Cloud based software supplier i-nexus Global (LON: INX) shares have jumped 55.2% to 4.5p after a positive AGM statement. This is a bounce back from the all-time share price low. Double-digit growth is anticipated this year. Four new clients have been gained and existing clients are increasing usage. Dyfan T Williams has acquired a 4.56% stake in the company.
Active Energy Group (LON: AEG) has received a trademark for CoalSwitch in Canada. This follows trademark awards in the US and the UK. CoalSwitch is biomass technology that reduces carbon dioxide emissions by up to 99% compared with coal and 97% compared with gas. John Celaschi increased his stake from 9.76% to 10.1%. The share price increased 45.1% to 6.42p.
Gold explorer Panthera Resources (LON: PAT) has entered into a conditional arbitration funding agreement with a subsidiary of Litigation Capital Management (LON: LIT) for the damages claim against the Republic of India for breaches of its obligations under the Australia-India bilateral investment treaty. Up to $10.5m will be provided to cover the costs of the claim. The share price rose 40.4% to 6.25p.
Purplebricks (LON: PURP) has received approaches for the acquisition of the company or its businesses and the ongoing strategic review has been widened to include a formal sale process. This perked up the share price by 28.3% to 9.4p, which is the highest it has been since last August.
Hercules Site Services (LON: HERC) reached a share price peak last week, but a heavily discounted placing has knocked the share price by 37.8% to 44.8p leaving it below the placing price. The construction labour provider raised £1.7m at 45p a share. Last February’s flotation price was 50.5p. The cash will be used to fund growth in the labour supply division as well as the newer operations supplying security and white-collar staff.
Baron Oil (LON: BOIL) published the competent person report on the 75%-owned Chuditch gas project, which shows lower than expected prospective resources. Even so, Allenby believes that the 1.1tcf contingent resource for the Chuditch-1 discovery underpins the potential for the project and it has increased its risked valuation of Chuditch to 1.027p a share. Baron Oil has until 18 June to make a drill or drop commitment. The share price fell 28.4% to 0.161p.
Metal Tiger (LON: MTR) is proposing the cancellation of its AIM quotation so that it has more flexibility with its new investment strategy. A general meeting will be held on 20 March for shareholders to vote on the cancellation and the new investing policy. The company will remain listed on ASX. The share price dived by 28.1% to 9.35p.
Healthcare services provider Totally (LON: TLY) warns that although full year revenues will be in line with expectations increasing costs means that profit will be below forecasts. Canaccord Genuity has cut its 2022-23 pre-tax profit forecast from £5.8m to £3.8m, down from £4m the previous year. Net cash is expected to be £5.5m at the end of March 2023. The share price slumped 23.5% to 19.9p.
Proton therapy technology developer Advanced Oncotherapy (LON: AVO) has secured a convertible loan note facility of £4.95m. The lenders will also receive a portion of the revenues generated by the proton therapy machine installed in the Harley Street Centre, capped at £2.5m each year over a ten-year period. A short-term loan of £2.92m from a French counterparty has been switched into notes convertible at 25p a share and 1.25 million warrants exercisable at 25p each. The share price fell 23.4% to 5.25p.