AIM movers: i-nexus Global gains customers and discounted Hercules placing

Cloud based software supplier i-nexus Global (LON: INX) shares have jumped 29.3% to 3.75p after a positive AGM statement. This is a recovery from the all-time share price low. Double-digit growth is anticipated. Four new clients have been gained and existing clients are increasing usage.

Management consultancy Elixirr (LON: ELIX) generated better margins than expected in 2022 and guidance for 2023 has been upgraded. The dividend has been increased from 4.1p a share to 10.8p a share. finnCap expects operating profit to grow by an average of 20% a year for the next three years. The share price increased 23.8% to 520p.

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Graphene technology developer Directa Plus (LON: DCTA) says 2022 revenues were more than €10.8m, which is higher than the December update figure. This year’s order book is worth €8.8m. There is increasing interest in graphene and a better pipeline of opportunities. The share price is 8.86% higher at 86p.

Mineral sands producer Base Resources (LON: BSE) generated better than expected interim revenues of $127m, although operational cash flow was similar to forecast at $56m. Net cash is around $60m. A dividend of A$0.02 a share has been declared. This will be converted into pounds at the exchange rate on 13 March. Negotiations are progressing for terms for the Toliara project. The share price rose 5.88% to 13.5p.

Hercules Site Services (LON: HERC) reached a share price peak last week, but a heavily discounted placing has knocked the share price by 37.8% to 44.8p. The construction labour provider has raised £1.7m at 45p a share. Last February’s flotation price was 50.5p. The cash will be used to fund growth in the labour supply division. The company has started to supply security and white-collar staff.

Shares in immunology testing business Oncimmune Holdings (LON: ONC) have fallen even though it says it will be operating cash flow positive by the end of the year. Management warns that there are short-term operating and financing challenges. Figures for the 15 months to August 2022 show revenues of £3.79m and this level has already been surpassed in the current financial year. The share price fell 28% to 39p.

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Synergia Energy (LON: SYN) says that several companies are finalising due diligence for the farm-out of the onshore India Cambay PSC and an agreement could be secured this year. The Cambay carbon capture and storage scheme has also garnered considerable interest. The share price has fallen 21.5% to 0.1275p because of uncertainty about remediation plans for the Cambay PSC.  

Oil and gas producer San Leon Energy (LON: SLE) denies speculation that the Nigerian National Petroleum Company has taken over the operatorship of OML 18, where San Leon has a 10.58% interest. Eroton remains the operator of OML 18 and any change needs to be agreed formally. Armed men have forced Eroton staff to leave the Alkari gas plant, though. Eroton denies claims of fraud. The San Leon Energy share price has slipped by 15.8% to 22.45p.

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