SDX Energy (LON: SDX) has postponed the general meeting on 31 December. This was called to gain shareholder approval to leave AIM due the costs of the quotation and the greater potential flexibility as a private company. Potential investors would apparently prefer to invest in an unquoted company. The strategy continues to be to become a vertically integrated gas and renewable energy producer in Morocco. The general meeting will be rearranged. The share price jumped 71.4% to 0.6p.
Jonathan Rowland has increased his stake in fire suppression technology company Zenova Group (LON: ZED) to 7.8%. The share price rebounded 22.7% to 0.675p.
Versarien (VRS) has received a further £150,000 for the sale of equipment in South Korea. The date of the final payment of £92,000 has been extended to the end of February 2025. There is an annual interest charge of 10%. The share price is 14.3% higher at 0.04
Three directors of Invinity Energy Systems (LON: IES) at 14.85p/share. Chairman Neil O’Brien bought 135,000 shares, chief executive Jonathan Marren acquired 134,680 shares and finance director Adam Howard purchased 134,333 shares. The share price moved up 10.3% to 16p.
Ondine Biomedical Inc (LON: OBI) has enrolled the first patient in the Light-Activated Antimicrobial Therapy to Prevent Surgical Site Infections phase 3 clinical trial. The trial will involve 5,000 patients. The share price increased 5.88% to 9p.
Arecor Therapeutics (LON: AREC) has signed an exclusive licence agreement for a formulation of liquid drug product AT351 for a large client. The use of the product is undisclosed. There is an upfront milestone payment with potential for further payments. The licensee will be responsible for further development and hopes to seek FDA approval within three years. The share price improved 5.76% to 73.5p. Panmure Liberum has a target share price of 361p.
Mosman Oil & Gas (LON: MSMN) is acquiring an 82.5% working interest in the Sagebrush project in Colorado, where there are seven producing oil wells and there is potential for helium and other hydrocarbons. The cost is $630,000. Oil production is 40 barrels/day. The share price rose 3.7% to 0.028p.
FALLERS
Shares in retailer Quiz (LON: QUIZ) continue to decline following its decision to ask shareholder permission to leave AIM. The general meeting will take place on 23 January. The share price declined 18.4% to 0.7225p.
On Friday afternoon, Sunrise Resources (LON: SRES) said Tolsa USA Inc has decided not to exercise its option to acquire the Pioche Sepiolite project in Nevada. There was no agreement on the terms of a continuing royalty for Sunrise Resources. The share price fell a further 15.4% to 0.0275p.
Engage XR (LON: EXR) is rolling out the School of AI to its education clients. This is an immersive learning environment where students can speak to people from history. The share price slipped 4.17% to 0.575p.