AIM movers: Engage XR revenues increase and ex-dividends

Extended reality technology provider Engage XR (LON: EXR) says that revenues have increased by two-fifths so far this year thanks to new client wins and renewals. The share price has jumped 18.5% to 3.85p. Having raised £8.8m at 4p a share, the balance sheet is strong with net cash of €10.8m at the end of March, although cash outflows remain significant. Engage XR is thought to have enough cash to become cash generative in 2025.

Kropz (LON: KRPZ) has risen sharply following additional trading since the announcement that 43,886 tonnes of phosphate concentrate was sold during April. The share price soared 134.7% to 5.75p today.

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Par Lindstrom, chief executive of cleantech investment company i(X)Net Zero (LON: IX.), has increased his stake from 3.52% to 11.2%. The share price recovered 25.6% to 12.25p. The February 2022 placing price was 76p.

Mixed signal chip maker Ensilica (LON: ENSI) says that EBITDA for the year to May 2023, will be much better than expected, although revenues will be in line. Effective resourcing and use of established IT have helped to improve margins. EBITDA of £1.18m was expected, but it is likely to be more than £1.5m, enabling a pre-tax profit to be achieved ahead of expectations. The share price jumped 13.7% to 70.5p. The May 2022 placing price was 50p. Vela Technologies (LON: VELA) invested £125,000 in the recent placing at 70p a share, taking its stake to 1.1 million shares. The Vela share price is 2.78% ahead at 0.0185p. The Ensilica stake is worth one-quarter of Vela’s market capitalisation.

Construction disputes company Driver Group (LON: DRV) says that first half revenues were flat at £24.2m, but pre-tax profit will be much better at £650,000. The Middle East is no longer losing money. The share price improved 11.1% to 30p.

CT Automotive (LON: CTA) is raising £7.6m at 34p a share. The share price slumped 20.4% to 39p. The December 2021 placing price was 147p and the shares started trading at a premium. The automotive interiors supplier wants the cash for capital investment and to strengthen the balance sheet. The company is estimated to have lost $11m in 2022, although the full figures have not been published. Net debt was $11.6m at the end of 2022.

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Africa-focused oil and gas company Tower Resources (LON:TRP) has applied for a one year extension to the Tahli production sharing contract, offshore Cameroon. The company is trying to secure a rig for drilling. The share price fell 9.09% to 0.125p.

Oil and gas company Synergia Energy (LON: SYN) says that it has received a non-binding expression of interest for the acquisition of up to 51% of its Cambay Block PSC, but management is cautious and says the deal is subject to due diligence. The share price slipped 10.3% to 0.13p.

Yourgene Health (LON: YGEN) says full year revenues were £19m and net cash is £2.8m. A loss of £8.7m is expected for the year to March 2023. Although additional cost savings have been identified there is likely to be another substantial loss this year. The share price fell 8.62% to 0.265p. In January, £7.3m was raised at 0.3p a share.


Central Asia Metals (LON: CAML) is paying a final dividend of 10p a share and the share price is down 7.5p to 210.5p.

Gemfields (LON: GEM) is paying a final dividend of 2.3p a share and the share price is 1.9p lower at 17p.

Mortgage Advice Bureau (LON: MAB1) is paying a final dividend of 14.7p a share and the share price rose 32p to 774p.

MP Evans (LON: MPE) is paying a final dividend of 30p a share and the share price is 35p lower at 847p.

Pebble Group (LON: PEBB) is paying a final dividend of 0.6p a share and the share price fell 1.5p to 107.5p.

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