Technology developer Inteliqo Ltd (LON: IQO) lost $684,000 in the period to March 2023. There was $189,000 in the bank following an outflow of $622,000 from operating activities. This reflects the setting up of the company. Since April, the business has been operating profitably. Inteliqo has the rights to distribute Ipedia earbuds and rights to sell the Langaroo messaging App around the world. The rights last 20 years. The share price jumped 390% to 12.25p. That was predominantly due to the 377,000 shares traded last Wednesday with 42,000 traded the following day. There had been no trades since 18 April and there has only been trading on six days in the past year.
Marula Mining (LON: MARU) shares were restored to trading on 7 August after it published 2022 full year results. It has moved to the Apex segment of the Aquis Stock Exchange. A movement in deferred income meant that there was an operating cash inflow of £888,000, although there was an outflow after investing activities. Assay results at the Blesberg lithium and tantalum mine show high grade spodumene at a grade of 6.5% lithium oxide. There are plans to spend £1.1m on exploration. Assay results from the Bagamoyo graphite project in Tanzania have shown an average grade of 10% graphite. The mineralisation extends for two kilometres and is 200 metres wide. The share price bounced back 54.1% to 14.25p.
Coinsilium Group Ltd (LON: COIN) has issued 3.25 million shares at 3p each to complete the acquisition of the Tokenomi Wb3 advisory business. The share price is 7.41% higher at 72.5p.
Non-executive director CP Freeman bought 1,000 shares in Hydro Hotel Eastbourne (LON: HYDP) at 1024.5p each, taking his stake to 1.5%. The share price rose 2.02% to 1010p.
FALLERS
MBH Corporation (LON: M8H) completed its 30-for-one share consolidation on 7 August. The share price slumped 36.1% to 115p.
Asia Wealth Group Holdings Ltd (LON: AWLP) made a full year loss mainly down to currency losses from Japanese yen holdings. Management is seeking ways of expanding the business in South East Asia. The auditor says that it was unable to ascertain whether a $42,000 private investment was included in the balance sheet at its true value. NAV was $1.39m at the end of February 2023, including cash of $1.14m. The share price dipped 8.33% to 27.5p.