Touchstone Exploration (LON: TXP) chief executive Paul Baay bought 183,800 shares at $C0.135 each in the oil and gas company. The share price increased 7.41% to 7.25p.
United Oil and Gas (LON: UOG) has raised £500,000 at 0.2p/share. This will provide cash while the company continues with the farm out of the Walton-Morant licence in Jamaica. The share price gained 4.445 to 0.235p.
Strategic Minerals (LON: SML) has gained local government approval for the expanded drilling programme on the Redmoor tungsten tin copper project in Cornwall. This should be completed in the second quarter of 2027. Drill hole CRD044 has been completed and it intersected the full thickness of the Redmoor Sheeted Vein System.
FALLERS
Hospital charging software provider Craneware (LON: CRW) says that there has been an unexpected slowdown in 340B transactions revenues. This provides discounted drug prices for some people in the US. There were also delays in some contracts. Expected revenues have been trimmed to between $205m-$208m, while EBITDA has been reduced to $65m to $67m. The Craneware share price slipped 18.1% to £11.97.
Oracle Power (LON: ORCP) has raised £500,000 at 0.04p/share. This will predominantly finance the mining projects in Australia and help the move towards gold production in the Northern Zone. There will also be investment in projects in Pakistan. The share price declined 15% to 0.0425p.
Litigation Capital Management (LON: LIT) has been unsuccessful in seeking permission to appeal a competition claim loss. The related value of £800,000 will be written off. The share price dipped 13.65 to 1.72p.
Helix Exploration (LON: HEX) has raised £16m at 22p/share and up to £1.6m more could be raised by a retail offer. The helium producer is spending $11m on the Keyes helium complex. This will enable Helix Exploration to benefit from the full margin on its production from wellhead to the delivery of liquid helium. The range of buyer is broader for liquid helium. The share price fell 10.6% to 23.25p.
Digital health company MedPal AI (LON: MPAL) is raising £5m at 3.5p/share to fund the acquisition of Solid State Technologies, an electronic Medicines Administration Record software provider, and boost working capital to finance record NHS dispensing volumes. The company will invest in stock ahead of expected demand from adding new customers. Each additional customer could add recurring revenues of around £2,400 each year. The share price slid 8.75% to 3.65p.