Aquis weekly movers: KR1 recovers to November levels

Higher levels of share trading at KR1 (LON: KR1) made it the best performer last week with a 71.7% jump to 45.5p. This is the highest price since late November. There has been no news since the 1 November.

Marula Mining (LON: MARU) says graphite exploration activities have commenced at the Bagamoyo project in Tanzania. This involves mapping, sampling and trenching and should be completed in the first quarter. Marula has secured a 73% interest in the project. The share price rose 58% to 6.95p.

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Chris Akers has increased his stake in Asimilar (LON: ASLR) from 6.63% to 7.41%. The share price jumped by 50.7% to 2.825p.

Tap Global (LON: TAP) completed its reversal into Quetzal Capital last week. The share price ended the week up 29.4% to 4.4p. There was £3.1m raised at 4.5p, even though the market price had not been that high since May last year. Tap Global was valued at £20.5m in the reversal and it is a crypto-fiat exchange service provider with a neo banking platform. It has gained Mastercard approval. The regulator is the Gibraltar Stock Exchange. The cash raised will be used for marketing and to grow internationally.

Wishbone Gold (LON: WSBN) has acquired a tenement covering 19 blocks in the Paterson Range in Western Australia. This cost A$50,000. The share price edged up by 2.11% to 4.85p.


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Cannabis company Apollon Formularies (LON: APOL) is selling IP assets to Canada-listed Global Hemp Group for $250,000 in cash and 10 million shares in the acquiror at C$0.015 each. The first tranche of $100,000 has been paid with the rest of the cash due by the end of January. Global Hemp Group has an option to acquire the other assets of Apollon in return for 771.2 million shares. The Apollon share priced dived 14.8% to 0.66p.

NFT Investment (LON: NFT) has been hit by a cyber incident that resulted in a loss of $250,000 of assets. That is less than 1% of NAV. Further technical precautions are being investigated. The share price slumped by 10.8% to 0.825p, which values the company at £9.3m.

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