AIM movers: Active Energy trademark and Longboat Energy partners relinquish licence

Active Energy Group (LON: AEG) has received a trademark for CoalSwitch in Canada. This follows trademark awards in the US and the UK. CoalSwitch is biomass technology that reduces carbon dioxide emissions by up to 99% compared with coal and 97% compared with gas. John Celaschi increased his stake from 9.76% to 10.1%. The share price jumped 21.2% to 6.3p.

Conroy Gold and Natural Resources (LON: CGNR) has a new gold target in County Monaghan. This is a second gold trend on the Longford-Down Massif. They are along the Skullmartin fault zone and could be connected. The share price increased 9.59% to 20p.

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Battery developer AMTE Power (LON: AMTE) has shipped the first Ultra Prime cells to its primary customer for testing. This is a single use battery designed for use in challenging environments. This could ned with a long-term supply agreement in the oil and gas sector. Interim results are published on 8 March. The share price is 8.33% higher at 58.5p.

Shares in construction dispute services provider Driver (LON: DRV) have risen 6.56% to 32.5p on the back of AB Traction increasing its stake from 20.6% to 27.5%. Ruffer has sold its stake. In the year to September 2022, Driver revenues slipped from £48.8m to £46.9m. while a £2m pre-tax profit was turned into an underlying loss of £1m. Driver could return to profit this year.

Construction has started on Thacker Pass lithium project in Nevada, where Trident Royalties (LON: TRR) has a 60% interest in a gross revenue royalty. The share price improved 5.98% to 58.5p.

Ondine Biomedical (LON: OBI) says that a study at an Ottawa hospital shows patients treated with Steriwave nasal photodisinfection had a 48% shorter mean length of stay in hospital. Fewer patients required antibiotics. There was also a reduction in readmissions. The share price rose 5.88% to 18p.

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Longboat Energy (LON: LBE) says the licence including the Egyptian Vulture light oil discovery has been relinquished. Longboat Energy has a 15% interest in the PL939 licence and the partners could not come to an agreement over an appraisal well. Longboat Energy plans to form a new joint venture and reapply for the acreage in the next Norwegian licence round in January 2024. The share price slumped 20.4% to 11.25p.

Purplebricks (LON: PURP) has lost some of the gains it made after it announced that it received approaches for the acquisition of the company or its businesses. The ongoing strategic review has been widened to include a formal sale process. The share price declined 1.29% to 9.18p.  

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