Shares in 88 Energy (LON: 88E) jumped 53.5% to 1.65p, which is the highest it has been for four years, after it published a new corporate presentation on its website.
T42 IoT Tracking Solutions (LON: TRAC) increased full year revenues from $4.16m to $6.1m and gross margins improved. This enabled a move from an operating loss of $900,000 to a profit of $400,000. Interest charges are likely to lead to a pre-tax loss, though. Momentum is set to continue. The share price recovered by 19.4% to 2.15p.
The spike in share trading in Galantas Gold (LON: GAL) on Friday continued on Monday morning. The share price increased 16.9% to 72.5p and is146% higher over the past five days. There have been no announcements this month. It could be a late reaction to the proposed acquisition of the Andacollo Oro gold project, which is a past producing open pit mine.
Matthew Jones has increased his stake in TomCo Energy (LON: TOM) from 13.8% to 14.4%. The share price gained 10% to 0.0385p.
M&C Saatchi (LON: SAA) chief executive Zaid Al-Qassab is stepping down on 31 March and Dame Heather Rabbatts will become interim executive chair. Vin Murria, who owns 11.8% of the advertising and marketing company and also runs 9.8% shareholder AdvancedAdvT (LON: ADVT), has joined the board as a non-executive director. AdvancedAdvT says it has no intention of making an offer for M&C Saatchi, which has launched a £4.5m share buyback. The M&C Saatchi share price rose 4.62% to 124.5p. AdvancedAdvT shares fell 1.56% to 157.5p.
FALLERS
Alien Metals (LON: UFO) says joint venture partner GreenTech Minerals has completed the phase 1 drill programme at Munni Munni Platinum-Palladium-Copper-Nickelproject in Western Australia. Assay results will be published. This is part of the work to calculate a JORC resource. The previous mineral resource estimate is 24 Mt @ 2.9 g/t 4E (PGE+Au) for 2.2Moz. The share price declined 13.35 to 0.13p.
Kettle controls supplier Strix Group (LON: KETL) has seen signs of improvement, but is has been in lower margin controls, rather than those used in regulated markets. The rise in silver and copper prices has pushed up costs. The pre-tax profit forecast for the 15 months to March 2026 has been cut from £12.1m to £9.8m. net cash should still be £29.2m. Next year, with higher metals prices, the 12-month pre-tax profit forecast has been reduced from £9.3m to £6m. The share price slipped 125 to 41.35p.
Anglesey Mining (LON: AYM) has raised £680,000 at 6p/share, following the completion a £4m debt settlement agreement with Energold. There is £250,000 earmarked for dewatering of an existing shaft, £50,000 for analysis of samples and £100,000 for ongoing exploration. The share price dipped 16.7% to 6.25p.
Phoenix Copper (LON: PXC) has completed its investigation into allegations against directors Marcus Edwards-Jones and Richard Wilkins and they have been dismissed. Between 2016 and 2025, $1.765m in payments were made by Richard Wilkins to a corporate adviser owned by Marcus Edwards-Jones. These related party payments were not disclosed and were not agreed by independent directors. There were other payments of £610,000 made without board approval. Phoenix Copper is seeking to recoup the payments. There should be no requirement to adjust past accounts. The company’s working capital position is constrained. There are talks with Riverfort Global Opportunities about the terms of the short-term loan facility and Indigo Capital, which has subscribed for convertible loan notes. The share price fell 6.98% to 1p.