OPG Power Ventures (LON: OPG) is the highest riser today even though it will not publish its 2022-23 accounts by the end of September and trading in the shares will be suspended on 2 October. The figures should be in line with expectations. The Indian coal-based power generator says demand for electricity has grown 9% and renewables capacity is not expanding as quickly as expected. Coal prices are falling, and plant load factors should improve. Net cash was £18.6m at the end of August 2023. The share price increased 30.3% to 10.75p.
OptiBiotix Health (LON: OPTI) has secured the launch of its SlimBiome, GoFigure and Snacksmart products on Boots online store. They will go on sale in the first quarter of 2024, and they could be in stores by May. The share price continued its recovery and is 18.9% higher at 26.75p.
Insurance company R&Q Insurance Holdings (LON: RQIH) confirms that it is in talks to sell its programme management business, Accredited to Onex Corporation. The company is also considering legally separating R&Q Legacy. The share price is 13.6% ahead at 55.6p.
Invinity Energy Systems (LON: IES) says that Canadian company Elemental Energy has commenced operation of the company’s 8.4MWh Invinity VS3 vanadium flow battery. This is the largest operation so far. The share price rose 4.76% to 44p.
FALLERS
Restaurants operator Comptoir (LON: COM) grew like for like interim revenues by 6%, but it fell into loss because of increasing costs and the removal of government assistance. Net cash was £5.7m. There are plans for two new sites. The share price declined 15.8% to 6p.
Katoro Gold (LON: KAT) reported a cash outflow of £376,000 in the first half before cash generated from a share issue. There was £25,000 in the bank at the end of June 2023. The share price slid 11.8% to 0.075p.
Vast Resources (LON: VAST) says a small number of workers at the Baita Plai polymetallic mine have gone on strike. Salary payments were delayed because the company was waiting for a cash from a concentrate shipment. The cash has been received. The share price fell 9.52% to 0.19p. Gemfields (LON: GEM) is not paying an interim dividend as revenues declined from $193m to $153.6m, while EBITDA dipped from $105m to $73m. The cash balance fell from $82m to $62m. Production is declining at the Kagem emerald mine and gemstone prices are lower. The Montepuez ruby mine is expected to come into production in the first half of 2025. The share price is 5.36% to 13.25p.
