Aquis weekly movers: Invinity Energy Systems’ largest order

Invinity Energy Systems (LON: IES) has sold 15MWh of vanadium flow batteries to Everdura Technology in Taiwan. A deposit will be paid soon, and the first deliveries will be late in 2023. This is the largest ever single order and there is follow-on potential of 255MWh over three years and it will help to underpin 2023 forecast revenues of £23.7m. The share price jumped 56.5% to 36p

Hydrogen Utopia International (LON: HUI) has entered an agreement with Fishertown Property for a proposed lease of a 2.5 acre site in County Longford. This will become its first full scale waste plastic to hydrogen in Europe. A €50,000 payment has been made and an option for the site is being negotiated.

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One Health Group (LON: OHGR) joined the Apex segment of the Aquis Stock Exchange on 24 November and the share price continued to rise and ended the week up 10.2% to 172.5p. The NHS-funded medical procedures provider raised £1.56m at 150p a share.

Tectonic Gold (LON: TTAU) has completed drilling at the Specimen Hill project in Queensland. This has intersected a geophysical target below high-grade historic mine. An adjacent target has also been intersected. Joint venture discussions will be pursued. The share price rose 5.52% to 0.765p.

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Fallers

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Goodbody Health (LON: GDBY) chief executive Marc Howells has resigned, and George Thomas has replaced him. The share price dived 23.1% to 2.5p.

Shares in Good Energy (LON: GOOD) fell 7.69% to 180p after it said that trading to the end of October was in line with expectations, but the subsequent mild winter has reduced gas consumption. Risk management actions should enable the energy supplier to meet 2022 expectations. There was £21.2m in cash at the end of October 2022. Heat pump installer Igloo Works has been acquired for £1.75m. Last year’s revenues were £1m. This will form an energy services division.

Guanajuato Silver Company Ltd (LON: GSVR) produced 700,264 of silver equivalent ounces in the third quarter, which is more than double the previous quarter. Cash costs fell by 19% to $19.53/ounce. However, lower silver and gold prices meant that the loss increased. The share price fell 3.51% to 27.5p.

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