Shares in AI software developer Pri0r1ty Intelligence (LON: PR1) rebounded 107% to 7.25p following yesterday’s announcement of a contract worth up to £100,000. Pri0r1ty will develop an AI-powered information hub and website for charity Leukaemia Care.
Guardian Metal Resources (LON: GMET) has completed a positive site assessment of the Tempiute tungsten project in Nevada, which is near to its Pilot Mountain tungsten project. The company has an option to acquire the Tempiute tungsten project. The share price improved 24.2% to 41p.
Concierge services provider Ten Lifestyle Group (LON: TENG) improved interim profitability despite additional costs for setting up an extra-large contract in the US. Investment in digital and automation technology improved efficiency. Revenues were 3% ahead at £31.8m and growth should accelerate in the second half and full year pre-tax profit is expected to improve from £3.1m to £3.8m. The share price increased 24.2% to 69.25p.
Chariot (LON: CHAR) owns 49% of Etana Energy, the South African electricity trading platform, which has secured up to $75m in guarantee financing and equity from Standard Bank and Norfund. This enables the financial close of the 75MW Du Plessis Dam solar energy project. A 20-year power supply agreement has been signed for the project. The equity funding in Etana Energy, values Chariot’s stake at 2.1p/share. The share price rose 21.9% to 1.706p.
FALLERS
Telematics company Trakm8 (LON: TRAK) says anticipated business for the fleet and optimisation operations has not come through. One particular optimisation contract is not going to happen. This means that full year revenues will fall by nearly 10% from the 2023-24 level of £16.1m and there will be a bigger impact on profitability. The share price slumped 45% to a new low of 2.75p.
Berenberg reduced its recommendation for Big Technologies (LON: BIG) from buy to hold following the suspension of chief executive Sara Murray due to concerns about the litigation concerning Buddi. The board says that it is aware of information that means it cannot rely on the statement signed by Sara Murray relating to her relationship with four companies holding 17.7% of Big Technologies when it floated in July 2021. The investigations continue. The share price dived 38.3% to 64.2p.
Brazil-based fertiliser producer Harvest Minerals (LON: HMI) delivered 37,186 tonnes of KP Fertil in 2024. A further 3,692 tonnes has been invoiced but not delivered. The company expects to deliver 70,000 tonnes in 2025. The agricultural market in Brazill is hampered by higher costs and lower commodity prices that have affected demand for fertiliser. A strategic review is underway. The share price slipped by one-third to 0.4p.
URU Metals (LON: URU) directors have passed a resolution to split one existing share into 25 new shares. This will happen on 24 March. The share price fell by one-quarter to 105p.