Ethernity Networks (LON: ENET) jumped 40.5% to 14.75p on the back of a new contract and the share price is above the level before the recent fall. An existing customer has awarded a follow-on contract worth $4.6m.
Jarvis Securities (LON: JIM) has recovered a small proportion of its loss on Friday after it announced that it had appointed Ocreus to review systems and controls at its main subsidiary. Jarvis has voluntarily agreed not to take on new clients from certain existing Model B corporate clients until the systems have been reviewed. The shares are 22.3% higher at 115p, which means they are still more than one-third down on last Thursday’s price.
ZOO Digital (LON: ZOO) is trading ahead of guidance this year. A statement at its AGM revealed that it expects first half revenues to be at least $51m. The share price increased by 12.3% to 142p. Full year revenues have been upgraded from $80m to $94.5m and a pre-tax profit of $6.6m is forecast for the video subtitling and services provider.
Digital payments company BOKU (LON: BOKU) has signed up Amazon for local payment methods in a multi-year deal. It will be launched with Prime Video in Asia and Africa and then expand into other parts of the Amazon business. Amazon has been issued warrants equivalent to up to 3.75% of Boku, exercisable at 81.2p each, which are related to revenue targets over seven years. This is likely to lead to upgrade for 2023 and further out. The share price is 14.9% higher at 88.5p, but it is well down on its high.
URU Metals Ltd (LON: URU) says that gold mineralisation has been identified at the Zeb nickel project in Limpopo, South Africa. Two holes intersected anomalously high gold mineralisation in the north of the project area. The shares rose 10% to 220p.
New data from the SPRINTER phase 3 study for inhaled SNG001 to treat hospitalised patients with Covid-19 suggests that it can ameliorate some of the symptoms of these patients. They were at lower risk of fatigue and shortness of breath. Shares in Synairgen (LON: SNG) rose 5.3% to 21.45p. The data could prompt further investigation of the use of SNG001 in other viral diseases.
Mattress supplier eve Sleep (LON: EVE) reported a higher interim loss and it will require more cash by October. The share price has nearly halved to 0.375p. Trading is set to continue to be tough. There was £1.4m in the bank at the end of June 2022 and it has fallen further to £1m with £700,000 drawn down from a working capital facility. There have been no formal offers in the formal sales process.
Falcon Oil & Gas (LON: FOG) has fallen on the back of Origin Energy deciding to divest its 77.5% interest in the Beetaloo sub-basin exploration permits. Falcon has first right of refusal. This would be classed as a reverse takeover. The share price dived 27.7% to 6.15p.
Yesterday, restaurants operator Tasty (LON: TAST) reported nearly doubled interim revenues, but the loss was similar due to a £1.6m impairment charge. Staff shortages and cost pressures are making trading difficult. There is £8m in the bank. The shares fell 17.1% to 4.25p, which capitalises Tasty at £7.5m.
