Aquis weekly movers: Hydrogen Utopia delays Main Market switch

Asimilar (LON: ASLR) has bounced back by 15.4% to 1.875p, following the share price slump in the previous week because investee company Dev Clever (LON: DEV) is leaving the standard list. However, there were no trades reported.

Hydrogen Utopia International (LON: HUI) will not be able to retain its Aquis quotation when it moves to the standard list. The move has been delayed until the publication of a supplementary prospectus. Even so, the share price rose a further 7.77% to 13.875p.

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Wishbone Gold (LON: WSBN) has commenced a Magneto Tellurics survey on its interests in Western Australia. Once the survey is completed there will be a further six weeks before the data is analysed. This will help to choose where to drill next year. The share price increased by 4.35% to 4.8p.

The NHS is encouraging the use of the medical cannabis registry, and this helped add 1.94% to the share price of Ananda Developments (LON: ANA) and it ended the week at 0.525p. The acquisition of the remaining stake in DJT Group has been completed so Ananda Developments’ core business is growing and providing medicinal cannabis.



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British Honey Company (LON: BHC) has published its 2021 accounts and the latest interim results, enabling trading in the shares of the craft spirits producer to recommence. The share price slumped by 44.4% to 19.75p. In 2021, revenues were £7.96m, but an impairment of the value of the United Distillers business, which is being integrated, meant that the loss was £11.9m. Interim revenues edged up from £2.99m to £3.04m, while the underlying operating loss increased from £1.31m to £1.96m, while there was an exceptional reorganisation cost of £396,000. Annualised cost savings of more than £1m are anticipated.  

Coinsilium Group Ltd (LON: COIN) investee company Greengage Global Ltd is launching an e-money account service in January. The company generated more than £1m in revenues this year. The share price fell 8.57% to 1.6p and it is two-thirds down on the start of the year.

AQRU (LON: AQRU) has acquired an investment in LawBEAM Ltd, which is a legal practice focusing on digital assets. LawBEAM will offer tech-enabled advice to organisations around the world. A new platform is under development and will be launched in 2023. The share price fell 6.8% to 0.685p.

Fuel consumption and emissions reduction additives developer SulNOx Group (LON: SNOX) raised £7650,000 at 11.5p a share. Nistad AS increased its shareholding to 13.1%, and it will introduce SulNOx products to the Scandinavian shipping market. The share price dipped 2.08% to 11.75p.

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