Logistics Development Group (LON: LDG) has bought a further 5.84 million shares in Alliance Pharma (LON: APH) at an average price of 59.11p each – a total cost of £3.45m. Logistics Development Group has a 3.46% stake. The previous purchase cost £5.92m at an average share price of 46.11p. The Logistics Development Group share price rose 1.65% to 15.4p, Alliance Pharma shares are 1.34% higher at 68.3p, which values the stake at nearly £12.8m – a gain of £3.5m.
Belluscura (LON: BELL) says its X-PLOR portable oxygen concentrator is being marketed through US-based GoodRx, which operates a digital healthcare products supply platform. Belluscura recently raised £4.7m from a convertible loan issue to finance the launch of the DISCOV-R product. The share price rise 3.53% to 44p.
Shares in Caribbean-based oil and gas explorer Star Phoenix (LON: STA) are still rising following the return from suspension on Wednesday. The share price moved up by 7.14% to 2.25p.
Circle Property (LON: CRC) has conditionally disposed of Concorde Park in Maidenhead for £12.3m. Somerset House in Birmingham is being sold for £15.2m and Victory House in Northampton is being sold for £2.75m That leaves one property to sell. There is already £32.6m in the bank prior to these disposals. B share issues are planned March and April to return cash to shareholders. The AIM quotation is likely to be cancelled in May. The share price improved by 2.87% to 215p.
ECR Minerals (LON: ECR) has published drilling data from the Blue Moon prospect at Bailieston, Victoria with one of the holes at 84.9 metres depth reporting a composite grade of 6.35 metres at 4.56g/t. The rig is moving to the Brewery Lane property at Creswick. The share price declined 10% to 0.675p.
Gaming company Webis Holdings (LON: WEB) reported lower interim turnover and the pre-tax loss increased from £70,000 to £325,000. Management is keen to scale up through acquisitions and mergers. US licences have been renewed. Although Californians voted against proposals for online sports betting, management believe that sports betting will eventually be legalised. A strategy update will be released in April. The share price dipped 4.65% to 2.05p.
Alien Metals (LON: UFO) has published a new presentation, following Monday’s announcement of drill results at the Elizabeth Hill silver deposit in Australia. The presentation includes a timeline for the development of the Hancock iron ore project and the conclusion of a deal with Anglo American in the third quarter. An updated mineral resource estimate on the Sirius extension I expected in the second quarter. The share price fell 3.92% to 0.49p.
Cleantech Lithium (LON: CTL) plans a listing on the Australian Stock Exchange (ASX). Canaccord Genuity (Australia) and Fox Davies are joint lead managers to the listing, which is expected to happen in the third quarter of 2023. The Chile-focused lithium projects developer has 31% of its shareholders linked to Australia while other potential shareholders are not able to invest in other markets. The AIM quotation will be retained. The share price slipped 2.11% to 69.5p. Less than one year ago, the company floated at 30p a share.
