AIM movers: Tintra returns from suspension and Safestyle slumps on fundraising concerns

Trading has resumed in the shares of Tintra (LON: TNT) following publication of the accounts to January 2023. The financial technology business made a higher loss last year. The shares had been suspended since the end of July and since then it has received a bid approach at 150p/share. The share price jumped 63% to 110p.

Oxford BioDynamics (LON: OBD) has received a reimbursement code for its EpiSwitch 3D genomics platform. This covers Medicare, Medicaid and other payers in the US. This will come into effect on 1 January. The share price continued its upward momentum rising 47.2% to 50.5p – the highest level for nearly two years.

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Autonomous vehicle developer Aurrigo International (LON: AURR) has signed a deal with International Airlines Group to deploy its vehicles at a major UK airport. A small number of vehicles should be deployed in early 2025. The share price increased 13.6% to 167.5p.

MBD Partners has become a strategic investor in Ascent Resources (LON: AST) and bought its stake at a premium to the market price. MBD is owned by natural resources investor Ibrahim Diab and £1.5m has been injected into the oil and gas company at 3.5p/share. The MBD stake will be 20.5%. The share price improved 15.1% to 3.05p.


Safestyle (LON: SFE) is still talking with interested parties about a fundraising to provide working capital. It is a tough market for the windows manufacturer, but the directors believe that they will be able to obtain the finance required. It is uncertain what the terms will be and how dilutive it could be for shareholders. The share price slumped a further 58% to 1.85p and it has fallen 93% this year.   

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Horizonte Minerals (LON: HZM) shares continue to fall after yesterday’s announcement that it is changing the design of the Araguia nickel project in Brazil, which will increase capital investment and delay production until the third quarter of 2024. Management is in talks about additional financing. The share price fell a further 36% to 32p.

Secure payments technology developer PCI-Pal (LON: PCIP) is seeking maximum recovery of costs from the company that filed the UK patent dispute that was resolved in PCI-Pal’s favour last week. In the first quarter of the new financial year, 57 new contracts have been signed. However, Cavendish has reduced its expectations for growth in 2023-24 revenues from 34% to 28% following the latest guidance from the company. PCI-Pal is still expected to move into profit this year, but it is a more modest £100,000. The share price declined 13.6% to 47.5p and it is back around the level prior to the announcement of the UK patent litigation result last week.

Online retailer boohoo (LON: BOO) shares have fallen 10.3% to 28.315p – the lowest level for around eight years – after it fell into loss in the first half. They are down 10.3% to 28.33p. Interim revenues fell 17% to £729.1m, with lower sales in all the international regions. The fastest rate of decline was outside the core brands, but they still fell by 10%. Net debt is £35m.

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