AIM movers: Simec Atlantis Energy redeploys and Osirium Technologies shares continue to fall

Simec Atlantis Energy (LON: SAE) has redeployed a 1.5MW turbine at its MeyGen site and this will help to increase tidal stream generation. The share price recovered 19.7% to 2.125p.

Jersey Oil & Gas (LON: JOG) has risen on the back of yesterday’s positive statement concerning farming-out the Greater Buchan area. Interest is apparently strong and there are serious discussions. This is the key project for Jersey Oil & Gas. Technical work should be completed in October. The shares are 15.2% ahead at 265p.

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Electrolyser technology developer Clean Power Hydrogen (LON: CPH2) has made good progress since flotation in February and it has won two orders for 1MW electrolysers, as well as licence agreements around the world. There was still £23.2m in cash in the bank at the end of June. The shares were 9.2% higher at 44.5p. The placing price was 45p,

Egdon Resources (LON: EDR) has risen a further 5.52% to 7.65p after the ending of the government ban on fracking and Management says that it will work with the government to develop the regulatory environment.  

Coal miner MC Mining (LON: MCM) has been hit by profit-taking this week and it has fallen a further 21% to 24.5p today making it the worst performer. That is still well above the 16.5p that it was at the beginning of September.

Shares in cyber security firm Osirium Technologies (LON: OSI) continue to fall following yesterday’s interim figures showing an increased loss. The share price has fallen 25% to 3.75p – it was 6p on Wednesday. Revenues continue to grow and management I trying to rationalise its cost base.

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Oil and gas project investor Reabold Resources (LON: RBD) has fallen following a meeting between the operator of the West Newton field and the community liaison group.  Reabold holds a 56% working interest in the West Newton field. The share price slumped 12.7% to 0.275p.  

Internet of things investment company Tern (LON: TERN) has published its interim figures. The portfolio companies are growing. The value of investments in FundamentalVR and Device Authority has increased, although there was a decrease in the Wyld Networks investment. NAV fell from 9.2p a share at the end of 2021 to 8.5p a share by June 2022. The shares fell 12.3% to 9p.

Red Rock Resources (LON: RRR) continues to fall following Wednesday evening’s placing raising £160,000 at 0.4p. This included 20 million warrants exercisable at 0.8p a share. Yesterday the share price fell to 0.425p. This morning the share price has slumped 11.8% to 0.375p. A joint venture of Red Rock Resources has acquired an exploration licence covering the former Berringa mine in Australia.

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