Aquis weekly movers: EDX Medical reverses into TECC Capital

EDX Medical (LON: EDX) completed its reversal into shell TECC Capital in a deal valued at £12m and £1.2m was raised at 6p a share. The share price returned from suspension and increased by 64.1% to 5.25p, but it is still below the placing price. EDX Medical develops digital diagnostic products and service for cancer, heart disease, neurology and infectious diseases.  

Watchstone Group (LON: WTG) has agreed settlement terms with former auditor KPMG. The final payment is £4.95m. Net assets were £11.4m at the end of June 2022, which was mainly cash. The share price increased by 11.5% to 29p, which values Watchstone at £12m.

- Advertisement -

Tectonic Gold (LON: TTAU) has recommenced drilling at the Specimen Hill project in Queensland. This is drilling below a previous mine and one result was 8.17g/t gold over one metre in distal veins. A shortage of drilling rigs delayed the restart. The drilling should be completed in a fortnight. The share price rose 3.45% to 0.75p.

Wishbone Gold (LON: WSBN) has exercised its option to acquire the Anketell gold-copper project in Western Australia. This cost £320,000 in shares at 14.75p a share and £50,000 in cash. The share price edged up 0.7% to 7.2p.



- Advertisement -

Web3 gaming and infrastructure company Pioneer Media Holdings Inc (LON: PNER) has closed the first tranche of the previously announced placing and this raised C$580,000 at C$0.10 a unit – one share and 0.5 of a warrant exercisable at C$0.25. This is a huge discount to the market price. The share price slumped 14.3% to 30p. This cash will finance technology development and working capital. Olivia Edwards has been appointed to the board.

Diesel additives supplier SulNOx Group (LON: SNOX) has secured an order in South Africa and a repeat order in Costa Rica. Agriculture has proved to be a large customer base. Even so, the share price fell 8.77% to 13p. NFT Investments (LON: NFT) continues to trade well below its NAV and it fell a further 2.63% to 0.925p. Some of the assets are held in cryptocurrency, so the recent declines may have reduced the stated NAV.

Latest News

Subscribe to the UK Investor Magazine email newsletter

Register for our free email newsletter and receive the latest investment news, podcasts, event information and offers.

More Articles Like This

Tagdiv Cloud library - template content.