Vanadium flow battery developer Invinity Energy Systems (LON: IES) has interest from several potential strategic investors. This has delayed the process. Linking with the right strategic partner is important to the growth of the business. The company increased 11.4% to 24.5p.
EPE Special Opportunities (LON: EO.P) has net assets of 324.07p/share. The share price is 3.33% higher at 155p.
Marula Mining (LON: MARU) has been awarded a mineral dealer’s trading licence in Kenya. This enables the buying, selling and export of manganese ores. A $1.8m exploration programme is planned at the Larisoro manganese mine. There have been £2m worth of shares issued at 3.75p each to pay for equipment and expenses. The share price rose 1.43% to 8.875p.
FALLERS
Investment company Gunsynd (LON: GUN) reported a slump in NAV from £3.28m to £1.74m in the year to January 2024. The focus is resource companies and the share prices have performed poorly. There was cash of £113,000 at the end of January but there have been share sales since then. The share price dipped 22.6% 0.12p. Director Donald Strang bought 2 million shares at 0.1196p each.
KR1 (LON: KR1) has invested $550,000 in Mode Labs, a modular layer 2 blockchain network operator. The share price fell 13% to 77p.
Phoenix Digital Assets (LON: PNIX) directors and other investors have exercised 71.25 million warrants at 1p each, raising £712,500. This dilutes the NAV and the share price declined 8.75% to 3.65p.
Supernova Digital Assets (LON: SOL) director Nicholas Lyth bought 3.5 million shares at 0.2p each. The share price slid 7.5% to 0.185p.
Diesel fuel additives supplier SulNOX Group (LON: SNOX) trebled quarterly revenues to £315,000 in the fourth quarter and it is 282% ahead of the same time last year. Full year revenues were £555,000. There are already committed sales of £105,000 in the current quarter. The share price fell 1.56% to 31.5p.
