The share price of Investment Evolution Credit (LON: IEC) has rebounded 16.7% to 43.5p following the previous week’s news that Richard Leaver has stepped down as chief executive and be replaced by the returning Paul Mathieson. Glendys Aquilera has replaced Bob Mennie as finance director. The share price is still 72% down over two weeks.
Shares in EDX Medical (LON: EDX) more than recovered the loss of the previous week as investors further pondered the news that the diagnostics company has signed a master service agreement with The Royal Marsden NHS Foundation Trust, which includes an eminent cancer hospital. EDX Medical will supply diagnostics services to the NHS trust. The share price is 7.84% higher at 13.75p.
Marula Mining (LON: MARU) has made the first copper concentrate sales from the Kinusi copper mine in Tanzania. The payment of 90% of the initial estimated value will be made in the coming week. The rest will be paid when specifications for the concentrate have been met. The share price improved 6.25% to 4.25p.
FALLERS
Shares in MaxRets Ventures (LON: MAX) slumped 99.9% to 0.0015p ahead of its departure from the Aquis Stock Exchange on 18 March.
Warrants in Coinsilium Group (LON: COIN) have been exercised at 3p each by executive chairman Malcolm Palle and chief executive Eddy Travia, raising £100,500. The share price fell 11.7% to 2.65p.
Invinity Energy Systems (LON: IES) will supply a 10.8MWh of its ENDRIUM flow batteries in Hungary and a 0.9MWh VS3 battery to a US customer. Progress is being made with the LODES project in the UK and grant funding may be recognised this year. OFGEM has published a technical decision document on the long electricity duration storage cap and floor. This will be designed to attract investment, which should be good for Invinity Energy Systems. The share price slipped 4.44% to 10.75p.
Oscillate (LON: MUSH) became a hydrogen explorer during the year to November 2024. Net assets were £1.75m, including £1.59m in cash and £158,000 in short term investments. The share price fell 4% to 0.48p, which is a market capitalisation of £2m.
Peel Hunt has a 13% stake in WeCap (LON: WCAP). The share price dipped 2.56% to 0.95p.