Aquis weekly movers: Hydrogen Utopia International joint venture

AIM-quoted Powerhouse Energy (LON: PHE) is planning to enter a 50/50 joint venture with Hydrogen Utopia International (LON: HUI) to develop a plant using non-recyclable waste plastic to produce hydrogen in Poland. Hydrogen Utopia International will be allowed to recover its costs of €250,000 with a €250,000 premium. This agreement is similar to the one between the companies for the proposed Tipperary plant, which will be built on a site leased by Trifol Resources. The Hydrogen Utopia International rose 8.33% to 9.75p.

Diesel emission reduction additives supplier SulNOx Group (LON: SNOX) increased revenues from £18,000 to £34,000 in the year to March 2022. There was £1.07m in cash in the balance sheet, although this fell to £604,000 by the end of June 2022. Revenues should develop this year. The share price is 3.03% higher at 17p.

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Thixotropic gels manufacturer Unigel Group (LON: UNX) joined the Access segment of the Aquis Stock Exchange. The gels are used in the fibre optic industry. There was £800,000 raised at 64p a share. The share price ended the day at 65p.



A sharp rise in share trading in medicinal cannabis company Apollon Formularies (LON: APOL) has led to the share price slumping 42.4% to 0.95p. There were no trades from 1 August until 24 August when 132,500 shares were traded at 0.5p. There were 125,000 shares traded at 1p a share over seven transactions.

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Wishbone Gold (LON: WSBN) has secured an option to acquire the Anketell gold copper project, which is north of the company’s Red Setter project in Western Australia. The option payment is £25,000. The consideration would be £50,000 in cash and 2.17 million shares at 14.75p each. The share price fell 21.9% to 12.5p.

Quetzal Capital (LON: QTZ) says investee company Tap Global Ltd has launched a Crypto-as-a-Service product. This will enable regulated banks and financial service companies to offer cryptocurrency trading services to clients. The share price was 1.3% lower at 3.8p.

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