Kropz (LON: KRPZ) reported that 43,886 tonnes of phosphate concentrate was sold during April. The sparked a 125% jump in the share price to 4.5p. This is the highest level for six months.
Par Lindstrom, chief executive of cleantech investment company i(X)Net Zero (LON: IX.), has increased his stake from 3.52% to 11.2%. The share price recovered 118% to 18p, which is the highest price this year. The February 2022 placing price was 76p.
Deutsche Bank is bidding 339p a share for Numis Corporation (LON: NUM), which values the AIM nominated adviser at £410m. On top of the cash bid there will be an interim dividend of 6p a share for the six months to March 2023, plus an additional dividend of 5p a share. The first dividend will be paid in June and the second dividend will be paid after the effective date of the takeover. The bid is recommended. The share price jumped 62.4% to 341p.
Intelligent Ultrasound Group (LON: IUG) had £7.2m in the bank at the end of 2022 and that money should be more than enough to fund the business until its starts to generate cash. In 2022, revenues were one-third higher at £10.1m and the underlying loss fell from £3.6m to £3m. A further loss means that cash could decline to £4.2m at the end of 2023. A Sunday paper recommendation helped the share price recover 51.2% to 15.8p. This is the highest share price since the end of 2021.
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Fallers
Technology investment company Asimilar (LON: ASLR) is leaving AIM. Trading in the shares has recommenced following the publication of the latest accounts and the price fell by one-third to 1.25p. At the end of September 2022, net assets were 5.53p a share. A general meeting will be held on 18 May and the cancelation should happen on 26 May. Asimilar will retain its Aquis quotation. Chris Akers raised his shareholding from 9.13% to 10.3%.
Fire Angel Safety Technology (LON: FA.) has been hit by supply problems and that particularly hampered sales of higher margin products. A delayed contract also held back progress. Costs have fallen but EBITDA will be below expectations in 2023. Price increases will help revenues from the second quarter onwards. Shore Capital has withdrawn its forecasts. The share price dived by 28.9% to 8p.
Minerals sands miner Capital Metals (LON: CMET) continues to have problems with licences in Sri Lanka. The authorities have been provided with evidence that 60% of the relevant subsidiary has been sold to local investors, but the licences remain suspended. The share price slipped 28.6% to 2.75p.
Trading in Chaarat Gold Holdings (LON: CGH) shares recommenced on 24 April after it decided to end acquisition talks with Lydian Armenia. Later in the week, an updated JORC ore reserves estimate was published for the Kapan polymetallic mine. The gold equivalent proven and probable reserves are 330,400 ounces. This lengthens the mine life to five years. The share price slipped 25.5% to 8.125p.
