Blue Star Capital (LON: BLU) says investee company SatoshiPay’s Vortex fiat-to-crypto infrastructure platform achieved volumes of $10m in January, which is more than double the previous month. In February and March total transaction volume was $7.8m because of platform outages for upgrades and a major client is changing banks. Volumes should recover. The share price […]

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Goldstone Resources (LON: GRL) is raising £2m at 1p/share, which was more than double the share price ahead of the announcement. The cash will fund exploration at the Homase mine in Ghana to expand the JORC resource and to evaluate other gold projects, including one in Sierra Leone. Asian Investment Management is converting £1.45m of […]

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Shield Therapeutics (LON: STX) says the US FDA has accepted ACCRUFeR as a clinical supplement and assigned priority review to extend coverage to children with iron deficiency anaemia. Approval could be received in 2026. This follows positive results from a phase 3 paediatric clinical trial. The share price jumped 32.5% to 8.35p. Block Energy (LON: […]

The post AIM movers: Potential extended use for Shield Therapeutics’ ACCRUFeR iron deficiency treatment and ex-dividends appeared first on UK Investor Magazine.

Wishbone Gold (LON: WSBN) says drilling at the Red Setter gold dome project in Western Australia has reached the top of a significant breccia pipe. Drilling has reached 777 metres, and the breccia pipe is 152 metres long. Drill core is being transported to be assayed. The share price jumped 290% to 1.45p. Marks & […]

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CPP Group (LON: CPP) is selling its business in India for £15.7m, of which £11.8m is payable on completion. The rest is dependent on performance. Tax could be £2m. This means that CPP can concentrate on the Blink InsurTech platform, focused on travel disruption and cybsersecurity. The cash will accelerate investment and fund the restructuring […]

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Sustainable laundry technology developer Xeros Technology (LON: XSG) is among the top AIM performers for a second week. Non-exec Klaas de Boer bought 3 million shares at 0.82p each and fellow non-exec David Armfield bought 2.6 million shares at 0.7602p each. Dowgate has increased its shareholding from 11.4% to 13.2%. The estate of William Black […]

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Serinus Energy (LON: SENX) has won a legal case against the Romanian tax authorities over VAT refunds. The company has been awarded a VAT refund of $1.73m for 2018 and 2019, as well as interest of $750,000. This has to be paid within 45 days. The Romanian operation is loss-making, but there are gas projects […]

The post AIM movers: Serinus Energy wins VAT award and Totally loses NHS 111 contract appeared first on UK Investor Magazine.

Sustainable laundry technology developer Xeros Technology (LON: XSG) is progressing with tech verification from four global washing machine manufacturers and two of those could move to substantial paid-for joint development agreements. Timing is uncertain, though. Even so, Cavendish has reduced its 2024 and 2025 forecast revenues. The loss is estimated to decline from £4.8m to […]

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Main Market miner Hamak Gold (LON: HAMA) has sold its 10.1% stake in Vela Technologies (LON: VELA). These are the remaining shares used to pay for £300,000 of convertible loan notes. The deemed issue price was 0.012375p/share. The Vela Technologies share price has recovered 27.3% to 0.007p. Iron treatment provider Shield Therapeutics (LON: STX) says […]

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MicroSalt (LON: SALT) has received an initial purchase order for 50,000lbs of low-sodium salt from a major food and drink manufacturer for one of its product lines. Annualised volumes should be 200,000lbs and there could be orders for two other products. There is also a follow-on order from a B2B customer and the 63,860lbs will […]

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YouGov (LON: YOU) annual pre-tax profit was slightly better than expected, although it fell 21% to £45m due to higher staff and technology costs. However, the auditor has requested more time to complete the audit, so this is an unaudited figure. There was underlying revenue growth of 3%. Annualised cost savings of £20m are being […]

The post AIM movers: YouGov trading better than expected and IQE boss leaves appeared first on UK Investor Magazine.

