It is the last day of dealings for online building products retailer CMO Group (LON: CMO) and the share price has jumped 178.6% to 9.75p, and it is nearly back to the level when the AIM cancellation was proposed.
URU Metals (LON: URU) shares continue to rise following the 25-for-one share split on 24 March. The adjusted share price is another one-third higher at 10p, which is the highest it has been since July 2022.
LifeSafe Holdings (LON: LIFS) has signed a global distribution agreement with Hurst Jaws of Life and Vetter, which are subsidiaries of IDEX Fire & Safety. The initial term is 18 months and covers LifeSafe industrial fire prevention products into the professional fire sector. This could generate more than £6m in revenues over three years though access to new countries and markets. An initial order of £400,000 is anticipated. The share price recovered 17.2% to 8.5p.
Video games developer Everplay (LON: EVPL) reported a 51% recovery in underlying 2024 pre-tax profit to £43.4m. The cash pile increased to £62.9m. The video games market has been tough recently, but Everplay has been helped by strong sales of its back catalogue, offsetting disappointing income from some newer games. There is a final dividend of 2.7p/share. There are at least ten new games and apps to be launched in 2025. This year’s profit performance should be marginally ahead of expectations of £42.7m. The share price increased 16.2% to 262.5p.
eEnergy Group (LON: EAAS) has launched its SolarLife solar asset management service. This provides regular monitoring helping to reduce maintenance costs. The first service agreements have been secured, and they should contribute £80,000 of annual recurring revenues over ten years. The share price improved a further 10.3% to 4.8p.
FALLERS
There has been profit taking in European Metals Holdings (LON: EMH) shares after yesterday’s rise on the back of the EU declaring the Cinovec a strategic project. The Cinovec lithium project will have a simplified permitting process and receive support from financial institutions. The share price has fallen 34.1% to 14.5p, but it is two-thirds higher than prior to the announcement.
Yesterday afternoon, Metals One (LON: MET1) launched a retail offer to raise up to £100,000 at 2p/share. This offer, which has been planned since January, will close at 8am on 28 March. There has been a ten-for-one share consolidation today and the share price has slumped 32.6% to 7.25p. That is still well above the share price when the plan for the retail offer was announced.
Bars operator The Revel Collective (LON: TRC) announced that finance director Danielle Davies is leaving in the summer. She will focus on putting together the full year figures before she hands over to her replacement.
Ariana Resources (LON: AAU) has raised £1.05m at 1.5p/share, which will provide working capital and to invest in the Dokwe project in Zimbabwe. Ariana Resources is unusual for a small AIM mining company because it rarely issues shares to raise money. This money will last until July when additional should be secured. Developing the Dokwe project, which is estimated to host 1.4 million ounces of gold at a cut off of 0.3g/t, could require $82m of funding.