Last week’s trades in Hydrogen Utopia International (LON: HUI) were predominantly sells, although the total amount traded was less than £100,000. The share price fell 24% to 5.625p. In January, when the company joined Aquis, it raised £3m at 7.5p a share.
Gunsynd (LON: GUN) has made a further investment in ASX-listed Charger Metals NL. Gunsynd has invested A$175,000 at 50 cents a share, as part of a larger fundraising of A$5.5m. Gunsynd will own 5.12% of Charger Metals. The share price fell 14.3% to 0.45p.
Aquis Stock Exchange owner Aquis Exchange (LON: AQX) expects to have a strong second half. Aquis Exchange, which is also quoted on AIM, reported interim revenues 21% ahead at £8.3m, although profit was lower due to investment in the technology business. The share price fell 11.5% to 345p on the back of these results. The Aquis Stock Exchange is profitable. The technology division has won contracts that will boost the second half – as well as 2023 – and full year pre-tax profit is expected to rise from £3.2m to £4.2m. The second half will also benefit from the relaunch of the former UBS dark pool trading operation. This should help to rebuild the company’s market share of equity trading.
Quetzal Capital (LON: QTZ) says that investee company Tap Global Ltd has exceeded 100,000 registered users on its crypto-fiat exchange service platform. Quetzal Capital has invested £1.5m in Tap Global convertibles and has an option to acquire the company. The shares fell 7.69% to 3p.
Gold explorer Tectonic Gold (LON: TTAU) says that drilling at Specimen Hill in Queensland has intersected mineralisation earlier than expected. The drilling programme should recommence in October. The share price declined 2.86% to 0.85p.
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RISER
Asimilar Group (LON: ASLR) director Mark Horrocks subscribed for 3.15 million shares at a warrant exercise price of 1p. He owns 7.63% of Asimilar. The share price has risen by 12.5% to 6.75p.
Metals recycler Majestic Corporation (LON: MCJ) reported its maiden interim results as an Aquis company. Revenues fell 17% to $12.9m, but gross margins increased, and pre-tax profit improved from $766,000 to $980,000. There was $2.7m in the bank at the end of June 2022. The share price rose 1.69% to 30p, compared to a flotation price of 25p.
