Semiconductor wafers manufacturer IQE (LON: IQE) is the subject of renewed speculation concerning a takeover offer, although no firm bidder has revealed its hand. The share price recovered 81.3% to 19p.
Anglesey Mining (LON: AYM) has completed a £4m debt settlement agreement with Energold. The only remaining debt is a £100,000 loan secured against a residential property near the Parys Mountain copper zinc gold project. The debt was settled by transferring the company’s other assets to Energold. The whole focus is Parys Mountain. Energold has invested £350,000 at 7.6p/share through exercising warrants. The share price jumped 61.1% to 7.25p.
Skin treatments developer SkinBioTherapeutics (LON: SBTX) shares rebounded 53.8% to 8p following the previous slump after the departure of the chief executive and accounting adjustments. An investigation is continuing.
Advanced coating provider Hardide (LON: HDD) continues to win new orders. A further £1.8m of orders have been placed by an existing North American customer. Profitability is better than expected, helped by operational gearing. Cavendish has increased its pre-tax profit forecast by two-thirds to £2.3m. The share price increased 46.2% to 38p, which is the highest it has been for more than four years.
Guardian Metal Resources (LON: GMET) has filed a registration statement for a flotation in the US. The Nevada-focused critical metals explorer will raise money through an American Depositary Shares (ADS) issue. The share price gained 38.4% to 281p.
FALLERS
Oil projects developer TomCo Energy (LON: TOM) raised £550,000 at 0.03p/share. CMC Markets has been appointed joint broker. Oil sands project developer Greenfield Energy is now jointly owned with Valkor, whose founder will join the TomCo Energy. Greenfield Energy’s loan facility provided by Valkor, currently $799,500 has been amended to extend the repayment date of the remaining loan to February 2027 after 50% is repaid in TomCo Energy shares at 0.1p each. The annual interest charge is 2.7%. The share price dived 43.6% to 0.031p.
RC Fornax (LON: RCFX) full year figures were in line with previously downgraded estimates. Revenues fell 37% to £4.1m, while the pre-tax loss was £1.4m. The defence contractor says activity has improved since the MoD review. This increases confidence in the 2025-26 forecast revenues of £5.8m and a loss of £2m. In November, cash was raised at 6p/share. The share price slipped 26.1% to 8.5p.
Star Energy (LON: STAR) says it has reduced annual costs by £2m, but 2025 net production of 1,886boe/day was below guidance of 2,000boe/day. Cash was £7.6m at the end of 2025. Capex is expected to be £6.3m n 2026. Management is seeking acquisitions that will help to use up tax losses. The share price declined 19.6% to 11.25p.
AFC Energy (LON: AFC) generated modest revenues in 2025 but made progress with deals that should be beneficial over the longer-term. The hydrogen technology developer had £25.3m in the bank at the end of 2025. More opportunities are expected to be converted this year, and fixed costs are running at less than £1m each month. Zeus estimates a potential DCF valuation of at least 27p/share. The share price dipped 18.9% to 12.04p.