Aquis weekly movers: One Health Group makes debut

One Health Group (LON: OHGR) joined the Apex segment of the Aquis Stock Exchange on 24 November. The NHS-funded medical procedures provider raised £1.56m at 150p a share, giving One Health Group a market capitalisation of £15.1m. The share price ended the week at 156.5p. Demand for the company’s services should continue to be strong as the NHS tries to reduce the backlog of operations. In the six months to September 2022, revenues were £9.7m. The plan is to pay 50% of post-tax profit in dividends. Net cash was £3.68m at the end of March 2022. The additional cash will provide working capital.

Diesel additives supplier SulNOx Group (LON: SNOX) has appointed Steele Environmental as a US distributor for shipping markets and land-based transportation and revealed a positive evaluation with Caspian Marine Services. The share price rose 7.69% to 14p.

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A company owned by NFT Investments (LON: NFT) chairman Jonathan Bixby and non-exec Mike Edwards have has acquired 20 million shares at 0.8p a share. The uncertainty around cryptocurrency and NFTs has hit the shares, which rebounded 2.7% to 0.95p – still three-fifths lower than at the start of 2022.

Marula Mining (LON: MARU) has increased its stake in the Blesberg lithium mine from 5% to 100%. The cost is $1.7m. This is subject to regulatory approval. Mobile mining equipment and the majority of processing equipment is on the site and the infrastructure is being upgraded. First deliveries of lithium ore are expected in December. The share price increased by 2.08% to 2.45p.

Finance boss Rob Smith has purchased 724,503 Chapel Down Group (LON: CDGP) shares at 25.5p each. The share price rose 1.92% to 26.5p.

Electric vehicle drivetrains developer Equipmake Holdings (LON: EQIP) edged up revenues by 3% to £3.71m in the year to May 2022. A much greater proportion of the revenues came from commercial and production contracts. The loss was more than trebled to £5.2m. There was still £1.88m of cash in the balance sheet and since then it raised £10m gross at 4.25p a share in its Aquis flotation. A partnership with an electrical aerospace specialist will generate initial orders for prototypes worth £400,000. The share price improved by 1.89% to 6.75p.

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Fallers

EDX Medical (LON: EDX) shares have fallen back 2.38% to 5.125p this week. The reversal was done at 6p a share. EDX announced a collaboration for the European cancer biomarker programme with Tianjin Bioscience. This should result in the development of cost-effective cancer tests.

Good Energy (LON: GOOD) was one of 17 energy suppliers criticised by Ofgem for failing vulnerable customers. Good Energy was one of five deemed to have severe weaknesses, such as setting debt repayments too high. The share price fell 1.25% to 197.5p.

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