Immersive technology developer Engage XR (LON: EXR) is unveiling its education offering at the EdTech conference Bett 2025 in London. The package has been developed for kindergarten up to 18 years old. Engage XR will be a partner with Meta for Education. The share price jumped 134% to 1.55p, having reached 2.5p – the highest it has been for nine months.
Mindflair (LON: MFAI) investee fund Sure Valley Ventures made a £1.5m investment in Vizgard, which is an AI company involved in distributed solutions for defence and public safety applications. Another portfolio company, Infinite Reality, is securing a marketplace for shares on the Nasdaq Private Market. Mindflair granted 41.5 million options exercisable at 0.25p each to two directors and an employee. This compensates for the waiving and reduction of cash remuneration. Later the company clarified the condition for the third tranche of options issued to director Nicholas Lee. This requires the share price to be above 4p for five consecutive days for the options to vest. The share price rose 64.7% to 1.4p
Managed services provider Tialis Essential IT (LON: TIA) has made a good start to 2025 with preferred partner and contract extensions totalling £17.8m. Some of these are five-year contracts and are higher margin lifecycle management contracts. The 2024 pre-tax profit is expected to be flat at £1.1m, but earnings are forecast to treble to 3.6p/share. The share price has been falling since the beginning of 2024. The share price recovered 51.2% to 32.5p.
GENinCode (LON: GENI) says that its heart disease risk assessment product CARDIO inCode is included in the US 2025 Clinical Lab Fee Schedule enabling reimbursement from Medicare and Medicaid. The price varies from $450-$570. It is also being used to prevent heart disease in Catalonia. The share price improved 47.7% to 4.8p, having been as high as 6.125p.
FALLERS
Fuel additives developer Quadrise (LON: QED) generated £4.5m via a placing at 3p/share, which was well above the minimum sought, and a retail offer could raise up to £1m more – although that figure could be increased. The money already raised will last well into 2026. Quadrise is taking advantage of the share price rise on the back of contract announcements with an impressive area of customers. The share price dipped 35.5% to 4.125p. Two months ago the share price had fallen back to 1.5325p and the current price is the highest it has been for nearly four years.
Bars operator The Revel Collective (LON: TRC) had a good Christmas, but it faces higher costs because of the National Living Wage and National Insurance increases. Annualised costs will rise by £4m. This has led to forecasts of larger than expected losses. Like-for-like Christmas revenues were 1.6% higher. Net debt is expected to be £24m at the end of June 2025. The share price declined 31.3% to 0.275p, which is a new all-time low.
Oil and gas producer Enwell Energy (LON: ENW) shares slipped 27.1% to 17.5p following news that the court in Ukraine has cancelled a previous ruling that lifted the suspensions of the Mekhediviska-Golotvshinska, Svyrydivske and Vasyschevskoye production licences. The suspension of the Mekhediviska-Golotvshinska and Svyrydivske licences is back in force. There is a continuing appeal against the ending of the suspension of the other licence, where operations continue. In the fourth quarter of 2024, average production was 2,014 barrels of oil equivalent/day, with 92 barrels/day coming from the Vasyschevskoye licence. Average production was 2,014 barrels of oil equivalent/day for 2014 as a whole.
AI-technology services provider Pri0r1ty Intelligence (LON: PR1) is forming a strategic partnership with Funding Circle, the small business loans provider. Pri0r1ty Intelligence clients will be provided access to loans of up to £750,000 via its platform. Pri0r1ty Intelligence will get an introducer commission of up to 6.5%. The fundraising for the reversal of the business into the previously listed shell Alteration Earth at the end of 2024 was done at 13.5p. Rupert Labrum, one of the original shareholders in the shell, has reduced his stake from 3.4% to 2.34%. The share price fell by one-quarter to 6p.