Avanza Bank Holding has reduced its shareholding in Eco (Atlantic) Oil and Gas (LON: ECO) from 4% to 2.71%, which perked up the share price by 77.2% to 18.25p.
Geospatial software and services provider 1Spatial (LON: SPA) has reached agreement in principle to a 73p/share offer by VertiGIS, whose products it already distributes. That values 1Spatial at £87.1m. Shareholders owning one-third of the shares are in favour of this level of offer. Management believes that VertiGIS will help to accelerate growth. A further announcement will be made about the progress towards a recommendation. The share price increased 45.2% to 67.5p.
Oil and gas company Empyrean Energy (LON: EME) had a cash outflow from operating activities of £440,000 in the six months to September 2025. There was cash of £3.06m at the end of September 2025. There are convertible loan notes valued at £9.84m. The interest rate is 20% and the conversion price is 2.5p/share. The share price rose 36.4% to 0.0375p.
Petro Matad (LON: MATD) has received a farm-in proposal that would help to further develop Block XX in Mongolia. Due diligence has been caried out. Production averaged 350 barrels of oil per day in November. Petro Matad is still in discussion with PetroChina concerning the oil sales agreement. The share price improved 35.1% to 1.25p.
FALLERS
Premier African Minerals (LON: PREM) says J Goddard Contracting has demanded immediate payment of $2.3m. Total group liabilities are $62.1m. More cash needs to be raised. The share price dived 51.9% to 0.0325p.
Ghana-focused Alliance Lithium (LON: ALL) says that the Ghana parliament has temporarily withdrawn the mining lease for the Ewoyaa lithium project. This relates to the consultation on the mining code and royalties. The share price fell 27.6% to 7.2p.
Haydale Graphene (LON: HAYD) has agreed to acquire Intelligent Resource Management, which trades as SMCC for an initial £12m in shares at a notional price of 0.645p each. This deal will add consultancy and project installation to Haydale Graphene’s energy transition technologies and provide access to potential customers. A placing will raise £5.91m at 0.5p/share and a retail offer could add up to £500,000. Octopus is converting £500,000 of convertible loan notes into 417.88 million shares. The share price declined 27.5% to 0.5p.
Cinemas operator Everyman Media Group (LON: EMAN) has been hit by disappointing box office for films in the second half of the year. UK admissions have declined in recent months. Forecast revenues have been reduced to £114.5m, while EBITDA has been cut to £16.8m, which is slightly higher than last year. The share price slipped 22.5% to 27.5p.