The Microsaic Systems (LON: MSYS) share price has recovered 60% to 0.012p, although it has still nearly halved this week. The scientific instruments company needs more cash because of the £1.35m in overdue payments from DeepVerge (LON: DVRG) and a slow start to the year. Microsaic Systems assumes no more payments from DeepVerge, which is selling and closing its subsidiaries and it is uncertain that debts can be paid.
Synergia Energy (LON: SYN) has successfully applied for the CS01 2022 APP25 (Camelot) carbon storage licence in the North Sea, along with its partner Wintershall Dea. First carbon dioxide injection is expected in 2032. The share price increased 7.55% to 0.1425p.
Evgen Pharma (LON: EVG) says further preclinical data support the use of SFX-01 as a radiosensitising agent for a range of oncology areas. Radiosensitising makes tumour cells more sensitive to radiotherapy. The share price is 6.45% higher at 3.3p.
Construction and property software supplier Eleco (LON: ELCO) is acquiring BestOutcome for up to £4m in cash. BestOutcome develops project management software for public and private sector customers in the UK. Annual revenues of £2m are predominantly SaaS based. This is earnings enhancing with the 2023 figure rising from 3.6p/share to 3.7p/share. Next year earnings are enhanced by 8% to 4.6p/share. The share price is 4% ahead at 78p.
Karl-Erik von Bahr has taken a 3.06% stake in Asiamet Resources Ltd (LON: ARS). The share price improved 2.22% to 1.15p.
Healthcare mathematical modelling business Physiomics (LON: PYC) has raised £335,000 at 1p/share. Up to £150,000 more can be raised via a Winterflood Retail Access Platform. The cash will help to expand the consulting business and grow the business. The share price slumped 48.8% to 1.05p.
Footwear supplier Unbound Group (LON: UBG) has terminated the formal sales process – no offers were received – although the strategic review continues and there could be offers for subsidiaries. The alternative is to raise up to £2m through a placing and open offer. Costs have been reduced and Unbound has returned to profitability in recent months. The outlook for existing shareholders is poor. The share price dived 36.4% to 1.75p.
Arkle Resources (LON: ARK) had £200,000 in cash at the end of 2022 – after a £464,000 cash outflow during the year. Arkle Resources discovered lithium bearing rocks on the Wicklow/ Wexford area and drilling at the Stonepark zinc licences identified a significant geological fault. The share price fell 23.8% to 0.305p.
MobilityOne Ltd (LON: MBO) says Technology & Telecommunications Acquisition Corporation is holding a general meeting to extend the deadline to complete the proposed joint venture with Super Apps to 20 July 2024. The share price declined 18.2% to 4.5p.