Ethernity Networks (LON: ENET) has signed an extended licence agreement with a military aerospace customer. The contract is worth $475,000 and should be completed before the end of the year. This is on top of a previous $80,000 payment and there should be additional revenues next year. Interim revenues were $1.4m. The share price is 21.1% higher at 3.875p.
In October, podcast company Audioboom (LON: BOOM) generated more than one billion advertising impressions in a month for the first time. The removal of old adverts after 90 days and replacing them with a new focused advert is helping advertising impressions to continue to grow. Fourth quarter revenues are still expected to be at least $19m. The share price increased 15.1% to 152.5p.
Sovereign Minerals (LON: SVML) is significantly upscaling the bulk sampling at Kasiya lithium-ion battery graphite project in Malawi. Sovereign Minerals and its partner Rio Tinto are trying to qualify the graphite to supply spherical purified graphite for battery anodes. The Kasiya project could produce 244,000t/year and it should be a low-cost producer – the current estimate is $404/t. China will soon require export permits for some forms of graphite used in batteries. The share price improved 8.51% to 25.5p.
Seaweed-based animal feed producer Ocean Harvest Technology (LON: OHT) has conducted a successful trial in Georgia for its poultry feed. Mortality rates for the poultry with necrotic enteritis with the company’s feed in their diet fell from 49% to 33%. It also enhances weight gain. Necrotic enteritis costs the poultry sector up to $6bn/year. The share price recovered 6.77% to 10.25p.
Cerillion (LON: CER) has secured a five-year software deal with a European telecoms company. The deal is worth €12.4m and there is potential for selling other software modules. This deal helps to underpin forecasts. The share price is 6.67% ahead at 1355p.
FALLERS
US-based gas producer Southern Energy (LON: SOUC) has raised $5m at 15.5p/share. This will help to finance up to four new wells, which cost around $3m each. The existing cash and generation from gas sales will finance the rest of the cost. The strategy is to increase production to 4.7 mboe/day by the second quarter of 2024. The US gas price has been increasing. The share price dipped 18.9% to 15p.
Sabien Technology (LON: SNT) reported a rise in 2022-23 revenues from £680,000 to £1.1m and the loss was slightly lower at £700,000. The order book is worth £200,000. The share price has fallen 6.45% to a new low of 7.25p.
Technology and life sciences investment company NetScientific (LON: NSCI) has switched its nominated adviser and broker from WH Ireland to Panmure Gordon. The share price slipped 8.41% to 49p.
Shanta Gold (LON: SHG) has updated investors about drilling at the West Kenya project. It has identified visible gold in five intersections. Shanta Gold is paying an interim dividend of 0.1p/share and the ex-dividend share price declined 0.25p to 10.85p.
Ex-dividends
Coral Products (LON: CRU) is paying a final dividend of 0.6p/share and the share price fell 0.25p to 13.5p.
CVS Group (LON: CVSG) is paying a final dividend of 7.5p/share and the share price is 14p higher at 1478p.
EKF Diagnostics (LON: EKF) is paying a final dividend of 1.2p/share and the share price declined 0.9p to 28p.
Gattaca (LON: GATC) is paying a dividend of 5p/share and the share price slipped 4.5p to 114.5p.
NWF (LON: NWF) is paying a final dividend of 6.8p/share and the share price fell 5p to 190p.
