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Aquis weekly movers: Daniel Thwaites edges up revenues

Brewer Daniel Thwaites (LON: THW) increased full year revenues by 6% to £115.5m. The main growth was in the pubs and inns division. Operating profit before property disposals improved 4% to £11.3m. The interim dividend was raised from 0.75p/share to 0.85p/share. Net debt increased from £66.7m to £70.8m at the end of March 2024. The pension surplus rose to £34.9m. The share price recovered 11.85 to 85p.

Tap Global Group (LON: TAP) has launched its US service via its joint venture with Zero Hash. This operates a B2B2C crypto and stablecoin infrastructure platform and the US users will get access to a core suite of services to trade bitcoin and other digital assets. The share price rose 11.1% to 1p.

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Renewable energy technology company Time to Act (LON: TTA) joined the market on 29 May and the share price had stayed at 50p until last week when an uptick in trading activity meant that it increased 10% to 55p.

EDX Medical (LON: EDX) is launching comprehensive hereditary germline cancer testing products and services. These will predict if family members are more at risk of contracting cancer. The first test identifies mutations in 70 genes associated with cancers. The share price improved 10% to 8.25p.

Invinity Energy Systems (LON: IES) has secured the sale of a 4.4MWh vanadium flow battery to PowerFlex in the US and it will help to underpin the 2024 forecast revenues of £37.3m.  The deal is for California where there is significant demand for storage batteries. The share price is 3.9% higher at 20p.

FALLERS

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TruSpine Technologies (LON: TSP) chairman Geoffrey Miller has increased his stake from 8.24% to 9.22%. Another shareholder transferred 1.5 million shares at 1.5p each. The share price dipped 36.4% to 1.75p.

Skin treatments developer Incanthera (LON: INC) has completed the recent fundraising at 15p/share. Unicorn Asset Management has taken a 11.4% stake.  The share price slipped 10.9% to 24.5p, but it is still 253% ahead this year.

Health food company Essentially Group (LON: ESSN) has received approval for the listing of $25m of 12% fixed rate notes 2027 on the Vienna MTF. This cash will fund capital investment. The share price fell 5.56% to 42.5p.

Marula Mining (LON: MARU) is seeking admission to the Growth Enterprise Market Segment of the Nairobi Securities Exchange in July. This will provide access to institutional investors in Kenya. Initial spodumene sales of 500 tonnes have been made from the Blesberg site. The export sales process will complete in the next four weeks. Minimum sales target of 10,000 tonnes should be achieved for 2024. Other buy-products could be sold later in the year. The share price declined 4.55% to 7.875p.

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