Phoenix Digital (LON: PNIX) is benefiting from the rise in cryptocurrency values. At the end of March 2024, NAV was £74.5m, equivalent to 7.38p/share. The NAV was 4.67p/share at the end of 2023. The NAV could be reduced by up to 1.1p/share due to a tax charge, but the shares, up 6.85% to 3.9p, are still trading at discount of more than two-fifths.
FALLERS
Selling on Friday led to a 51.9% slump in the Voyager Life (LON: VOY) share price to 4.5p. This comes at a time when a merger with Northern Leaf, which involves a share issue.
Cadence Minerals (LON: KDNC) has raised £500,000 at 3p/share. The new shares come with a warrant exercisable at 5p. The cash will be invested in the Amapa iron ore project in Brazil. The share price dived 20.9% to
Coinsilium Group (LON: COIN) has launched a new series of Web3 industry reports. These will provide a greater understanding of the Web3 space and the blockchain technology underpinning it. The share price fell 16.3% to 2.05p.
Brewer Adnams (LON: ADB) says it continues to explore ways of raising funds, including a share issue or sale of freehold assets. The share price dipped 13.3% to £19.50.
First York has put 12 new buses into services that feature the Equipmake (LON: EQIP) electric powertrain. This follows a trial with a convertible prototype vehicle. The share price declined 8% to 5.75p.
Tap Global Group (LON: TAP) chairman David Hunter bought an initial 148,347 shares at 1.35p each. The share price slipped 3.7% to 1.3p.
In the year to September 2023, spirits brands owner Rogue Baron (LON: SHNJ). Revenues grew from $146,000 to $284,000, while the loss increased from $606,000 to $$637,000, although it was lower before exchange differences. Net debt was $165,000 at the end of September 2023. The figures are for a period before than $1m invested in the main subsidiary by a US investor, which will have a 22.2% stake in that company. The share price fell 3.5% to 0.415p.