Education services provider Malvern International (LON: MLVN) more than doubled interim revenues from £2.3m to £4.8m in the first half of 2023 due to higher student intakes. Management expects the company to return to profit this year. The share price is off its high for the day but still up 11.1% to 20p.
ValiRx (LON: VAL) interims show a slightly higher operating loss of £1.15m. The newly formed Inaphaea BioLabs has wo its first external client. There was cash of £890,000 at the end of June 2023 and that should be enough to get to 2024. The share price rose 10.7% to 6.75p.
Cleantech Lithium (LON: CTL) has upgraded its resource estimate for the Francisco Basin in Chile. It has been increased by 74% to 920,000 tonnes of lithium carbonate equivalent at an average grade of 207 milligrams/litre. There could be an annual production rate of 20,000 tonnes of battery grade lithium carbonate over 20 years. The share price increased 3.85% to 54p.
Xtract Resources (LON: XTR) has entered a joint venture with Cooperlemon Consultancy in relation to the exploration for copper at two licences in northwest Zambia. Initial fieldwork will commence in September. The share price is 7.41% higher at 1.45p.
FALLERS
Trinidad-focused oil and gas producer Touchstone Exploration (LON: TXP) is evaluating production tests at Royston-1X. Touchstone Exploration has seen minimal natural flow to the surface. There should be initial sales volumes from Cascadara next week. The share price declined 11.2% to 67.5p.
Benchmark (LON: BMK) says that it has been hit by a decline in demand for shrimps and third quarter profit was lower. There was also an increase in third part costs for the salmon business, but that should only hamper the third quarter. The share price slipped 9.26% to 36.75p.
PHSC (LON: PHSC) has completed its share buy back programme and the share price declined 6.25% to 22.5p. Prior to the buy back the share price was 18.5p.
Managed IT services provider Redcentric (LON: RCN) swung into loss in the year to March 2023 partly due to higher exceptional charges. Underlying pre-tax profit fell from £14.8m to £5.1m. A 2.4p/share dividend is being paid, taking the total for the year to 3.6p/share. Net debt is £35.6m. The share price fell 3.46% to 125.5p.
Ex-dividends
Arbuthnot Banking (LON: ARBB) is paying an interim dividend of 19p a share and the share price is unchanged at 960p.
Atalaya Mining (LON: ATYM) is paying an interim dividend of 3.9p a share and the share price declined 5p to 323p.
Brickability (LON: BRCK) is paying a final dividend of 2.15p a share and the share price fell 1.3p to 52p.
Cohort (LON: CHRT) is paying a final dividend of 9.15p a share and the share price is 14p lower at 502p.
Northern Bear (LON: NTBR) is paying a dividend of 3p a share and the share price is down 3.5p to 59p.