Croma Security Solutions (LON: CSSG) shares have slumped 19.1% to 51.4p as pre-tax profit fell in 2021-22, although that was down to a sharp reduction in Covid-related government support. There was a cash outflow during the year. New contracts have been won, although many existing ones are coming up for renewal.
Immupharma (LON: IMM) says Avion Pharmaceuticals is continuing to support the Lupuzor clinical programme. The clinical programme for the lupus treatment is being redesigned due to FDA feedback. There is also a potential distribution agreement for Avion drugs. The share price still fell 10.9% to 2.945p after this news.
Prospex Energy (LON: PXEN) says its partner in its gas resources in southern Spain, Warrego Energy, is merging with Strike Energy and intends to dispose of its Spanish assets. This will mean that there could be uncertainty about progress with the El Romeral gas to power plant until the ownership is sorted out. That knocked 8.9% off the share price to 10.25p.
Construction claims and disputes consultancy Driver Group (LON: DRV) made an underlying loss in the year to September 2022, but management believes that the Middle East and Asian operations should return to profitability this year. Europe and the Americas remain profitable. The share price fell 5.17% to 27.5p.
Tlou Energy (LON: TLOU) has raised a further £1.7m at 2p a share from Dr Ian Campbell, taking his stake to 19.2%. He is willing to provide further funds, and this could accelerate the planned drilling campaign to produce gas to supply the proposed 10MW power project in Botswana. The share price rose 11.8% to 1.9p.
Applied Graphene Materials (LON: AGM) and PCF Group (LON: PCF) have regained some of their losses from earlier in the week. Applied Graphene Materials has not been able to raise cash from a share issue and more cash will be required at the beginning of 2023. The share price rose 10.5% to 4.75p, but it has still more than halved on the week. PCF Group has also been unable to raise money or secure a strategic transaction, so PCF Bank is withdrawing from the UK banking market. The PCF board wants shareholder approval for the cancellation of the AIM quotation. Even after a 150% jump to 0.925p, the PCF share price is still down by two-fifths this week.
Yesterday afternoon Alba Mineral Resources (LON: ALBA) raised £500,000 at 0.1p a share. Part of the subsequent fall in the share price has been clawed back today with a 7.14% rise to 0.1125p.
Shares in Bens Creek (LON: BEN) have recovered 6.16% to 23.25p after the coal miner reassured investors concerning 56.8% shareholder MBU Capital entering into a charge in favour of Bluestar Global Capital, which already has a shareholding of 3.97%, most of which were acquired at 30p each. The loan lasts for 12 months and there is no margin call related to share price performance.
