Aquis weekly movers: Hydrogen Future Industries commences testing

Hydrogen Future Industries (LON: HFI) shares jumped by 23.8% rise to 6.5p. The wind and water-based green hydrogen production systems developer has commenced prototype testing of the wind element of the system. The wind turbines are designed to be more efficient, and the tests will show whether they achieve expected power output.  

Ananda Developments (LON: ANA) shares rose 8.7% following its interim figures. Management says that it hopes to update the market on the acquisition of the 50% it does not own in cannabis grower DJT Plants. Trials are being undertake on growing cannabis in natural season, which will reduce capital requirements and costs.

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Cooks Coffee Company Ltd (LON: COOK), which was already quoted on the New Zealand Stock Exchange, joined Access segment of Aquis on 2 November at 20p a share. The share price rose to 21.5p (20p/23p) by the end of the week. There were no trades during the week. The company owns the Esquires Coffee and Triple Two Coffee brands. It has 111 outlets around the world, including 70 in the UK, making it the largest franchise café chain in the UK. Elena Garside has been appointed as a non-executive director.

Quetzal Capital (LON: QTZ) has a conditional agreement to acquire the shares it does not own in TAP Global for 450 million shares. The deal requires a fundraising to finance the enlarged group. This has led to the suspension of trading in Quetzal Capital shares. The share price rose 7.94% to 3.4p before the suspension.

Quantum Exponential Group (LON: QBIT) investee company Universal Quantum says its German subsidiary has been commissioned by the German Aerospace Centre to build a fully scalable trapped-ion quantum computer. This follows projects supported by the UK government. Non-exec director Nigel McNair Scott has acquired 500,000 shares at 2p each, 1.5 million shares at 1.966p each and 500,000 shares at 1.95p each. The share price is 6.33% higher at 2.1p.

Cadence Minerals (LON: KDNC) says the Amapa ore reserve estimate supports a 15-year mine life and Cadence has increased its stake in Amapa to 30% by converting loans and capitalising management and admin contributions. Investee company Evergreen Lithium is moving towards an ASX listing. The share price is 3.6% higher at 9.22p.

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Brewer Shepherd Neame (LON: SHEP) director Richard Oldfield is continuing to buy shares. He acquired at total of 9,500 shares at 680p each. The share price rose 2.22% to 690p.

Brewer Daniel Thwaites (LON: THW) more than doubled interim pre-tax profit from £7.5m to £15.7m, although most of the improvement came from a gain on interest rate swaps of £7.6m, up from £500,000, due to higher interest rates. Turnover was 21% ahead at £57.9m, although trading was disrupted in the corresponding period. Net debt was £61.1m at the end of September 2022. The performance of pubs is mixed, and beer volumes are not back to past levels. Higher hotels revenues were more than offset by increased costs. The share price improved 1.49% to 102.5p.



VVV Resources Ltd (LON: VVV) raised £241,000 at 20p a share and every four shares come with a warrant exercisable at 50p a share. The share price slumped 55% to 22.5p because of the placing’s large discount to the market price. VVV Resources has a conditional agreement to acquire 100% of the Mitterberg copper project in Austria and 49% of the Shangri La polymetallic project in Western Australia.

Shares in Gowin New Energy (LON: GWIN) have fallen to a new low of 0.008p, down 23.8% on the week. The repayment dates of shareholder loans have been extended to 2024.

Valereum (LON: VLRM) has gained regulatory approval for the acquisition of the Gibraltar Stock Exchange and the deal should be completed in the first quarter of 2023. Smaller companies in the Middle East, India and Africa. The plan is to attract An NFT strategy will be launched next year. Simon Brickles is chairman of the Gibraltar Stock Exchange, and he will join the Valereum board. There has been the conversion of £130,000 of the funding facility into shares. There is an outstanding balance of $2.35m. The share price declined by 17.9% to 13.75p.

Invinity Energy Systems (LON: IES) is undertaking a capital reorganisation in order to be ab le to issue shares under option at below the current nominal value. The share price slipped 16.7% to 22.5p.

KR1 (LON: KR1) admits that the digital asset market is still in a prolonged downturn. There is longer-term optimism and revenues have staking activities have provided a source of income. There are still plenty of early-stage opportunities. KR1 shares fell 12.4% to 39p.

Vulcan Industries (LON: VULC) has issued interims to September 2022. Revenues increased from £491,000 to £1.23m and the loss was slightly lower at £547,000. The group will be different when the acquisition of Peregrine X goes ahead. The shares declined 2.3% to 0.85p.

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