Esports company Gfinity (LON: GFIN) shares rose 56.7% to 0.0235p on the back of the confirmation of the subscription for two million shares at 0.015p by chief executive David Halley. He has a 7.82% stake.
SRT Marine Systems (LON: SRT) has won a $213m SRT-MDA system contract award for a National coastguard covering 12 years – two years implementation and 10 years of support. The completion of the contract and performance bond are expected in November. The share price is one-quarter higher at 45p.
Digitalbox (LON: DBOX) finance director David Joseph has resigned. He will stay until a replacement is found. This follows Friday’s announcement that the digital media publisher has launched a strategic review on the back of an approach from a major shareholder. The share price improved 21.4% to 4.25p.
Cora Gold (LON: CORA) says more than 2,000 samples showed gold associated with an intrusion related gold system at the Madina Foulbe gold project in eastern Senegal. These systems can be large. More than 50% of the drill holes end in mineralisation and this mineralisation is likely to continue at deeper depths. The share price increased 12.5% to 3.15p.
Strategic Minerals (LON: SML) subsidiary Cornwall Resources, which owns the Redmoor tin/tungsten project in Cornwall, is participating in a £4.5m Green Economies Centre at the University of Exeter. It is being set up to research sustainable extraction of tin, tungsten, lithium and other critical materials.This will provide additional expertise to the company. The share price rose 11.1% to 0.25p.
FALLERS
Blue Star Capital (LON: BLU) is continuing the strategy to seek an exit of its investments. The launch of the de-fi project to Pendulum and Nabla that is called Vortex is the key to the valuation of the SatoshiPay investment and the sale has been suspended. The funding of Vortex is not yet in place. Around 90% of the NAV is based on the 27.9% SatoshiPay stake and this valuation depends on the launch of Vortex and if SatoshiPay raises additional funds then this stake will be diluted. The Blue Star Capital share price dived 14.3% to 0.015p.
Musical instruments retailer Gear4Music (LON: GFM) shareholder Ronit Capital has increased its stake from 3.96% to 5.29%. Even so, the share price slipped 4.41% to 162.5p.
Helix Exploration (LON: HEX) has commenced mobilisation of a drilling rig to the site of the Clink#1 well on the Ingomar Dome. Re-entry work is expected to begin shortly. The company will evaluate the option to deepen the well. The share price dipped 3.7% to 19.5p.