Light Science Technologies (LON: LST) shares have been on a downward trajectory for more than one year and they reached a level where they bounced back last week. There were 785,490 shares traded on Friday, which is the most in a single day since 8 November. The share price jumped by 64.3% to 5.75p. Even so, the share price is only back to the level it was at the end of November 2022 and two-thirds lower than at the beginning of 2022.
Quantum Blockchain Technologies (LON: QBT) continued it rise following the previous Friday’s announcement that it has recruited Dr Lov Kumar Grover to help it develop methods to mine Bitcoin more cheaply and efficiently. The share price 61.5% higher at 2.1p.
Russia-focused oil and gas company Petroneft Resources (LON: PTR) has recovered some of the loss after it reported drilling delays. The share price moved up by 50% to 0.45p.
Cleantech Lithium (LON: CTL) rose 40.3% to 52.2p on the week after management made an online presentation about the business.
Velocity Composites (LON: VEL) shares improved by 38.2% to 52.5p ahead of the full year figures on 24 January.
Physiomics (LON: PYC) signed a further contract with Cancer Research UK to provide mathematical modelling for a clinical trial of a candidate for the treatment of blood cancers developed by Aleta Biotherapeutics. The project will be completed in the first quarter of 2023. The company completed an observational trial run by the University of Portsmouth that collected data from prostate cancer patients treated with docetaxel. The data will help clinicians make decisions about dosage. The share price jumped by 37.1% to 4.25p, although it had been 6.45p during the week.
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Fallers
Video games publisher Frontier Developments (LON: FDEV) had a poor end to 2022 and it has downgraded guidance for the year to May 2023. This is down to a poor performance by F1 Manager 2022. The share price dived 54.8% to 451.5p. Full year revenues guidance has been reduced from £135m to £100m-£114m. Interim revenues will be 16% higher at £57m and second half revenues will be lower than the corresponding period last year. Cash was £42.6m at the end of November 2022. Management is considering the future of the Frontier Foundry games label.
Customer engagement software provider Pelatro (LON: PTRO) shares fell sharply after it revealed that delayed contracts will reduce 2022 revenues. The share price was 44.1% lower on the week at 6.5p. Dowgate has reduced its 2022 revenues forecast by $2.4m to $5.8m, which means that there will be a loss of $2.6m. One licence contract is being changed to a managed services contract and revenues from another contract will be taken in 2023. Pelatro may withdraw from another contract and that would mean a $300,000 provision.
Spirits company Distil (LON: DIS) says third quarter revenues almost halved to £411,000. The removal of the UK distributor and stock reductions hit the period. Full year revenues will be worse than expected. The share price slumped by 38.8% to 0.55p.
