Premier African Minerals (LON: PREM) has completed the second phase of the test runoff the primary flotation plant at the Zulu lithium and tantalum project. It is able to run continuously and has achieved saleable lithium concentrate levels on numerous occasions. Minimum requirements of the offtake. The purchase of the second plant has been delayed. The share price regained 28.6% to 0.0315p.
Education software and services provider Tribal Group (LON: TRB) is continuing its share price recovery following yesterday’s interims and forecast upgrade. Singer raised its 2025 pre-tax profit forecast to £10.8m. The share price improved 13.2% to 60p.
Neo-natal medical devices developer Inspiration Healthcare (LON: IHC) increased interim revenues by 41% to £24m and gross margins improved. During the period a $6m humanitarian aid contract was delivered. The sales momentum is continuing in the second half. Deliveries for the Middle East contract have started and should be completed in the second half. Net debt has been reduced by £1.6m to £6.7m. The share price recovered 9.52% to 23p.
Fishing tackle retailer Angling Direct (LON: ANG) increased interim UK revenues by 18% to £51.1m, with online revenues 21% ahead. Like-for-like sales were 14% higher. European sales edged up from £2.4m to £2.5m. The store in Utrecht was opened in May 2024. After investment and share buy backs net cash reduced to £12.5m. Trading is comfortably in line with consensus market expectations. The results to July 2025 will be published on 7 October. The share price increased 6.67% to 48p.
FALLERS
Mobile Tornado (LON: MBT) has fallen a further one-fifth to 0.4p after yesterday’s AGM where it gained shareholder approval to leave AIM. The quote will be cancelled on 9 September.
Exane BNP has cut changed its recommendation for mixer drinks supplier Fevertree Drinks (LON: FEVR) to underperform and set a share price target of 740p. Earlier in the week Jefferies raised its share price target from 820p to 900p. The share price declined 8.48% to 863p.
Sovereign Metals (LON: SVML) says Kasiya rutile graphite project test pit rehabilitation trials achieved a five times crop yield improvement. That supports sustainable mining. This information will be used in the mining schedule and post-mining land use parts of the DFS. The share price slipped 5.93% to 36.5p.
Jangada Mines (LON: JAN) has completed its acquisition of one-third of MTGOLD MINERAÇÃO, which owns the Paranaita gold project in Brazil. The payment is £1m in shares plus £250,000 in cash. Jangada Mines will become the operator of the project. The share price dipped 9.09% to 0.5p.