Recent Aquis admission Psych Capital (LON: PSY) was the best performing company during the week. The investment company is focused on early-stage psychedelic medicines businesses, and it has subsidiaries that can offer investee companies services, such as marketing and data collection.
Psych Capital raised £810,000 at 5p a share and it ended the first day of trading on 9 June at 4p share, reaching 4.75p at the end of the week. This week the share price recovered to 5.5p (5p/6p). Chris Akers took a 4.96% stake. There were ten trades during the week, and all were on Thursday and Friday.
Valereum (LON: VLRM) announced that it intends to launch a global open marketplace platform for Non-Fungible tokens (NFTs). It has also appointed Z/Yen Group Ltd as strategic adviser to provide a commercial review of the business plans for the Gibraltar Stock Exchange. It will also help to prepare a prospectus for a listing for Valereum on a major stock exchange. The share price 14.3% to 24p (23p/25p).
Quantum technology investment company Quantum Exponential Group (LON: QBIT) shares rose 4.1% to 2.55p (2.3p/2.8p). Quantum Exponential floated last November at 5p a share, although the pro forma NAV at the time was 1.65p a share. Quantum Exponential has made three investments at a total cost of £1.16m since it floated. There are plans to set up a quantum computing focused fund.
A fall in market capitalisation means that Coinsilium Group Ltd (LON: COIN) will move from the Apex segment to the Access segment. However, the share price rose 1.4% on the week to 2.81p (2.74p/2.88p).
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Fallers
Investment company Hot Rocks Investments (LON: HRIP) was the worst performer on the week falling by 23.1% to 0.5p (0.4p/0.6p). Not far behind was Goodbody Health Inc (LON: GDBY), which declined 22.9% to 1.35p (1.2p/1.5p), having fallen to 1.15p at one point during the week. Last week, the CBD products supplier and diagnostics testing company said that it was cancelling its quotation on the Canadian Neo exchange and moving its domicile from Canada to Guernsey. The Care Quality Commission has granted registration to the company’s diagnostic and screening activities.
Energy storage technology developer Invinity Energy Services (LON: IES) shares dipped 22.5% to 46.5p(45p/48p). This reflects a general weakness in the share price of cleantech companies.
KR1 (LON: KR1) has put money in a range of blockchain and cryptocurrency investments. The downward trend in many cryptocurrencies has hampered the share price of KR1, which fell 22.1% to 26.5p (25p/28p).
NFT Investments (LON: NFT) slumped 15% to 1.275p (1.25p/1.3p). There is no news from the company, but it has invested some of the cash it raised in cryptocurrencies.
