Guanajuato Silver Company Ltd (LON: GSVR) was the best performer of the week with a 31.5% gain to 35.5p, which is its highest level since trading started on the Aquis Stock Exchange. The silver explorer announced positive drilling results at the San Ignacio mine Some of the drilling has encountered high grades. There could be a new area of thick mineralisation. This will help to extend the mine life.
Cannabis supplier Ananda Developments (LON: ANA) says preparations are underway for a medicinal cannabis flower processing facility. The MRX1 cannabidiol medical cannabis oil will be launched commercially in June and it may be used in two randomised controlled trials. The share price is 30.6% ahead at 0.64p.
NFT Investment (LON: NFT) has announced a general meeting on 26 May to gain shareholder approval for a proposed tender offer by April 2024. The tender will be for up to 857.1 million shares and the price will be the greater of 3.5p a share or NAV for each share. The share price is 23.3% higher at 1.85p.
Invinity Energy Systems (LON: IES) has been awarded an £11m grant from the UK government under phase 2 of the Longer Duration Storage Demonstration competition. This will deploy a 30MWh vanadium flow battery. The share price is 18.8% higher at 41p.
The Gunsynd (LON: GUN) share price improved by 14.3% to 0.4p on the back of limited share trading. Investee company Omega Oil and Gas (ASX: OMA) says initial results from the Canyon-2 well in Queensland have exceeded expectations.
Cadence Minerals (LON: KDNC) investee company Evergreen Lithium joined the ASX on 11 September. Cadence Minerals, whose share price is 6.96% higher at 10.375p, has 8.74% stake in Evergreen Lithium and the share price nearly doubled to A$0.57 during the week.
After the market closed on Friday Arbuthnot Banking (LON: ARBB) announced a £12m share issue at 925p a share. Prior to that the share price had risen by 0.3% to 965p. Chairman and chief executive Henry Angest will invest £6.75m of that money. The cash will be used to grow the loan book.
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Fallers
Marula Mining (LON: MARU) has entered into commercial agreements for its investments in Tanzania projects. Takela Mining is the partner for the Nyorinyori and Bagamoyo graphite projects and Kusini Gateway Industrial Park Ltd for the Bagamoyo graphite project. The share price fell 10.8% to 11.375p.
Shareholders in Apollon Formularies (LON: APOL) have agreed to the disposal of selling IP assets to Canada-listed Global Hemp Group for $250,000 in cash and 10 million shares in the acquiror at C$0.015 each, as well as a new investing strategy. Global Hemp is continuing its due diligence. The share price declined by 9.76% to 0.185p.
EPE Special Opportunities (LON: EO.P) had an NAV of 309.57p a share at the end of March 2023. The share price slipped 5.88% to 160p.