Wishbone Gold (LON: WSBN), which is also quoted on AIM, reported encouraging visual drilling results at the Red Setter project, Patersons Range, Western Australia. This has prompted management to secure a second drilling rig, which should start drilling at around 10 August. The share price jumped by 16.3% to 12.5p.
Electric vehicle drivetrain technology developer Equipmake Holdings (LON: EQIP) shares went to a premium on the first day of trading at the end of July and the share price has risen further in the past week. It has increased from 5.875p (5.5p/6.25p) to 6.375p (6p/6.75p). There were ten trades during the week, all of them at 6p or above. The highest price was 6.82p.
Chris Akers has increased his stake in Quetzal Capital (LON: QTZ) from 21% to 22%. John Mahtani has cut his stake from 3.83% to below 3%. The share price increased by 6.35% to 3.35p.
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Fallers
The ChallengerX (LON: CXS) share price appears to have been hit by a trade of 400,000 shares at 0.4p each, which was well below the market price. The shares in the digital sports club marketing company slumped by 60% to 1p (0.9p/1.1p).
Despite the announcement of a new investment, Quantum Exponential Group (LON: QBIT) the share price declined by 5.9% to 2.4p. Quantum Exponential is the first UK-quoted investment company that is focused on quantum technology. A £450,000 investment has been made as part of a £12m fundraising by QLM Technology Ltd, a photonics hardware and technology developer. It has developed a gas imaging camera based on quantum technology. The technology will be integrated into lead investor Schlumberger’s end-to-end emissions solutions business. It can be used to quantify greenhouse gas.
Quantum Exponential had previously made three investments at a total cost of £1.16m since flotation. There are discussions with more potential investments. There has been further progress towards setting up a fund. Anthony Lyall has been appointed as investment manager and Anna Spandl as investment analyst.
