Premier African Minerals (LON: PREM) says that the Zulu lithium plant was restarted on 6 July and optimisation of the processing will happen in the coming weeks. The share price rebounded 103% to 0.0245p.
Futura Medical (LON: FUM) is replacing James Bader as chief executive after disappointing sales o of its main erectile dysfunction product Eroxon. Jeff Needham is also leaving the board. Alex Duggan will become interim chief executive. The share price recovered 51% to 11.85p.
Conroy Gold and Natural Resources (LON: CGNR) has discovered anomalies along the Skullmartin gold trend. This trend is more than 30km long. The share price I 50% higher at 6.75p.
David Johns-Powell has increased his stake in Haydale Graphene (LON: HAYD) from 3.49% to 4.52%. The original stake was revealed last November. The share price improved 38.5% to 0.9p.
FALLERS
Petro Matad (LON: MATD) has raised £2.84m at 0.8p/share – more than expected – and could raise a further £500,000 from a retail offer. The cash will be invested in lower cost power generation. The share price dipped 38.1% to 0.82p.
Water and energy efficiency technology services provide Eneraqua Technologies (LON: ETP) says revenues will be lower than expected for the year to January 2025, but pre-tax profit will be in line with forecasts. Revenues of £81m were forecast but the outcome is going to be £63m. A £7m project substantially completed last year is recognised as accrued revenues. There have been delays in the receipt of payments and further deferral of projects in the current year. This has led to the requirement for additional funding. The disposal of a non-core business should raise £1m. Subsidiary Cenergist has been placed in administration due to an adverse adjudication. Trading in the shares has been suspended because of the financial uncertainty, but prior to that the share price slumped 34.5% to 19p.
Active Energy Group (LON: AEG) has closed a substantially oversubscribed placing raising £346,180. The biomass-based renewable energy technology developer will use the cash for working capital. The company is evaluating a digital assets strategy for its treasury management. A proportion of the fundraising is likely to be invested in Bitcoin and other digital assets. The share price fell 30% to 0.21p.
IT training company Northcoders (LON: CODE) warns that there is limited visibility on government funding of regional training. Some regions have not even launched tenders for the training. Northcoders has a good reputation but cannot guarantee how much business it will win. This makes revenues unpredictable for the full year and Zeus has withdrawn its forecasts. Fixed costs are being reduced. The share price slipped 27.7% to 36.5p.