AIM weekly movers: MobilityOne ecommerce deal

MobilityOne (LON: MBO) announced a joint venture with Super Apps Holdings to expand its eproducts and services business. The Malaysia-based ecommerce payments services provider is also selling its 60% stake in OneShop Retail to Super Apps for initial proceeds of £7.53m followed by £3.76m within 180 days of completion. The sale should be completed by the end of the year, although it is dependent on the merger of Super Apps and Technology & Telecommunication Acquisition Corporation. The share price increased by 53.3% to 13.8p.

Shares in Renalytix (LON: RENX) have jumped 50% to 75p. The US authorities have commenced payments of claims for KidneyintelX testing for patients with Medicare cover. A KidneyintelX test is priced at $950. Renalytix has applied to establish a local coverage determination for KidneyintelX. Full year figures will be published on 31 October.

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Positive news concerning the Pitfield copper gold project in Australia has boosted Empire Metals (LON: EEE) by 48.4% to 1.15p. A review of the recent surveys and historical data for the site suggests that it has the hallmarks of a giant copper mineralised system. There is a large magnetic anomaly. Exploration activity will be accelerated in early 2023.

Transport technology developer Aurrigo International (LON: AURR) has signed an agreement with Changi Airport Group. This covers six months of trial of the Auto-Dolly, a baggage transport system using sensor technology. The share price is 39.3% ahead at 78p. The September placing price was 48p.

Digital chemistry data provider DeepMatter Group (LON: DMTR) has signed a multi-year database licence agreement with Merck. This is the third multi-year deal this year. There could be other opportunities to provide data and services to Merck. DeepMatter expects 2022 revenues to be more than 50% ahead at £1.5m or more. There was £700,000 in cash at the end of September. At the beginning of the year £2.8m was raised at 0.1p a share. The current share price has recovered by 33.3% to 0.1p.

Delivered ready meals supplier Parsley Box (LON: MEAL) said that it was considering leaving AIM so that it is easier to raise money. If the decision is made by the board, then shareholders will have to approve it. The share price slumped 66.3% to 3.2p, having been as low as 1.6p on Thursday. Trading is in line with expectations.

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Eyewear supplier Inspecs (LON: SPEC) says like-for-like revenues fell 3% to £179.4m in the nine months to September 2022 due to currency movements. There was growth after a contribution from acquisitions. The share price fell 56.9% to 49.6p. The February 2022 flotation price was 195p. Weak consumer confidence is likely to continue in the fourth quarter, particularly in Germany and France. The weaker order book means that the investment in expanding capacity in Vietnam and Portugal will be delayed, while the Norville manufacturing facility is taking longer than expected to complete.

Customer destocking has hit the latest figures for set top box technology company Aferian (LON: AFRN) and forecast 2021-22 pre-tax profit has been cut from $11.3m to $7.7m. Software revenues are increasing, though. Next year’s pre-tax profit forecast has been cut by a similar amount to $9.2m. The cost of higher stocks will reduce the cash pile. The shares slumped 32.7% to 87.5p.

Insig AI (LON: INSG) has drawn down a further £260,000 from the convertible loan facility provided by Richard Bernstein. There is still £390,000 available under the agreement. The interest charge is 5% a year from the date of draw down and the conversion price is 35p a share. The facility is repayable at the end of June 2023. The share price slumped by 28.3% to 19p after the latest draw down.

Shares in BlueRock Diamonds (LON: BRD) fell 26.3% to 5.25p after the announcement of the third quarter production update. Third quarter production fell from 7,682 carats to 5,145 carats because of a reduction in grade and poor plant performance. Full year guidance has been changed from 20,000-24,000 carats to 20,000-22,000 carats. Discussions continue concerning the £462,500 convertible loan due for repayment on 16 October.

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