Transport analytics provider Cordel (LON: CRDL) has won contracts in Australia and the UK. There is an initial data contract with Aurizon, which is Australia’s largest rail freight company. This covers part of the company’s rail network and could be extended to other parts. In the UK, Southeastern will get up-to-date platform clearance/gauging measurements to help the rail firm to upgrade its rolling stock. This is an extension of the uses for Cordel’s technology. The share price increased 7.41% to 7.25p.
Energy efficiency services provider eEnergy Group (LON: EAAS) has been appointed to the NHS Commercial Solutions Sustainable Estates Framework Agreement. This enables NHS Trusts to get faster project delivery. The share price improved 4.35% to 4.8p.
FALLERS
Delays in shipping a mor RF order mean that Biome Technologies (LON: BIOM) man that 2024 expectations have been reduced. The ramp by a Bioplastics client has also been slower than anticipated. Allenby has increased its 2024 loss forecast by 16% to £1.2m, which is similar to 2023. The RF contract will contribute to 2025 and the loss has been reduced to £334,000. The share price fell 8.7% to 5.25p.
Trinidad-focused oil and gas producer Touchstone Exploration (LON: TXP) reported third quarter figures and revised guidance. Third quarter production was 5,200 barrels of oil equivalent/day. This generated $3m from operations and net debt was $29.6m at the end of September 2024. Full year production is expected to be 5,600-6,200 barrels of oil equivalent/day, down from 7,700-8,300 barrels of oil equivalent/day. Cash of $17m should be generated in 2024, up 24% on 2023. The share price declined 7.91% to 32p.
Trading resumed yesterday in Beximco Pharmaceuticals (LON: BXP) shares following a Bangladesh court decision on a petition to direct the Bangladesh Bank to appoint a receiver to manage the Beximco Group of companies. Beximco Pharma’s appeal has been successful in confirming that the receivership will not apply to the AIM-quoted company. The share price fell a further 7.69% to 30p.
Battery technology developer Gelion (LON: GELN) has fabricated advanced sulfide-based solid state separators using IP licensed from Oxford University. This should help to increase the cycle life of batteries. The technology could be licensed to lithium nickel manganese cobalt oxide battery manufacturers and relax external pressure and temperature requirements of solid state batteries make them more commercial. The share price rose initially, but is currently 2.56% lower at 19p.
Great Western Mining Corporation (LON: GWMO) says the anomalous copper zone at the West Huntoon porphyry copper prospect has been expanded from 2 square km to over 3 square km. There have been some high grades of copper, gold and silver in samples. The anomalous zone appears to trend towards the company’s M2 copper resource. The share price lost its early gains and dipped 1.85% to 0.0265p.
SRT Marine Systems (LON: SRT) is raising £8.5m at 35p/share, including £5.36m from Ocean Infinity, which has also underwritten a retail offer to raise £2m of the cash. Ocean Infinity is providing a $21.4m guarantee for the performance bond relating to a $213m marine systems contract. There are other potential contracts in the pipeline and management says that SRT Marine Systems should be significantly profitable in 2025-26. The share price slipped 1.3% to 38p.