There was a spike in trading in Galantas Gold (LON: GAL) shares on Friday. This propelled a 125% gain to 62p. There were 2.91 million shares traded.
Skin treatments developer SkinBioTherapeutics (LON: SBTX) shares rebounded 56.3% to 12.5p following the appointment of Rachel Parsonage as interim chief executive. The share price is still one-fifth lower this year.
RockRose Energy has acquired 2.3% of Deltic Energy (LON: DELT), for which its parent company Viaro Energy has made a recommended offer of 7.46p/share. The deal is dependent on approval by the UK authorities. The share price recovered 50% to 5.25p.
Synergia Energy (LON: SYN) says production from two wells on the Cambay PSC (WI: 50%), onshore India, averaged 78 barrels of oil/day in February and so far in March it has increased to 195 barrels of oil/day. The C-77H gas well is producing around 500,000 scf/day. The share price rose 42.9% to 0.01p.
FALLERS
General Motors has informed Surface Transforms (LON: SCE) that is re-sourcing supply of brake discs. This contract generated £15.3m in 2025, which was 84% of group revenues. The contract was expected to last until 2030. General Motors has provided advanced payments and financial support of £14.4m. The company has not yet spoken directly to General Motors. The contract loss is a major blow and Surface Transforms will employ corporate restructuring advisers. The share price slumped 93.8% to 0.125p.
FRP Advisory has been appointed as administrator of video streaming technology group Aferian (LON: AFRN) and it has sold the subsidiaries of the company to Sapphire Technology Group for $1.3m, plus $700,000 of deferred consideration payable in January 2027 if the annual revenues of the subsidiaries are at least $30.6m and annual recurring revenues are greater than $8.9m. The outstanding debt of Aferian is $16.5m. The share price slid 35.3% to 0.55p.
Alba Mineral Resources (LON: ALBA) addressed rumours that earn-in rights for the Finnsbo project in Sweden have been terminated. Alba says it has fulfilled its obligations under the deal. Alba recently raised £800,000 at 0.02p/share and some of the cash will fund completion of the assay programme at the Finnsbo gold copper rare earths project in Sweden. Alba says that it has earned its 25% stake and further spending will increase this to 51%. The cash will also fund drilling at the Clogau gold mine and processing of ore, as well as upgrading the processing plant, and an updated mineral resource for the Motzfeldt critical metals project in Greenland. The share price fell 30.8% to 0.018p.
Central Asia Metals (LON: CAML) says the estimated life of its Sasa zinc and lead mine in North Macedonia is up until 2034 and this five year reduction of the mine life will lead to a non-cash impairment charge of up to $120m. The ore body has become more variable and knocked profitability. Exploration may help to extend the mine life. The company says that its dividend policy will not change. There was more than $80m in cash at the end of 2025. Full year results will be published on 19 March. The share price declined 26.4% to 176.2p.