Aquis weekly movers: Silverwood Brands director buys

Silverwood Brands (LON: SLWD) executive director acquired 100,000 shares at 20p following the restoration of trading at the beginning of May. The share price recovered by 48.5% to 24.5p, but it is still not back to its suspension price.  

Marula Mining (LON: MARU) has appointed a new mine manager at the Larisoro manganese mine in Kenya. Bernard Kiprotich has five years of mining experience in Kenya. Marula Mining is investing in the established Larisoro manganese mining operation by securing a 60% commercial interest with an option to increase it to 70%. There are three shallow open pits. The purchase price is £300,000 satisfied by the issue of 2.4 million shares. Marula Mining will provide investment of $1.5m for equipment to enable production to be increased. The share price improved 7.69% to 8.75p.

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FALLERS

Essentially Group (LON: ESSN) has completed the acquisition of Best Latin Foodstuff Trading for £1.945m in shares at 52.5p each. Catalina Onate, who founded the food importer, has been appointed as an executive director. The share price fell 18.2% to 45p.

Shareholders passed resolutions at the AGM of Supernova Digital Assets (LON: SOL), including a cancelation of the share premium account and authority to buy back shares. The share price dipped 13.5% to 0.16p.

Digital assets investor KR1 (LON: KR1) shares dipped ahead of 2023 results on 14 May. NAV was 132.05p/share at the end of March 2024. The share price lost 4.49% to 74.5p, taking it back to the level two weeks ago.

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TruSpine Technologies (LON: TSP) chief executive Laurence Strauss has resigned. He was appointed in April 2023. The share price slid 2.94% to 1.65p.

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