Real-time tracking technology developer t42 IoT Tracking Solutions (LON: TRAC) has agreed with Contguard to extend the maturity date of the $1.3m convertible loan to 10 December 2027. Contguard has agreed to place $2.5m of orders for 2025 and 2026 with payments in advance of deliveries. The share price increased 11.4% to 2.45p.
Zoo Digital (LON: ZOO) has restructured its operations supplying digital media services for the TV and film sector so that it can return to profit this year. In the year to March 2025, revenues recovered 22% to $49.6m and the loss was cut from $20.5m to $8.3m. Net debt was $1.9m. Annualised cost savings were $8.4m with a further $2.5m to come. Dubbing revenues have fallen 18% in the first quarter of the new financial year, but the rest of the business is growing. There was an EBITDA profit in the fist quarter. Demand from streaming service is important to Zoo Digital. A new Fast Track service has been launched. The share price rebounded 9.4% to 14.5p.
Polarean Imaging (LON: POLX) says there has been a submission of a new phase III clinical trial protocol to the US FDA for an expanded indication for XENOVIEW, the contrast agent for MRI of the lungs. This is designed to evaluate safety and diagnostic performance. Written feedback has been requested. The review of the proposed trial should be completed by the end of the year. The trial is expected to cost up to $4.5m and could start in the second half of 2026. The share price improved 9.29% to 1p.
James Voce has been appointed corporate development director of Active Energy Group (LON: AEG). The share price rose 4.17% to 0.125p.
Rome Resources (LON: RMR) has updated investors about ongoing exploration activities at the Mont Agoma prospect of the Bisie North project in the DRC. Drilling has encountered tin and copper mineralisation. One drill hole returned tin 18 metres of mineralisation at a maximum grade of 2.4% tin. Another hole encountered a copper intercept measuring 13 metres with a maximum grade, plus nine metres of tin and 13 metres wide zinc zone. Further assays are expected. The share price is 9.09% higher at 0.3p.
FALLERS
At the AGM, former Goldstone Resources (LON: GRL) chairman Bill Trew revealed confidential information about an offer for the company that was rejected by the board. Angela List was not re-elected as a director having received 19.2% of votes in favour of her role. Campbell Smyth was re-elected with 62.7% of the votes. A resolution to allow the issue of more shares received 62.96% of the votes, but it required 75% to go through. Discussions continue with potential providers of funds, and it will have to call a general meeting to allow it to issue more shares. The share price slumped 47.6% to 0.275p.
Dowgate Group has taken advantage of the recent jump in the Trellus Health (LON: TRLS) to reduce its stake from 7.34% to 4.11%. The share price rose from 0.6p to 1.65p over less than three weeks. The share price slipped 16.7% to 0.75p.
Mobile Tornado (LON: MBT) has fallen a further 28.8% to 0.5p after yesterday’s announcement that it is asking for shareholder approval to depart AIM. The plan is to leave on 9 September.