Aquis weekly movers: Watchstone share price rises, but still less than 50% of NAV

Watchstone Group (LON: WTG) has £7m in cash, equivalent to 15p/share, and is awaiting the result of attempts to recover VAT payments. Claims and disputes between subsidiaries and Aviva Canada have been resolved and discontinued. The share price jumped 55.6% to 7p.

NHS medical procedures provider One Health Group (LON: OHGR) increased interim revenues by 13% to £11.1m, while underlying earnings improved by one-third to 5.15p/share. The interim dividend has been raised by 22% to 2.03p/share. Demand for the services remains strong and more capacity is being added, including new surgical hubs. The share price is 17.1% higher at 205p.

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Marula Mining (LON: MARU) is targeting an annual dividend of between 30% and 50% of free cash flow each year. Net cash would have to be £10m after the dividend payment. Phase 1 and 2 drilling has been completed at Blesberg lithium and tantalum project. Further work on mine design and planning will start early in 2024. Martin Westerman has been appointed as chief operating officer. The share price increased 16.7% to 13.125p.

Mark Horrocks has increased his stake in Lift Global Ventures (LON: LFT) from 14.99% to 17.6%. The share price rose 16.3% to 0.25p.

Arbuthnot Banking Group (LON: ARBB) chairman and chief executive bought 69,941 shares at 975p each. That compares with a share price of 700p, up 6.87%.

Tony Wilson has increased his stake in Oscillate (LON: MUSH) to more than 3%, while Steven Bennett has taken his stake to 4.75%. Chris Akers’ shareholding has fallen from 15.6% to 5.9%. Non-exec Stephen Winfield bought an initial one million shares at 0.5p each. The share price improved 5% to 0.525p. Investee company Psych Capital has acquired Short Wave Pharma, which dilutes Oscillate’s stake to 12.75%.

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Guanajuato Silver (LON: GSVR) shares slumped when it announced that it is withdrawing from the Aquis Stock Exchange at the end of 2023. Last week, the share price recovered 3.13% to 16.5p after the company secured a $7.5m gold loan credit facility with Ocean Partners. There will be $4.6m used to pay off a previous loan facility.

Retail carbon trading technology company Ora Technology (LON: ORA) has launched the beta version of Ora Carbon, which is an app that enables investors to become involved in the carbon credit market. The entry point is £1. The share price edged up 1.16% to 10.875p.


Substrate AI (LON: SAI.B) A shares are being admitted to the Access segment of the Aquis Growth Market. The share price slumped 40.3% to 18.5p.

Gunsynd (LON: GUN) announced a fundraising yesterday evening. The investment company raised £210,000 at 0.2p/share. This will provide additional cash for investments and fund the running of the company. The share price fell 18.4% to 0.2p.

Bob Sutcliffe acquired 400,000 DXS International (LON: DXSP) shares at 2.5p each and chief executive David Immelman is deemed to own 40,000 of these shares, taking his stake to 10.25%. After transferring some of the shares to his daughters, Bob Sutcliffe holds 1.3%. The share price slipped 18.2% to 2.25p.

Ormonde Mining (LON: ORM) investee company TRU Precious Metals has confirmed that there is extensive gold mineralisation in the Ryan’s Harmer gold prospect, while sampling of the Mark’s Pond target shows high-grade copper results. The share price is 8.33% lower at 0.275p.

Wishbone Gold (LON: WSBN) says results from the Red Setter project in the Paterson Range in Western Australia confirm a significant gold system with mineralised strike over 3km. The share price declined 5.56% to 1.7p.

SulNOx Group (LON: SNOX) improved interim revenues from £75,000 to £136,000, while the pre-tax loss edged down from £965,000 to £870,000. The share price dipped 3.7% to 26p.

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