Peel Hunt has a 10.1% stake in Nostra Terra Oil & Gas (LON: NTOG). The share price recovered 16.7% to 0.0245p.
Spreadex Ltd has a 4.94% shareholding, via voting rights through financial instruments, in Tiger Royalties and Investments (LON: TIR). The share price rose 11.4% to 0.195p.
Point of care pharmacogenetic testing company genedrive (LON: GDR) says that the clinical performance of its CYP2C19-ID Kit has been published in the Journal of Molecular Biology. The results for people in an acute emergency care setting were quicker, more accurate and had a lower test fail rate than those handled in a laboratory. The test identified seven people that were not identified by the laboratory because it targets more variants. The share price increased 3.3% to 2.35p.
FALLERS
Following the announcement that retailer Quiz (LON: QUIZ) intends to ditch its AIM quotation, Amraj Gill’s stake has risen from 8.17% to 10.1% and Tajveer Gill’s stake has increased from 8.1% to 10.3%. The share price fell a further 8.62% to 0.875p.
Prior to Christmas, Bezant Resources (LON: BZT) raised £560,000 at 0.24p/share to fund development of the Hope and Gorob copper and gold mines in Namibia. The indicated resources are 10mt @ 1.89% copper and 0.31 g/t gold. The main target is more than 3mt @ >1.8% copper, which is an open pit resource. The share price declined 8.51% to 0.0215p.
Premier African Minerals (LON: PREM) announced an amended offtake and prepayment agreement with Canmax Technologies for the Zulu lithium and tantalum project after trading ended on Christmas Eve. The settlement options for Canmax Technologies have been adjusted in respect of prepayment amounts that are outstanding on 1 April 2025. If Premier African Minerals does not deliver the required product of provide cash settlement, Canmax Technologies is entitled to a direct stake in Zulu lithium at a valuation of $100m. The alternative is settlement in Premier African Minerals shares. The share price slipped 8.41% to 0.049p.
Maritime surveillance systems developer and installer SRT Marine (LON: SRT) has signed the $9m Middle East coast guard contract and implementation has commenced. The is a ten-year contract for an upgrade to a 2016 installation. There should be $7m of revenues recognised in the year to June 2025 and the following year combined. There could be further upside from the contract. This contract adds to the $213m Kuwait coast guard contract, where implementation has also begun. Two other contracts totalling around $250m are near to signing and could start their implementations before June 2025. Management says that 2025-26 should be “significantly profitable”, but Cavendish has yet to reinstate forecasts. The share price is down 1.19% at 41.5p