AIM movers: SpaceandPeople signs five-year deal and Arcontech beats expectations

SpaceandPeople (LON: SAL) has signed a five-year Network Rail and Southeastern Trains contract to provides events and promotions at their railway stations. This extends the relationship with Network Rail, while Southeastern Trains is a new client. This is substantial and will provide better revenues visibility. It follows a similar deal with German shopping centre operator ECE. The share price jumped 12.1% to 92.5p.

Real-time market data software developer Arcontech (LON: ARC) increased revenues by 4% last year and underlying pre-tax profit is one-fifth higher than expected at £1m. This is partly down to planned costs being delayed. Net cash is £7m. Investment in sales should provide longer-term growth. The share price improved 8.47% to 96p.

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Cleantech Lithium (LON: CTL) has completed the first stage of production from the direct lithium extraction pilot plant. One tonne has been produced over 384 hours. Lithium recovery was 88% and the impurity rate was low. This material will be used for battery grade lithium carbonate. The share price improved 8.24% to 23p.

Oil and gas company Synergia Energy (LON: SYN) says that the Indian government has given approval for the transfer of a 50% interest in the Cambay PSC. This completes the farm-out to Selan, which will enable development of the field. The share price moved up 7.55% to 0.1425p.

FALLERS

Semiconductor designer Sondrel (LON: SND) has sent out a circular for the general meeting on 12 August to gain shareholder approval for the plan to cancel the AIM quotation. It already has the support of more than 72% of the share capital. The share price slipped a further 5.4% to 2.75p.

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Chaarat Gold (LON: CGH) says that Asset Match will provide a matched bargains market for shares once they leave AIM on 16 August. There is enough cash to operate the business until then, when drawdowns on the $5m working capital facility can commence. The share price dipped a further 12.5% to 0.175p.

MindFlair (LON: MFAI) investee company Getvisibility has collaborated with Forcepoint on its newly launched a new cybersecurity product covering Generative AI services. This monitors data interactions in the AI tools. MindFlair has a 13% interest in Getvisibility and a 5.3% indirect interest. The share price has been on a strong run, and it fell back 8.93% to 1.275p. That is a significant discount to NAV.

Helium explorer Helix Exploration (LON: HEX) has started construction work on a road and drill pad for the Ingomar Dome project in Montana. A well will be drilled in the third quarter with another well planned for the Rudyard area. The combined cost is $4.1m, which is below budget. The share price dipped 5.88% to 24p, but it is still 140% ahead of the placing price in April.

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