Shares in healthcare IT software provider DXS International (LON: DXSP) continue to rise following the previous week’s interim figures and the purchase by chairman Bob Sutcliffe of 50,000 shares at 2p each and 37,037 shares at 2.7p each. He followed this up last week with the acquisition of 15,000 shares at 2.9p each. He owns 1.96% of the company. The share price jumped 47.7% to 3.25p. This is the highest the share price has been for more than three years.
Fenikso (LON: FNK) has received a further $418,000 in repayment of a loan to Lekoil and Gas Investments. This will go towards reducing the loan from Savannah Energy Investments, which is currently $11.7m. Fenikso also has cash and investments of more than $6.5m. The share price rose 7.14% to 1.5p.
Shepherd Neame (LON: SHEP) chairman Richard Oldfield bought 7,541 shares at 517.5p each and then 42,459 shares at 519p each. The share price improved 5.83% to 545p.
Eight Capital Partners (LON: ECP) converted its 4.8% bond into shares and consolidated 4,000 shares into one new share. The shares started the week at the equivalent of 112p and ended it at 115p.
Valereum (LON: VLRM) says that the strategic investment with DMC Markets Inc is nearing completion. The share price edged up 1.75% to 29p.
FALLERS
Phoenix Digital (LON: PNIX) has secured a credit facility of up to $2m with AMINA Bank. The annual interest charge is SOFR plus eight percentage points. This will fund the business and enable it to retain its cryptocurrency investments. The share price declined 24.4% to 4.8p.
Marula Mining (LON: MARU) revealed metallurgical testing and plant optimisation studies for the Kilifi manganese processing plant. This confirms that Kalifi can produce saleable product of up to 40% manganese with slight modifications to equipment. These modifications are underway. Marula Mining has drawn down £250,000 from its facilities with AUO Commercial Brokerage and issued 6.67 million shares at 3.75p each in consideration. Assays from copper ore samples taken from the Kinusi copper mine in Tanzania show an average grade of 21.5% copper. The share price slid 18.2% to 4.5p.
The exercise of warrants in Coinsilium (LON: COIN) raised £41,000 at 3p/share. The share price fell 10.7% to 3.75p.
KR1 (LON: KR1) had an NAV of 77.81p/share at the end of 2024. The digital assets generated income of £946,000. The two largest holdings are in Celestia and Polkadot, which account for two-fifths of the digital assets portfolio. The share price declined 10.5% to 55.5p.
WeCap (LON: WCAP) increased its direct shareholding in WeShop to 5.189 million shares or 16.2%, after the end of October 2024. WeShop plans to list in the US and its most recent share issue was at 476p/share. That would value the stake at £24.6m. Ther is also a stake in Bio2pure. In December, WeCap raised £172,000 at 0.85p/share. The share price slipped 4.17% to 1.15p.
Constantine Logothetis has increased his shareholding in SulNOx Group (LON: SNOX) to 26.8%. Non-executive director Nicholas Fairfax sold 21,750 shares at 72.5p each. The share price is 2.42% lower at 80.5p.