Adrian Crucefix has taken a 5.03% stake in Nativo Resources (LON: NTVO). The share price is two-fifths higher at 0.525p. Fusion Antibodies (LON: FAB) is negotiating with the National Cancer Institute in the US concerning extending the OptiMAL project. The project has made progress in identifying antibody expressing cells as positively binding to their target […]

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Mongolia-focused oil and gas producer Petro Matad (LON: MATD) has signed an oil sales agreement with PetroChina for Block XX output. First revenues from Heron-1 will be in May and this will cover production from October 2024. This will provide more than $1m for further development, plus ongoing monthly payments. Shore estimates that Petro Matad […]

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Broadband services provider Bigblu Broadband (LON: BBB) admits that it is in discussions with alternative investment manager Salter Brothers on a possible sale of the SkyMesh subsidiary. The transaction is subject to final terms and financing. This would be the latest asset disposal for Bigblu Broadband. The share price jumped 67.8% to 42.8p. Video streaming […]

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Professional services provider DSW Capital (LON: DSW) is acquiring DR Solicitors for £6.1m in cash and shares, which will reduce dependence on M&A. DR Solicitors has a client base of doctors, consultants and primary care providers. The latest annual pre-tax profit was £1.2m. The deal should be hugely earnings enhancing. Shore has not changed its […]

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CloudCoCo (LON: CLCO) is selling its managed IT services business for £9.2m. This will discharge liabilities, including the MXC loan notes, and leave cash of £950,000. If the sale does not go ahead management will need to consider if there is a future for the group. There are also discussions concerning the sale of the […]

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Bluejay Mining (LON: JAY) says there are indications of potential helium and hydrogen accumulations at the Outokumpu licences in Finland. There is up to 5.6% helium and 46% hydrogen, plus other gases. Seismic data has been acquired to identify high potential areas. Helium and hydrogen is the new focus of the company. The share price […]

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Powerhouse Energy (LON: PHE) has resolved its patent issue with Onunda, which had disputed its European patent and patent applications for waste to energy technology. There will be no additional challenges from Onunda. The share price jumped 60.8% to 2.05p. This is the highest level it has been since August 2022. Oil and gas company […]

The post AIM movers: Orcadian Energy’s potential farm out and Polarean Imaging funding appeared first on UK Investor Magazine.

Digital marketing services provider Silver Bullet Data Services (LON: SBDS) shares continue to rise following yesterday’s interims showing a 76% increase in revenues to £4.1m and a much lower loss. More than one-third of revenues were in the US, helped by sales of the AI product. The full interims will be published later this month. […]

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At its AGM, digital marketing services provider Silver Bullet Data Services (LON: SBDS) revealed a 76% increase in interim revenues to £4.1m and a much lower loss. More than one-third of revenues were in the US, helped by sales of the AI product. The full interims will be published later this month.  The share price […]

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PetroNeft Resources (LON: PTR) says that chief executive Pavel Tetyakov is a potential buyer for its Russian assets. This will require shareholder approval. The share price increased 133% to 1.05p. There is no indication of how much could be raised. Given current macroeconomic conditions the price PetroNeft can get for these assets may not be […]

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URU Metals (LON: URU) shares are higher on news about 74.28% owned Zeb Nickel Corp that was released yesterday afternoon. Analysis of drilling shows a higher grade nickel mineralised zone below the historical resource. Deeper drilling should increase the resources grade. There will also be infill drilling on the gold discovery. The share price is […]

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Tertiary Minerals (LON: TYM) has signed a technical co-operation agreement with First Quantum Minerals for two copper projects in Zambia – Mukai and Mushima North. Mukai is next door to First Quantum’s Trident project. First Quantum also has interests in the same region as Mushima North. First Quantum will supply historical exploration date for the […]

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Feedback (LON: FDBK) is offering its Bleepa medical imaging communications platform to help with COVID-19. Hospitals will be able to use it for free. Bleepa was launched last July. It can be used to transmit encrypted data between a hospital and a clinician’s own device when they are away from the hospital. Images, such as […]

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Feedback PLC (LON:FDBK) have seen their loss widened in the first half following rises in costs and expenses. Feedback is a specialist medical imaging technology company providing innovative software and systems, through its fully-owned trading subsidiary, Feedback Medical Limited. The firm told the market that there had been a shift in focus – more towards […]

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