Machine learning company Insig AI (LON: INSG) chief executive Richard Bernstein has bought another 125,000 shares at 28.5p each, taking his stake to 20.1%. The share price is one-eighth higher at 36p.
Ironveld (LON: IRON) has completed its first blast at the opencast pit on the Altona farm. This is expected to have exposed around 3,000 tons of unweathered magnetite ore. Waste rock will be removed and then there will be blasting of the exposed magnetite and delivery of ore delivery to the dense media separation plant. Targeted production is 20,000 tons of unweathered magnetite each month. The share price rose 7.84% to 0.055p.
Scientific instruments producer SDI Group (LON: SDI) is acquiring Severn Thermal Solutions for £4.75m. The business supplies high temperature furnace systems and environmental chambers for material processing and testing. This del should be immediately earnings enhancing. Cavendish upgraded its 2025-26 earnings by 4% to 7.1p/share. The share price increased 9.86% to 78p.
Camellia (LON: CAM) launched a tender offer for up to 350,000 shares at £54 each. It says 215,084 shares were tendered in the offer. The share price improved 4.33% to £54.25.
FALLERS
Non-executive directors Brian Howlett and Juliet Thompson are leaving the Angle (LON: AGL) board. The cancer diagnostics technology and services developer is reviewing the structure of the board. The share price slipped 15.6% to 6.75p.
Cancer therapeutics developer ValiRx (LON: VAL) had cash of £1.56m at the end of 2024. There was a £1.58m cash outflow from operating activities during the year. There have been £200,000 of savings of staffing costs since the year end. The accounts were prepared on a going concern basis and is reliant on further fundraisings. Stephen Wolstenhulme increased his shareholding from 5.84% to 6.17%. The share price declined 10% to 0.45p.
Direct carrier billing and digital content services provider Bango (LON: BGO) moved into profit in 2024. Revenues grew from $46.1m to $53.4m, while a loss of $5.7m was turned into a pre-tax profit of $4.8m. The Digital Vending Machine (DVM) technology, which enables bundling of subscription services, added nine licence customers in 2024 and a further five, so far this year. Annualised recurring revenues grew 59% to $14m, reflecting the DVM growth. The payments business has been hit with high costs of sales routes and this year’s trading is currently below expectations. Net debt was $1.8m at the end of 2024. Working capital movements boosted the cash inflow, but those are likely to unwind this year. New financing agreements provide the required capital for the investment in improving efficiency and growing the business. This year will be one of consolidation with a dip in pre-tax profit to $4m estimated, before the benefits of work done show through in 2026 when pre-tax profit could rebound to $8.6m. The share price dipped 6.95% to 87p.
Biotechnology company Avacta (LON: AVCT) reported a 2024 loss of £29m on continuing revenues of £110,000. Avacta had cash of £17.3m at the end of April 2025 following the sale of the diagnostics business and that cash should last until the end of the year. The share price fell 6.57% to 32p.
Africa-focused oil and gas producer Savannah Energy (LON: SAVE) reported average gross production was slightly lower at 23,100 barrels of oil equivalent/day in 2024. Total revenues were ahead of expectations at $259m and EBITDA was $181m. The audit of these figures is not yet complete. Net debt was $636.9m at the end of 2024. A new debt facility has been greed. Production improved to 23,600 barrels of oil equivalent/day in the first quarter of 2025. The share price decreased 4.23% to 6.225p.