Jangada Mines (LON: JAN) has appointed Paulo Guimarães Misk as chief executive, who has 40 years mining experience, and executive chairman Brian McMaster will become a non-executive. The focus is accelerating the development of the Paranaita gold project in Brazil. The share price soared 21.1% to 0.575p.
Oxford Biodynamics (LON: OBD) is collaborating with Google Cloud, which will provide cloud computing support to scale up the EpiSwitch diagnostic tools. This will help the delivery of information in real time. The share price increased 13.3% to 0.425p.
Galileo Resources (LON: GLR) says that new models have confirmed copper in drill holes from past exploration at three 100%-owned prospecting licences in the Kalahari Copperbelt. Soil anomalies support the findings. A new drilling programme is planned for PL253. The share price improved 11.5% to 0.825p.
Technology investment company TMT Investments (LON: TMT) reported interims on Tuesday. NAV was 3% ahead at $6.80/share. Broker Hybridan published research pointing out that the shares are trading on a significant discount to NAV. The share price rose a further 10.9% to $3.37. The share price started the week at $2.90.
Outsourced video gaming services provider Winking Studios (LON: WKS) reported a rise in interim revenues from S$15.2m to S$19.4m, although most of the improvement came from the acquisition of Mineloader. The Asian gaming market is recovering. Profit was held back by the costs of the AIM quotation, but gross margin improved. There is S$25.6m in cash and this will help finance acquisitions in the UK to provide a base for growth outside of Asia. The share price is 8.77% higher at 15.5p.
FALLERS
Retailer Shoe Zone (LON: SHOE) says trading conditions are still tough. Full year pre-tax profit expectations have been slashed to £2.5m, compared with £5m previously. Consumer confidence is low and spending power after essentials is reducing for many people. Net cash could be £6m at the end of September 2025 because of lower inventory and capital investment. The share price fell 19.4% to 68.5p.
Light Science Technologies (LON: LST) reported slightly lower interim revenues of £5.06m, but there was a change in product mix. That enabled gross margins to improve, and the company achieved a small operating profit. Contract electronics manufacturing revenues slipped as a major pest control product came to the end of its life. Fire protection revenues grew strongly and could do even better in the second half if the new government regulator starts to approve more work. The Agtech business is also growing revenues and has launched an off-the-shelf version of its sensorGROW product. The share price slipped 8.97% to 3.55p.
Bars and escape rooms operator XP Factory (LON: XPF) increased owned and operated revenues by 12% in the 19 weeks to 10 August. Boom Battle Bars like-for-like sales were 5.6% lower but have started to recover. The new Reading site is trading more strongly than expected. Escape Hunt like-for-likes were slightly higher. The hot weather hit sales, although not as badly as the overall market. Corporate spending decreased. Management still believes it can meet market expectations. The share price declined 8.45% to 9.75p.