Aquis weekly movers: S-Ventures selling snacks to AIM shell

Steve Hutchinson has taken his Oscillate (LON: MUSH) stake above 3%. The share price improved 35.3% to 0.575p.

TruSpine Technologies (LON: TSP) chairman Geoffrey Miller has increased his shareholding to 7.24%, while Oberon Investments raised its stake to 12.6%. The share price recovered 23.1% to 0.8p.

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Gunsynd (LON: GUN) shares rose 17.9% to 0.165p on the back of an institutional investor investing $1m ($750,000 in cash and $250,000 in support services) in the US subsidiary of Rogue Baron (LON: SHNJ), where it currently has a 17.45% stake. Rogue Baron has also raised £20,000 at 0.5p/share. The share price is 1.18% ahead at 0.43p.

Aquis Stock Exchange owner Aquis Exchange (LON: AQX) increased revenues from £19.9m to £23.7m, while pre-tax profit rose from £4.5m to £5.2m. The Aquis Stock Exchange revenues improved from £1.6m to £1.8m. The main growth came from technologies and data. The share price is 9.38% ahead at 385p.

Cadence Minerals (LON: KDNC) says that the capital spending optimisation programme has been completed at the Amapa iron ore project. Savings of $63.2m have been identified and production could be 5% higher at 5.5 Mtpa of iron ore concentrate. The share price is 5% higher at 5.25p.

Supernova Digital Assets (LON: SOL) has completed the acquisition of Hyperslot PTE for £225,000 in shares at 0.15p each. Andrew Offit increased his shareholding from 14.1% to 15.2%. The share price increased 3.7% to 0.14p.

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Arsen Torosian has replaced David Carr as chief executive of Tap Global Group (LON: TAP). He is the largest shareholder and was previously chief strategy director. Steven Borg will become finance director. The share price edged up 3.57% to 1.45p.

FALLERS

S-Ventures (LON: SVEN) has agreed to sell its food and snacks business in return for shares in AIM-quoted RiverFort Global Opportunities worth £3.5m. That would leave S-Ventures as an investment company with shares in the acquirer. Sales for the 12 months to September 2023 were £17.4m, rising to the £21.6m in the 15 months to the end of 2023. Net debt was £7.1m at the end of September 2023. An additional £3m of loans have been agreed, including £1m from RiverFort Global Opportunities. The share price slumped 25.5% to 2.05p.

KR1 (LON: KR1) has invested $600,000 in Moondance Labs, which is building Tanssi, which helps appchain deployment. The share price dipped 5.41% to 87.5p.

Marula Mining (LON: MARU) has signed a long-term offtake agreement with Fujax UK for the Blesberg lithium and tantalum mine in South Africa. This an agreement for 100% of production until the end of 2026, with a minimum of 50,000 tonnes at a grade of 6% lithium. There is an option for a further three years. A mining right has been received from the authorities for the plans to expand the stockpile reprocessing operations. The share price fell 2% to 12.25p.

Brewer Shepherd Neame (LON: SHEP) improved like-for-like retail sales by 6.2%, although beer volumes fell 10.5% with own beer volumes down 16.7%. Overall, interim revenues grew 4% to £89m and underlying pre-tax profit was 10% ahead at £3.8m. The brewing division returned to profit. The interim dividend was 5% ahead at 4.2p/share. Beer volumes continue to decline, while the retail sales growth rate has slowed. The share price slipped 1.06% to 702.5p.

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