Windar Photonics (LON: WPHO) shares returned from suspension after it published its 2021 accounts and 2022 interims after the market closed on Friday. The share price doubled to 16p. Windar Photonics has raised £1.8m at 15p a share. The wind turbine optimisation technology developer remains loss making.
C4X Discovery (LON: C4XD) has signed an exclusive worldwide licence deal with AstraZeneca that could be worth up to £402m. This relates to the use of the NRF2 activator programme to develop an oral therapy for the treatment of chronic obstructive pulmonary disease. There is an upfront payment of $2m with up to $14m more receivable for pre-clinical milestones. The hare price improved by 26.8% to 26p.
Energy supplier Yu Group (LON: YU.) says 2022 figures will be much better than expected with revenues expected to grow by 67% to £260m. This strong trading will continue into 2023. EBITDA margins are expected to exceed the 2.1% reported in the first half. Net cash will also be better than expected. The share price rose by 14.7% to 390p.
Anglesey Mining (LON: AYM) says a review of the Northern copper zone at the Parys Mountain copper zinc lead project in Wales shows a large body of copper mineralisation. Further drilling is planned over the next year and this zone could be more important than previously expected. The share price is 9.3% higher at 2.35p.
Inspiration Healthcare (LON: IHC) says that it expects 2022-23 revenues to be similar to the previous year because of market uncertainty, particularly in China. Cenkos has reduced its forecast revenues from £45m to £41.1m. Because the reduction relates to higher margin products it means that pre-tax profit will dive from £3.96m last year to £540,000 this year. The share price slumped 28.8% to 59.5p.
On Friday evening, energy efficiency as a service provider eEnergy Group (LON: EAAS) raised £2.525m of subordinated debt lasting until 2024, which was issued at a discount. That discount equates to 2% repayment fee and 1.25% interest each month. The 2021-22 figures were announced at the same time and were in line with the previous trading statement. Net debt was £3.2m at the end of June 2022. First quarter revenues were 90% ahead at £7.6m. The share price dived 17.5% to 4.95p.
Condor Gold (LON: CNR) has issued £1m of convertible loan notes to a company related to its chairman Jim Mellon. The conversion price is 15p and this will happen if an open offer raises at least £1m for other shareholders. There are also 2.5 warrants exercisable at 15p for each converted share. The one-for-six open offer at 15p a share could raise up to £3.2m. A reduction in the nominal value of the shares from 20p to 1p is required to issue the shares. The share price slipped 11.8% to 18.75p.
Digital health technology company Induction Healthcare (LON: INHC) increased revenues in the year to March 2022, helped by acquisitions, but the loss also increased from £8.12m to £9.57m. The latest interims will be released on 5 December. The share price fell by 11% to 32.5p, which is not much higher than the all-time low.
