DXS International (LON: DXSP) chairman Bob Sutcliffe bought 35,000 shares at 1.3p each and he owns 1.8% of the healthcare IT developer. Earlier in the week, Hybridan published updated research and said that “management is focused on cashflow control until new NHS sales resume, when there could be significant revenue growth”. It argues that this is not reflected in the current share price. The share price increased 55% to 1.55p.
Substrate Artificial Intelligence (LON: SAI) says the general meeting agreed the distribution of the reserve for share premium and 93.9% of A shareholders have opted to take Subgen AI shares rather than cash. The B shareholders are all taking Subgen AI shares. The A share price rose 31% to 27.5p.
Mendell Helium (LON: MDH) has an option to acquire M3 Helium, which has acquired 85% interests in three further wells on the western side of the Hugoton gas field in Kansas. Two of the wells are in production and the third could be used as a water disposal well, which will reduce costs. No consideration is payable. The wells are breaking even. The share price improved 23.1% to 4p.
Supernova Digital Assets (LON: SOL) says the share capital reduction is effective. A share buyback is planned. The share price is 12.8% higher at 0.265p.
Fuel additives supplier SulNOx (LON: SNOX) has generated revenues of £440,000 in the first half, up from £136,000 last time. There were record volumes sold. Cash was £804,000 at the end of September. The share price rose 7.69% to 49p.
FALLERS
Jack Keyes has decided not to join the board of Oscillate (LON: MUSH) as technical director. He is still undertaking hydrogen exploration work for the company. The share price slumped 22.7% to 0.85p. The recent fundraising was at 1p.
Ormonde Mining (LON: ORM) investee company TRU Precious Metals, where it owns 36.3%, has announced results of copper exploration at the Golden Rose project in Newfoundland. Copper grades were up to 3.7% and some samples included zinc. The Ormonde Mining share price dived 20.8% to 0.19p.
In the year to February 2024, Asia Wealth Group (LON: AWLP) reduced its loss from $188,000 to $108,000. The board is seeking acquisitions in wealth management and clean energy sectors. The share price fell 12.5p to 17.5p.
Wind-based hydrogen production technology developer Hydrogen Future Industries (LON: HFI) says turbine testing has been delayed because of a fault in the control unit. Replacement parts should arrive by the end of the month. Schneider Electric is providing software to help analyse data for the feasibility study at Whitehall in Montana. Concept testing of the electrolyser continues, and efficiency is more than 97%. Neil Ritson has become executive chairman. The share price declined 7.69% to 1.5p.
ProBiotix Health (LON: PBX) company secretary Mark Collingbourne has acquired 80,000 shares at 5.5p each. The share price dipped 6.9% to 6.75p.