ImmuPharma (LON: IMM) has filed a new patent application for P140, which can help to identify and treat a subpopulation of patients with Type M immune disorder that ae P140 super-responders. This can be used to sped up diagnosis and treat up to 50 autoimmune diseases. The global market is worth more than $100bn. The share price jumped 134% to 5.21p.
Orosur Mining Inc (LON: OMI) has raised $174,711 from the exercise of warrants at 5.33 cents each. The share price improved 54.4% to 21p.
Surface Transforms (LON: SCE) shares ae continuing their recovery rising to 53% to 2.525p. Paul Marr has been appointed as a non-executive agreement. He has been working with a customer to help improve the operations of the ceramic brake manufacturer.
Geo Exploration (LON: GEO) has commenced the maiden drilling programme at the Juno project. JUD001 will be drilled to depths of up to 1,000 metres. The share price increased 37.3% to 0.46p.
FALLERS
Shares in pharmacogenetic testing company Genedrive (LON: GDR) continued to decline following the previous Friday’s announcement of a share capital reorganisation after the share price fell below par value of 1.5p. There was cash of £700,000 at the end of August and this will last until mid-October. Shares cannot be issued at below par value so it will be reduced to 0.015p. The share price fell 29.2% to 0.425p.
Fiinu (LON: BANK) took advantage of the share price rise since readmission last week to raise £1.41m at 15p/share. The initial payment of £8m for Poland-based foreign exchange brokerage Everfex was satisfied by the issue of 80 million shares at 10p each. A previous subscription generated £801,000 at 10p/share. Luxembourg fund QVP is the main investor in the placing. The share price dipped 21.1% to 15p.
Telecoms services provider Maintel (LON: MAI) is finding it tougher to close deals and one major expected deal was not won. This will hit revenues in 2025, and forecasts have been cut from £101m to £95m. The pre-tax profit estimate has been slashed from £3.8m to £700,000. The share price slipped 18.9% to 150p.
India-focused power generator OPG Power Ventures (LON: OPG) reported a 2.5% dip in revenues to £156.7m, while pre-tax profit was one-third lower at £5.2m. Management believe that demand for thermal power will continue. The share price declined 18.6% to 6.8p.