reached an advanced stage and that an award is expected to be issued to the parties in June. The share price gained 7.2% to 0.67p.
FALLERS
Biopharmaceutical company Avacta Therapeutics (LON: AVCT) is presenting new comparisons of preCISION payload release via AVA6103. The data suggests that the treatment could improve options for cancer patients. Other data indicates effectiveness in combination with antibody drug conjugates. The share price fell 2.6% to 75p.
Invinity Energy Systems (LON: IES) is successfully reducing the cost of the Endurium vanadium flow battery technology and making other cost savings. A contract with a Hungarian customer has been delayed and a potential US contract will take longer than expected to contribute. Revenues guidance for 2026 has been reduced to £13m and the loss could be £25m. Cash should still be £7m at the end of 2026. The share price dipped 1.47% to 16.75p.