Hot Rocks Investments (LON: HRIP) shares rose 80% to 0.225p on the back of an investment in Oscillate (LON: MUSH) to help it finance the acquisition of Quantum Hydrogen. The investment company is buying shares in Oscillate at 1p each and they come with a warrant exercisable at 2p.
Shares in Coinsilium (LON: COIN) recovered 16.7% to 1.75p. Interim revenues slumped to £3,000, but the digital services provider did move from loss to profit. That was due to a net fair value gain on financial assets of £336,000. Cash was £430,000 at the end of June 2024.
Igraine (LON: KING) had £84,000 in the bank at the end of June 2024, following an interim loss of £67,000. The board is evaluating new opportunities. The share price rose 11.1% to 0.25p.
Valerium (LON: VLRM) has launched VLRM Capital Management in Gibraltar and it will act as director of VLRM Capital Management VSA Private Fund. The fund will use volume spread analysis to generate returns. Valerium chairman James Formolli has invested £1m in the fund. The share price improved 11.1% to 7.5p.
Marula Mining (LON: MARU) has updated its mine development plan for the Kinusi copper mine in Tanzania. The infrastructure is suitable to support open pit mining and two-phase copper processing operation to produce copper cathode. The share price edged up 8.77% to 7.75p.
Wishbone Gold (LON: WSBN) is receiving A$55,000 from the Western Australian government towards exploration of the Nullagine tenements at Mosquito Creek. The share price increased 6.25% to 0.425p.
Invinity Energy Systems (LON: IES) joint venture development partner Gamesa Electric has ordered a 1.2MWh Mistral battery for a solar and wind generating site in Spain. This was announced at the same time as the interims, which were already well flagged. Interim revenues were £1.6m and the cash outflow from activities was £12.4m. The share price rebounded 2.8% to 9.25p, having been as high as 10p.
Phoenix Digital Assets (LON: PNIX) had net assets of 5.07p/share at the end of June. The share price improved 1.15p to 4.4p.
FALLERS
There were 2.62 million Visum Technologies (LON: VIS) shares traded on Wednesday and that led to a 72.7% decline in the share price to 0.15p.
Skin treatments developer Incanthera (LON: INC) says the initial launch of the SKIN + Cell is being expanded and the products will be in the European retail network of Marionnaud sooner than originally planned. That is 1,200 outlets and this should be enough to move Incanthera into profit. Full timing of the launch is still being discussed. There are also plans for additional products. The share price slipped 11.6% to 23.7p.
Voyager Life (LON: VOY) says that M3 Helium, which it has an option to acquire, plans a second frack on the Nilson well. This is a fully funded programme with investors providing $170,000 for a 25% interest in the well. The share price fell 7.14% to 3.25p.
Ormonde Mining (LON: ORM) says cash decreased by €769,000 in the first half of 2024. Net assets were €5.06m at the end of June 2024, with cash of €1.54m. The share price declined 4.44% to 0.215p.