Ovoca Bio (LON: OVB) reported a halved loss of €1.2m due to lower overheads. Cash was €2.9m at the end of June 2024 and cash refunds from the Australian government of €650,000 are anticipated.  The share price rebounded 92.6% to 1.3p. Further contract news from Electric Guitar (LON: ELEG) has boosted the share price 30.8% […]

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Hostels operator Safestay (LON: SSTY) improved interim revenues by 7% to £10.7m and the loss reduced from £947,000 to £113,000. Sales to the end of August were well ahead of last year and forward bookings are strong into next year. The lease of the loss making Venna hostel has been surrendered. Four new properties have […]

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Rockfire Resources (LON: ROCK) has increased the size of the resource at the Molaoi zinc lead silver germanium deposit in Greece by 500%. The JORC 2012 compliant mineral resource estimate is 15 million tonnes at an average grade of 9.96% zinc equivalent. Allenby estimates that it is one of the top 20 undeveloped zinc prospects. […]

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The stake of Dr CW Powell in lead, zinc and silver projects developer Europa Metals (LON: EUZ) has risen from 7.17% to 8.19%. The stake has been built up from below 3% in nearly three months. The share price has risen by one-quarter so far this year and is 46.7% higher on the week at […]

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Shield Therapeutics (LON: STX) chief executive Greg Madison is stepping down and non-exec Anders Lundstrom will take over on an interim basis. Iron deficiency treatment ACCRUFeR generated revenues of $6.9m in the second quarter, which was 69% higher than the previous quarter. This is a combination of more prescriptions and higher selling prices. The interim […]

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Audio visual services provider MediaZest (LON: MDZ) says first half revenues grew and there was an improved interim EBITDA. The results will be published in June. There have also been significant orders since March with potential for additional project work in Europe. The company is negotiating with major brands for significant projects that will need […]

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Safety and compliance services provider Marlowe (LON: MRL) is selling part of its governance, risk and compliance software and service business to Inflexion for an enterprise value of £430m. That will pay off debt and enable £150m plus to be paid to shareholders. That could leave £60m of cash in the business. This could fund […]

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Zinnwald Lithium (LON: ZNWD) has published an updated mineral resource estimate for the 100%-owned Zinnwald lithium project in Saxony, Germany. This has made it the biggest mover on the day with a rise of 35.5% to 7.25p, having been near to 8p at one point. There is a measured resource and indicated resource of 194mt […]

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Funds advised by Kohlberg Kravis Roberts are bidding 955p/share in cash for Smart Metering Systems (LON: SMS), which values it at £1.3bn. Shareholders will receive the latest dividend of 8.31875p/share. The board does not believe the progress of SMS has been fully reflected in the market price and they are recommending the bid. In September […]

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Bradda Head (LON: BHL) has updated its mineral resource estimated for the Basin sedimentary lithium project in Arizona. It has been raised by 192% to total contained lithium carbonate equivalent of 1,085kt. The grade has increased by 30% to 990ppm. This triggers a $2.5m royalty payment from Lithium Royalty Corp. The share price jumped 30.9% […]

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Telecoms equipment manufacturer Filtronic (LON: FTC) has secured a low earth orbit satellite communications market contract worth £3.2m for a European Space Agency programme for 5G/6G sustainable connectivity. The contract is split between this financial year and the next one. Filtronic will develop mmWave products to enable connection between satellite to receiving ground stations. The […]

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Brand Architekts (LON: BAR) is cutting its losses quicker than expected. The branded toiletries and household products supplier is focusing on profitability and not chasing sales. The cash outflow was lower than anticipated. Brand Architekts could be near to breakeven in the year to June 2024. A settlement with MR brand joint venture partner Jamie […]

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Restaurants operator Fulham Shore (LON: FUL) is recommending a 14.15p a share cash bid by Tokyo-based TORIDOLL Holdings. The share price jumped 32.4% to 13.9p. The bidder has revenues of around £1bn and already has European interests. It works with specialist private equity firm Capdesia in Europe. The takeover will enable greater expansion of the […]

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Genedrive (LON: GDR) has received preliminary approval from the National Institute of Clinical Excellence (NICE) for its antibiotic-induced hearing loss (AIHL) genetic test. NICE concluded that the test can identify babies at risk of hearing loss if given certain antibiotics. The NHS can use the test following this approval, which should be ratified on 21 […]

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Diurnal (LON: DNL) was the biggest riser on the week with a 139% gain to 26.85p following a cash offer for the company. Neurocrine Biosciences Inc is making a recommended bid of 27.5p a share in cash for Diurnal, which values the drug developer at £48.3m. The April 2021 placing and open offer was at […]

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Australia-based online fashion retailer MySale Group (LON: MYSL) shares were 186% higher on the week at 3.58p making it the largest riser on the week. Mike Ashley’s Frasers Group has acquired a 28.7% stake. Frasers would like to sell its end of line merchandise through the company’s platform. MySale Group is still 38.3% lower than […]

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