AIM Movers: New Pelatro contract and Amur Minerals considers bid

Telecoms marketing software and services provider Pelatro (LON: PTRO) has won a large contract for campaign management service for a Middle East telecoms company. This extends an existing relationship. The overall contract provides annual recurring revenues of around $650,000. Last year’s group annual revenues were $5.4m and recurring revenues were $4.3m. The share price recovered 23.1% to 8p.

Fox Marble Holdings (LON: FOX) has been readmitted to AIM following the reverse takeover of Eco Buildings. The company’s name will be changed to Eco Buildings Group. The new business supplies prefabricated modular housing. The main geographic focus is the Balkans, where Fox Marble operates. North Eco, a third party, is licensing the IP for the UK market. As part of the deal there was £2.7m raised at 55p a share. The share price has jumped by 14.9% to 68.4346p.

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Animal feed additives supplier Anpario (LON: ANP) has launched a tender offer for up to £9m worth of shares. It is offering 225p each for up to four million shares. The share price increased 10.8% to 215p. This tender is dependent on shareholder approval at a general meeting on 19 June. There was £16.4m in the bank on 25 May with a 7.35p a share dividend due to be paid. Sales have been weaker so far this year. Prior to the tender offer, Shore expects pre-tax profit to fall from £4.1m to £2.9m.

Tungsten West (LON: TUN) has completed the processing of legacy tungsten and tin concentrate. This should generate £400,000. The cost reduction programme has almost been completed. The share price moved 12% ahead to 3.5p.

Gemfields (LON: GEM) had a record emeralds auction. The sold-out auction generated $43.7m, which was one-quarter ahead of expectations. There was a higher number of companies placing bids. There is a ruby auction later this month. The share price is 6.78% higher at 15.75p.

Amur Minerals Corporation (LON: AMC) went ex-dividend yesterday ahead of the 1.8p a share special dividend. Yesterday, the share price fell 1.605p to 0.235p. Today it has fallen a further 14.9% to 0.2p. Ascent Resources (LON: AST) has bid one share for every 21 Amur Minerals shares. At an Ascent Resources share price of 3.6p, each Amur Minerals share is valued at 0.17p. Amur Minerals is considering the offer.

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Polarean Imaging (LON: POLX) has extended the expiry date of 852,822 warrants held by its chairman Kenneth West to 31 July 2023, from 2 June 2023. The share price fell 10.2% to 22p.

Oil and gas explorer Baron Oil (LON: BOIL) says that its subsidiary has been granted a six-month extension to the Chuditch contract in Timor-Leste. There are discussions with potential partners for an appraisal well. The share price dipped 5.13% to 0.0925p.

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