Alba Mineral Resources (LON: ALBA) has been granted ecological permits for dewatering and exploration at the primary target at the Clogau-St David’s gold mine in Wales. Dewatering will begin as soon as possible. The share price jumped 52.8% to 0.17p.
Digital mental health services Kooth (LON: KOO) has been awarded a $188m contract in California. This is for services provided to children via the Behavioural Health Virtual Sales Platform. The service should launch in January. This deal means that expectations for 2023 revenues have been upgraded to at least £34m. Kooth is raising £10m at 300p/share for working capital. The share price increased 32.2% to 345p.
Versarien (LON: VRS) says it has significantly reduced its cost base and the graphene technology developer is in the process of selling assets to boost the balance sheet. The focus will be on low carbon concrete and textiles. The turnaround is progressing well. The share price recovered 13.9% to 1.9525p.
Corero Network Security (LON: CNS) has revealed $6m in orders from new and existing customers so far this year. This includes the biggest software order for the cyber security company. The average order value is $597,000. The share price is 13% to 6.5p.
Affinity binder developer Aptamer Group (LON: APTA) has £200,000 left in the bank and needs to raise more. Full year revenues are expected to fall from £4m to £1.8m. There are plans to halve the cash outflow to £3m this year. The share price is down 37% to 4.25p, which is a new low.
Restore (LON: RST) chief executive Charles Bligh has stepped down and first half trading has been mixed. Records management remains a steady growth business with the relocation business also trading well. It has been tougher for the technology and shredding operations. Pre-tax profit guidance has been cut from £41m-£43m to £31m. Jamie Hopkins has taken over as interim chief executive. The share price has slumped 27.8% to 166p.
Naked Wines (LON: WINE) is delaying its 2022-23 results announcement. The wine retailer still expects revenues to be flat at £350m and operating profit at the upper end of the guidance of £15m-£18m. However, first quarter sales are below expectations and revenues are likely to fall this year. Group strategy is being revised and the auditor requires more time to complete its work in the light of this. There have been board changes. The share price fell 9.4% to 89.6p.
Spirits company Distil (LON: DIS) reported a higher full year loss as it remodels its business. There remain concerns about consumer spending. The share price is 6.25% lower at 0.375p.
