Shares in 88 Energy (LON: 88E) jumped 53.5% to 1.65p, which is the highest it has been for four years, after it published a new corporate presentation on its website. T42 IoT Tracking Solutions (LON: TRAC) increased full year revenues from $4.16m to $6.1m and gross margins improved. This enabled a move from an operating […]

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Quantum Helium (LON: QHE) says an independent resource report where the best estimate for the Coyote Wash project in Colorado is 0.97bcf of gross recoverable helium. This takes the gross recoverable resource of the company’s projects to 1.1bcf, which have a gross value of $330m. There are also potential oil resources of up to 750,000 […]

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Shares in Bezant Resources (LON: BZT) continue to rise following the sale of 53.4 million Blackstone Minerals shares that raised A$3.75m (£1.84m). The remaining shareholding in the ASX-listed company is 80.6 million shares. The share price added a further 14.3% to 0.08p. Deutsche Bank has upgraded its Polar Capital (LON: POLR) recommendation from hold to […]

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Electric Guitar (LON: ELEG) is considering acquisitions in the energy and AI sectors. The creditors voluntary arrangement shares have yet to be issued as the supervisor of the CVA is working through claims. The share price rebounded 84.2% to 0.0875p. Electronic components and systems supplier Solid State (LON: SOLI) is expecting better than forecast pre-tax […]

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Firering Strategic Minerals (LON: FRG) announced a maiden JORC compliant mineral resource estimate for the quicklime project in Zambia. This shows a near-doubling of the resource tonnes compared with the 2017 estimate. There is 145.2Mt at 95.7% CaCO3, including 11.8Mt in the measured category. This could provide more than 50 years of production. There is […]

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Shares in Orcadian Energy (LON: ORCA) were the best performer on the week and the price quadrupled to 14.25p following the announcement that it has entered non-binding heads of agreement with a North Sea operator to farm out the Pilot project for a full carry until first oil. Orcadian Energy would retain a 18.75% working […]

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Vela Technologies (LON: VELA) shares jumped 51.2% to 0.031p on the news that Conduit Pharmaceuticals will start trading on Nasdaq on Friday. This will trigger the option to sell the interest in AZD1656 to Conduit Pharmaceuticals for £4m. CT Automotive (LON: CTA) reported better than expected interim revenues as vehicle production increases and new business […]

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Upward share price momentum continues at Windar Photonics (LON: WPHO) on the back of additional test orders for LiDAR wind sensor technology from Vestas. Also, non-executive director Paul Hodges bought 195,000 shares at 19.5538p each. The share price rose a further 163% to 21p and it is 20% higher over the year – making it […]

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Falkland Islands oil and gas explorer Borders & Southern (LON: BOR) is raising £2.5m at 1.75p a share to finance studies of its 100%-owned Darwin gas condensate discovery. The previous market price was 3.15p and the share price has fallen 35.9% to 2.0175p. Covid lockdowns in China have hit production of the customers of kettle […]

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Enteq Technologies (LON: NTQ) is the worst performer of the day after admitting that 2022-23 revenues and profit will not be as good as expected. The share price dived by 32.2% to 10p. finnCap had been estimating earnings of 1.7p a share, following a loss last year. No new forecast has been published. There is […]

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A stronger second half made up the first half profit shortfall for kettle components manufacturer Strix Group (LON: KETL) and the new Chinese factory is on course to be fully up and running in August. New products outside of the kettle sector are increasing the potential market for AIM-quoted Strix. In 2020, revenues were 2% […]

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