Aquis weekly movers: Wishbone Gold share price dives after fundraising

Wishbone Gold (LON: WSBN) is raising £2.375m at 10.35p a share. The share price dived 21.2% to 10.25p by the end of the week. This cash will finance expansion of exploration activities in Australia. Significant copper and gold grades have been found at the Halo project in Queensland. There are also zones of high gold silver and coper at Grassy Oaky. A high-resolution gravity survey is commencing at the Red Setter gold copper project.

EPE Special Opportunities Ltd (LON: ESO) reported a 43% decline in NAV to 259.7p a share at the end of July 2022. The figure fell further to 231.9p a share by the end of August 2022. A decline in the share price of fully listed Luceco (LON: LUCE) hit the NAV. It was hit by destocking, as was Rayware. Whittard of Chelsea revenues recovered strongly after lockdowns ended. EPE Special Opportunities had £26.6m of cash at the end of July 2022 – there are £20.1m of zero dividend preference shares. The share price fell 8.8% to 155p.

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Samarkand (LON: SMK) has been hit by a large cash outflow, which means that the China-focused e-commerce technology and brands retailer requires a cash injection of up to £3m via an open offer at 55p a share. The share price fell 8% to 57.5p. Covid lockdowns in China have delayed progress and hampered the ability to supply products. In the year to March 2022, revenues fell from £20.6m to £16.6m, although if one-off revenues in the previous period are excluded then there was a 12% improvement. There was an initial contribution from the Zita West supplements brand acquired last year. Nomad software platform revenues were 18% ahead at £7.5m.

SulNOx Group (LON: SNOX) has signed a memorandum of understanding with Rominserv, a subsidiary of Rompetrol. The Romanian company is considering using SulNOx products in its refinery processes. The SulNOx share price declined by 5.88% to 16p.

Aquis Stock Exchange owner Aquis Exchange (LON: AQX), which is also quoted on AIM, has relaunched the EU dark pool trading operation it acquired from UBS as the Aquis Matching Pool. The share price fell 3.37% to 430p.

Ananda Developments (LON: ANA) subsidiary DJT Plants is working on self-crossing cannabis strains to create stable strains. So far, it appears that self-pollination of cannabis plants can be achieved. Field trials for growing cannabis have been successful. There was a 2.73% drop in the share price to 0.535p.

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Coinsilium Group Ltd (LON: COIN) says its advisory clients Blvck Paris and Metalinq Labs are joining together to launch a collection of wearables. The Metalinq technology can be used to convert 2D designs into multi-metaverse 3D designs. The share price was 0.9% higher at 2.37p.

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