Aquis weekly movers: Ora Technology continues rise - UK Investor Magazine

Aquis weekly movers: Ora Technology continues rise

Shares in July’s news admission Ora Technology (LON: ORA) are still rising. Ora Technology raised £835,000 at 2p/share when it joined Aquis on 20 July. Ora Technology is developing a carbon credits trading platform called Ora Carbon. This will trade carbon credits on the voluntary carbon markets and be offered to retail and institutional investors. The share price increased a further 4.76% to 8.25p.

SulNOx Group (LON: SNOX) increased revenues from £34,000 to £203,000 in 2022-23, while the loss was slightly lower at £1.91m. The net cash outflow was £1.2m. Note 3 of the accounts points out the financial position, but management believes that sales will come though to generate cash to fund the business after a reduction in costs. If not, a share issue will be the alternative way of obtaining the cash required. Stephen Bamford and Constantine Logothetis have increased their stakes to 8% and 22.5% respectively. The share price rose 1.47% to 17.25p.

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Aquis Stock Exchange owner Aquis Exchange (LON: AQX) has appointed Investec as nominated adviser and joint broker alongside Canaccord Genuity. It replaces Liberum. The company, which is also quoted on AIM, will report interims on 21 September. The share price improved 0.54% to 372p.

FALLERS

Ananda Developments (LON: ANA) has issued £600,000 of convertibles at 100p each. Two existing shareholders have invested a total of £300,000 and Charles Morgan has converted £300,000 of debt. Unsecured debt will fall to £709,000 and Charles Morgan has agreed not to task for repayment until the end of January 2025. The interest rate is 15% and the conversion price is the lower of a 20% discount to the share price of the next capital raising of at least £1m of 0.4p/share, with a minimum of 0.2p/share. The loans will automatically be converted on 30 November 2025 or earlier. The share price dipped 13.3% to 0.325p.

Coinsilium Group Ltd (LON: COIN) has signed a master collaboration agreement with fashion brand Blvck Paris for Web3 and other projects. Blvck Paris uses digital creations and content to connect with its global community. The share price slipped 6.9% to 1.35p.

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