AIM weekly movers: CloudCoCo raised to cash to help to scale business

88 Energy (LON: 88E) says the sale of shares acquired through the small holding sale facility for holdings of fewer than $500 in value. There were 46.1 million shares sold. It also published a new corporate presentation on its website. The share price jumped 67.4% to 1.8p.

IT company CloudCoCo (LON: CLCO) announced it is raising £275,000 – the chairman Simon Duckworth is investing £210,000 – at 0.12p/share. A capital reorganisation is required before new shares can be issued for less than 1p each. The cash will fund Project Brightstar, which will enhance the company’s position in the B2B market. Target revenues are £10m, compared with £8m in the year to September 2025. The share price gained 60.9% to 0.185p.

Catenai (LON: CTAI) has invested a further £250,000 in AI technology developer Alludium, increasing its stake from 13% to 16.1%. Investee company Klarian is due to repay £699,000 in loans and fees on 25 April 2026. Catenai has not bought any Bitcoin yet despite having a Bitcoin treasury policy. The share price increased 45.2% to 0.305p.

T42 IoT Tracking Solutions (LON: TRAC) increased full year revenues from $4.16m to $6.1m and gross margins improved. This enabled a move from an operating loss of $900,000 to a profit of $400,000. Interest charges are likely to lead to a pre-tax loss, though. Momentum is set to continue. The share price improved 44.4% to 2.6p.

FALLERS

Agricultural and fire protection technology supplier Light Science Technologies (LON: LST) is acquiring Injectaclad for up to £4.8m, as well as paying £600,000 for the 10% minority shareholding in UK Circuits and Electronics Solutions and a related property, which can also be used for the fire protection division. Injectaclad has developed a remedial cavity fire barrier for properties and Light Science Technologies has a subsidiary that installs this product. The deal could help to improve margins by streamlining the supply chain. This fire protection division is providing revenues, while the agricultural lighting business is steadily being built up. Light Science Technologies could break even this year. A placing has raised £6m at 1p/share and a retail offer could raise up to £600,000 more. The retail offer closes on 16 March. The share price dived 65.7% to 1.15p.

There was profit-taking in Galantas Gold (LON: GAL) following the previous week’s share price jump and there was a decline of 38.7% to 38p.

Focus Explore (LON: FOX) has raised £75,000 through a convertible loan note fundraising. Antony Legge, David Russell and Neil Slade are joining the board. David Russell will be an executive director. The share price is one-third lower at 0.02p.

Celsius Resources (LON: CLA) had a cash outflow of $2.14m in the six months to December 2025. A further $9m was spent on exploration and investment. Cash was $2.16m at the end of 2025 and there are $3m of assets held for sale. The share price fell 29.3% to 0.725p.

Anglesey Mining (LON: AYM) has raised £680,000 at 6p/share, following the completion a £4m debt settlement agreement with Energold. There is £250,000 earmarked for dewatering of an existing shaft, £50,000 for analysis of samples and £100,000 for ongoing exploration. The share price slipped 26.7% to 5.5p.

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Andrew Hore
Andrew Hore is the publisher of AIM Journal, which is an online monthly publication covering the Alternative Investment Market.