Manchester-based Zentra (LON: ZNT) switched from the Main Market to the Access Segment of Aquis with the help of Hybridan on Wednesday. The former One Heritage Group has discontinued its co-living and in-house construction services. The focus is high quality apartments and housing, as well as work for local authorities and housing associations. A portfolio of properties was sold for £7m after the end of June 2024. There is a conditional contract to sell land for £400,000. So far, £3m has been reinvested in a 30% stake in One Victoria, a residential and commercial development, in Manchester. It is scheduled for completion in the summer. Prior to the move the share price rose 60% to 4p. It has been unchanged since then.
AI software developer IntelliAM (LON: INT) has signed a letter of intent with SKF Lubrication System so the two companies can sell each other’s products. IntelliAM’s machine learning platform will be included in the latter’s products. If the acquisition of 53 Degrees North Engineering had been made at the beginning of the six months to September 2024, revenues would have been £1.61m and EBITDA £140,000. Annualised recurring revenues are £149,000. Chairman David Richards bought 7,142 shares at 70p each. The share price jumped 22.2% to 82.5p.
SulNOx Group (LON: SNOX) has raised a further £300,000 at 52.5p/share with a warrant attached. Unicorn AIM VCT has taken its stake to 5.39%. The share price improved 12.2% to 69p.
Marula Mining (LON: MARU) is withdrawing from planned projects in Zimbabwe. It is also relinquishing its interest in the Nkombwa Hill project in Zambia. This enables focus to be placed on the Blesberg lithium and tantalum project and other core interests. The share price increased 11.8% to 4.75p.
Ananda Developments (LON: ANA) has raised £150,000 at 0.35p/share following positive results for cannabis-based treatment MRX1. There was a significant reduction in blood plasma levels of NT-proBNP (N-terminal pro-B-type natriuretic peptide) levels. This biomarker is used in diagnosis and management of heart failure. The share price is 10.4% higher at 0.425p.
Igraine (LON: KING) has formalised its investment rights with GEM and its battery storage project development subsidiary BES3. The first site has been chosen. The share price rose 6.67% to 0.4p.
Vinanz Ltd (LON: BTC) has received commitments totalling £1.5m at 14.5p/share conditional on a move to the London Stock Exchange. This will fund the purchase of more Bitcoin mining machines. The share price edged up 0.82% to 15.375p.
FALLERS
Wishbone Gold (LON: WSBN) has raised £250,000 at 0.2p/share. The share price slumped 42.2% to 0.185p.
Mendell Helium (LON: MDH) says M3 Helium, which it has an option to acquire, has increased production to 100Mcf/day and is rising by 2Mcf each day. This enhances the potential value of the farm-in to Scout Energy’s acreage in the Hugoton field. The option has been extended to the end of March 2025. The share price fell 14.3% to 3p.
In the year to April 2024, Helium Ventures (LON: HEV) had net assets of £24,000, including £56,000 in cash plus £250,000 long-term investment and £30,000 in short-term investments. Since then, the company has been issued a 19.4% stake in Trackimo following the £250,000 subscription. Creditors include deferred payments to directors of £130,000. The share price slipped 6.67% to 3.5p.