Aquis weekly movers: Coinsilium terminates Indorse share subscription

Valereum (LON: VLRM) has completed the acquisition of GSX Group and the share price recovered 24.2% to 5.65p, which is the highest since May.


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Coinsilium (LON: COIN) says it has ended negotiations with 10.2%-owned Indorse over a further share subscription. Work on a collaboration to develop and launch the Byzant Ecosystem. The Testnet version should be ready by the end of March. The share price dipped 12.5% to 1.75p.

Interim figures from DXS International (LON: DXSP) show a 2.5% improvement in revenues to £1.69m, while higher amortisation charges led to an increased loss of £258,000. The healthcare IT company hade £386,000 in cash at the end of October 2023. Hybridan has trimmed its full year revenues forecast to £3.8m and expects a 2023-24 loss.  The share price fell 11.9% to 1.85p.

Helium Ventures (LON: HEV) had cash of £116,000 and net assets of £229,000 at the end of October 2023. There were costs relating to the cancelled acquisition of Trackimo. There is still an investment in Trackimo, which is expected to float on AIM. The share price decreased 8.89% to 5.125p.

Hydrogen Future Industries (LON: HFI) had a cash outflow from operations of £963,000 in the year to July 2023. Cash was reduced to £262,000. The company is making progress with the testing of wind turbine technology and its electrolyser technology. The wind turbine technology has better performance, so far, than existing rivals. A mining sector feasibility study for hydrogen and clean water production has commenced. The share price slipped 5.26% 5.26% to 4.5p.

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Capital for Companies (LON: CFCP) increased revenues from £492,000 to £887,000 in the year to August 2023. NAV was 81.99p/share. It was 81.67p/share at the end of November 2023. There was cash of £1.99m and loan receivables of £2.43m at the end of August 2023. A final dividend of 2p/share is payable on 8 March. The share price decreased 3.57% to 67.5p.

KR1 (LON: KR1) had NAV of 109.91p/share at the end of 2023. Income from digital assets was £1.58m in December. The current share price is down 3.11% to 78p.

Shaun Hinds will become chief executive of Newbury Racecourse (LON: NYR) on 3 June. Julian Thick has stepped down as chief executive. Mark Leigh will be interim chief executive. The share price fell 2.7% to 540p.

Cadence Minerals (LON: KNDR) investee company Hastings Technology Metals has signed an agreement with the investment agency of Estonia to collaborate on a joint scoping study for the potential development of downstream rare earth processing opportunities. The main focus is the Yangibana project. The share price declined 2.5% to 9.75p.

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