Bluejay Mining (LON: JAY) is the latest minerals explorer to evaluate possible deposits of hydrogen and helium. Historical drilling within the Outokumpu belt revealed substantial concentrations of hydrogen and helium. There are also signs of lithium. There will be sampling and testing. The share price improved 10% to 0.385p.
Oriole Resources (LON: ORR) says the 80%-owned Mbe gold project in Cameroon has undertaken soil sampling that confirms gold anomalism, although the latest results are lower than the original result. Initial results of trenching are expected in the third quarter of 2024 and this will be followed by drilling. The share price rose 6.73% to 0.2775p.
Eden Research (LON: EDEN) has gained regulatory authorisation for biofungicide Mevalone in Germany. This can be used to control Botrytis on grapes and prevent storage diseases on apples. This should generate significant revenues within three years of launch. The share price increased 6.02% to 4.4p.
Tekcapital (LON: TEK) investee company Innovative Eyewear Inc generated a 82% increase in year-on-year quarterly revenues to $309,000. That takes first half revenues to $692,000 and led to a move into gross profit. The company is focusing on higher volume styles and lens costs are being reduced. The share price is 5.63% higher at 7.5p.
Water Intelligence (LON: WATR) is refinancing its debt with its existing lender. The water leaks detection company will have $21m of funding facilities lasting until 2029. This will help to grow the business organically and finance the reacquisition of franchises. At the end of March 2024, there was cash of $12.7m and debt of $19.9m. Pre-tax profit is set to improve from $8.7m to $9.5m this year. The share price moved up 4.49% to 407.5p.
FALLERS
Managed IT services provider CloudCoCo (LON: CLCO) has been hit by limited share sales. The six sales earlier today had a total value of slightly more than £4,000 with the most recent sale at 0.1236p/share. There have been three subsequent purchases that have not led to a significant share price recovery. The share price slumped by one-fifth to 0.14p.
CleanTech Lithium (LON: CTL) has launched a fundraising ahead of a listing on the ASX. The Chile-focused lithium projects developer wants to raise up to A$20m, with a minimum level of A$10m, at 15.8p/share. The listing could happen on 24 September. Battery-grade lithium carbonate should be supplied for product qualification testing before the end of the year. The share price dipped 7.35% to 15.75p.
Jag Grewal has resigned as chief executive of Cambridge Nutritional Sciences (LON: CNSL), which makes diagnostic tests for food sensitivity and other personalised health requirements, and James Cooper becomes interim chief executive. This follows the recent full year figures showing a reduced loss. In the year to March 2024, continuing operations generated revenues of £9.8m, up from £7.5m. However, this was affected by the timing of orders and this year’s revenues could be lower. The share price is 5.8% lower at 3.25p.
Light Street Capital Management has reduced its stake in Naked Wines (LON: WINE) from 9.96% to 4.99%. The share price fell 5.83% to 50.85p.