Nativo Resources (LON: NTVO) has announced a JORC exploration target for the Tesoro god project in Peru. The low target for gold contained is 6,686 ounces and the high target is 195,434 ounces. This is based on limited data, and it requires further work. The Tesoro vein has the greatest potential. The share price jumped 37.1% to 0.425p.
Parsortix liquid biopsy system developer CelLBxHealth (LON: CLBX) says the cost base is being reduced in the first quarter. Annual costs should reduce by £6.6m. The company is in talks with a US company about the use of Parsortix in two clinical trials. Full year revenues expectations have been reduced from £3.6m to £2.1m. Cash was £4.3m at the end of the quarter. The share price recovered 19.5% to 1.225p.
Richard and Charlotte Edwards increased their stake in Pacsco Ltd (LON: PACS) from 6.96% to 14.6%. The share price rose 16.7% to 0.7p.
Pennant International (LON: PEN) has won a £1m training system contract for a virtual simulator from a UK aerospace defence manufacturer. The initial order should be completed in the second half of 2026 with potential for further revenues. The share price improved 11.1% to 20p.
Fusion Antibodies (LON: FAB) has been granted a patent in Japan covering two families of antibodies and the method of their design of such antibody libraries. The share price increased 5.56% to 14.25p.
FALLERS
Galantas Gold (LON: GAL) is raising up to $85m through the issue of units (one share plus 0.5 of a warrant exercisable at 80 cents each) at 55 cents each. The cash will fund the development of the Indiana gold and copper project and the Andacollo gold project in Chile. An exercise of warrant at 12 cents each raised a further $549,000. The share price slipped 8.7% to 31.5p.
Retailer Shoe Zone (LON: SHOE) reports interim revenues 12% lower at £62.9m. Although gross product margin improved due to currency movements and lower container costs, overall gross margin was hit by high fixed store costs. The interim loss doubled to £5.3m. The size of the distribution centre is being reduced following store closures. A full year loss of up to £2m is still expected. The share price fell a further 5.56% to 42.5p.
Drilling news from Rockfire Resources (LON: ROCK) for the Molaoi zinc deposit in Greece shows several narrow, but strong zones of mineralisation. This is based on portable X-Ray Florescence readings of drill core of hole HMO-016. The mineralisation appears to be steepening, and this could mean easier and safer underground mining. The share price declined 5.56% to 42.5p.
Hospitality group Coppa Collective (LON: COPC) interim revenues edged up 1% to £25m. Coppa Club like-for-like sales were 3.2% ahead. Gross cash is £2.6m following the acquisition of Linwood pubs. A full year loss of £2m is forecast. The share price dipped 3.64% to 14.25p.
Engineering services provider Renew (LON: RNWH) has bought PWR-X ltd, a provider of cable jointing services to the power sector, for £1.1m. The initial cash payment is £750,000. This enhances the services offered by Renew in the high voltage power market. The share price slid 1.03% to 908.5p.