Image Scan (LON: IGE) moved into profit in the six months to March 2023. The X-ray imaging technology developer generated orders of £1.86m in the period and the period end order book is £1.12m. There was a £16,000 profit on nearly doubled revenues of £1.46m. The share price is 18% ahead at 2.3p.
Thor Energy (LON: THR) has made a high grade rare earth discovery at the Alford East copper-gold prospect. This could turn out to be a large deposit. The share price rose 8.33% to 0.325p.
Challenger Energy (LON: CEG) says the technical assessment of the AREA OFF-1 block, offshore Uruguay shows an initial prospect inventory of one to two million barrels of oil. Three prospects have been identified. The geotechnical assessment is set to be completed in the third quarter. The share price is 7.69% higher at 0.105p.
Shares in Skillcast Group (LON: SKL) recovered 4.88% to 21.5p following full year results. Revenues increased from £8.4m to £9.8m, but the digital compliance technology provider slumped into loss. Cash is equivalent to 8.6p a share. Total dividend is 0.447p a share. Annualised recurring revenues rose 22% to £7.2m in the first quarter of this year. The December 2021 placing price was 37p.
WoolOvers Group announced on Tuesday afternoon that it will not be making a 10.5p a share bid for Unbound Group (LON: UBG). There was an initial fall in the share price. But it has recovered 3.9% to 8p. Marwyn is interested in investing £10m in the footwear retailer at 10.5p a share.
Microsaic Systems (LON: MSYS) shares continue to fall due to concerns about the £1.4m owed by DeepVerge. (LON: DVRG), which is running out of cash. The Microsaic Systems cash is also declining, and it was £800,000 last week. The share price is down 17.7% at 0.035p, although this means that it is back to the level it was two days ago after a recent spike upwards.
Biome Technologies (LON: BIOM) reported a lower loss in 2022. Management remains cautious about the economy even though first quarter revenues are 73% higher at £1.9m. The share price fell 16.6% to 123p.
Learning Technologies Group (LON: LTG) has been hit by profit taking after another set of figures showing strong growth in revenues and profit through a combination of acquisitions and organic growth. High single digit growth in operating profit is expected, but that is lower than analyst forecasts. The share price has fallen 16.2% to 109.45p
Minerals sands miner Capital Metals (LON: CMET) continues to have problems with licences in Sri Lanka. The authorities have been provided with evidence that 60% of the relevant subsidiary has been sold to local investors, but the licences remain suspended. The share price slipped 16% to 3.15p.
