Invinity Energy Systems (LON: IES) is the best performer for a second week on the back of an order for vanadium flow batteries from Taiwan. There was a further 26.4% rose to 45.5p.
Ananda Developments (LON: ANA) has published a general cannabis research round-up, including a pilot study that indicates that a cannabis-based spray can help alleviate cancer pain. Ananda points to research that suggests that an individual’s genetics could predict the effects of cannabis. The share price improved by 8.42% to 0.515p.
Investment company Gunsynd (LON: GUN) net assets fell from £6.3m to £3.85m at the end of July 2022. There was a £1.95m reduction in the value of investments and the rest relates to the costs of running the company. The share price edged up by 2.41% to 0.425p.
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Fallers
Clean Invest Africa (LON: CIA) raised £155,000 at 0.5p a share – every two shares come with a warrant exercisable at 1.5p. The share price fell 15.4% to 0.275p. Clean Invest Africa is running short of cash. Subsidiary Coaltech is finding that lead times to securing sales and deals have been longer than expected. Certain creditors owed £2.5m have agreed to subordinate that debt to other trade creditors.
Shell company Greencare Capital (LON: GRE) is changing its investment strategy and name to MaxRS Ventures. Instead of seeking a cannabis-related acquisition, the company will try to identify opportunities that are undervalued or would benefit from being consolidated with other companies in its market. These would be technology type businesses and initially life sciences, crypto technology, impact investing and retail companies will be prioritised. The share price fell 12.3% to 25p. That valuation is still much higher than the interim net assets.
Guanajuato Silver Company Ltd (LON: GSVR) secured a $5m credit facility with Ocean Partners, which already provides a $5m facility. There will be a consolidated offtake agreement with Ocean Partners for 24 months to the end of December 2024. The share price declined by 1.82% to 27p.
Altona Rare Earths (LON: ANR) has completed drilling within budget at the Mozambique Monte Muambe rare earths project. This will enable a maiden mineral resource estimate in the first quarter of 2023. The share price slipped 1.69% to 7.25p.
