Aquis weekly movers: Cryptocurrency boost for Phoenix Digital

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.


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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.

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