Synthetic binders developer Aptamer (LON: APTA) has signed a second deal with Unilever for the to develop a panel of Optimer binders for an additional biological pathway associated with body odour formation. This is a fee-for-service deal that will be worth a six-figure sum. On-person trials are planned for the previous programme should commence later this year. The share price increased 13.2% to 0.385p, which is the highest since early March.
Coral Products (LON: CRU) non-executive director David Low has bought 25,000 shares at 8.26p each. He owns 1.57% of the plastic products supplier. The share price moved up 12.1% to 0.385p.
Pharmacogenetic testing company Genedrive (LON: GDR) has gained CE certification for its rapid CYP2C19 ID kit genotyping platform under the European In Vitro Diagnostic Regulation 2017/746. This will enable the kit to be sold in EU countries. Genedrive claims that the platform could potentially prevent 3,000 recurrent stroke admissions in the UK. The share price rose 5.66% to 1.4p.
Logistics Development Group (LON: LDG) had net assets of 24.6p/share at the end of March 2025. Following the recent tender offer, the figure has increased to 26.1p/share. The share price improved 1.67% to 15.25p.
FALLERS
A surprise trading statement from contract research business hVIVO (LON: HVO) reveals two contracts have been cancelled, including one large human challenge trial, and one has been postponed, triggered by fears about drug pricing in the US. Contracted revenues are still £47m, but Cavendish expects a loss this year. The share price slumped 44.4% to 9p.
Petro Matad (LON: MATD) says invoices for seven months of oil sales have been processed ready for payment, but there are delays as the Mongolian authorities assess if there any tax implications. This means that the cash will not be received in May as anticipated. Discussions continue with potential partners for Block XX, which will generate funds for its further development. The share price dived 31.2% to 1.6p.
Flow batteries supplier Invinity Energy Services (LON: IES) reported a fall in full year revenues from £22.1m to £5m, but the loss was lower and the increased number of shares in issue meant that the loss per share fell from 14.7p to 5.3p. Net cash is £32m. Revenues should rebound this year, and the loss fall again. Breakeven is possible in 2026 and net cash could still be £7m at the end of 2026. The share price fell 8.82% to 15.5p.
In the first quarter of 2025, Arrow Exploration (LON: AXL) produced 4,100 barrels of oil equivalent/day. Colombia production declined, but Canada more than made up for that. Production should grow further after a second drilling rig arrives in early June. Up to four wells will be drilled. Net cash was $24m at 1 May. Cash generation will contribute to the $50m of capex in 2025. There is a two-year crude pre-payment agreement with an energy company to market the oil in Colombia. The share price declined 2.94% to 16.5p.