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Aquis weekly movers: Incanthera moves to Apex segment

Ananda Developments (LON: ANA) has extended the term of Mark Ling as senior statutory auditor for the cannabis-based medicines developer. His knowledge will help with the 2023-24 audit after the recent changes to the group. This will be the sixth year he has held the role, and he will be replaced for the 2024-25 audit. The share price improved by one-third to 0.4p.

Skin treatments developer Incanthera (LON: INC) has moved up to the Apex segment following its recent rise in valuation. The appointment of John Howes as an additional independent non-executive director has also enabled the switch. The share price rose 19.6% to 27.5p and it has more than quadrupled this year.

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OTAQ (LON: OTAQ) has won a contract with Ireland’s Seafood Development Agency for two Live Plankton Analysis System (LPAS) units to be installed and generate rental income until the end of 2024. One will be deployed with a seafood producer that has encountered Harmful Algae Bloom events. The system can identify the algae. The share price increased 16.7% to 3.5p.

Oberon Investment (LON: OBE) improved revenues by more than 50% in the year to March 2024 with strong financial planning income. The capital markets division had a tougher time, but activity levels are improving. Additional teams were added to the business, and they will generate additional revenues in 2024-25. Like-for-like growth could be more than 30% this year. There could be potential to spin-off fintech software business Logic. The share price is 8.77% ahead at 3.1p.

Kasei Digital Assets (LON: KASH) has invested $100,000 into Rule 110 Inc for its seed and strategic funding round for the launch of the RealityNet protocol. This protocol enables users to rent out unused computing resources on their devices to the rest of the network. The share price is 4% higher at 13p.

FALLERS

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Geoffrey Miller has reduced his stake in TruSpine Technologies (LON: TSP) from 9.03% to 8.24%. AIM-quoted Vela Technologies (LON: VELA) has reduced its stake from 4.3% to 3.92%. The TruSpine Technologies share price dipped 15.4% to 2.75p.

Phoenix Digital Assets (LON: PNIX) says 662.5 million shares were tendered by the close of the offer, but 625 million shares were accepted at a cost of £33.7m (5.39p each). The share price fell 10.3% to 3.9p.

Kevin Hastings has a 3.08% stake in Marula Mining (LON: MARU). Last week, there were 500,000 warrants exercised at 4p each, raising £20,000. The share price declined 7.04% to 8.25p.

James and Alexandra Pace have a 3.01% stake in brewer Shepherd Neame (LON: SHEP). The share price decreased 0.73% to 680p.

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