There were 28 Aquis companies where share prices increased over the past year and seven have at least doubled. Three out of the top five were mining companies.
Hot Rocks Investments (LON: HRIP)
+509%
The share price peaked at 2.5p in June when Hot Rocks Investments was buying warrants in The Smarter Web Company (LON: SWC). The warrants are exercisable at 2.5p each after the company has been quoted for 12 months. The warrants cost 100p each. The Smarter Web Company share price has fallen back to 32.5p.
Ther was a subsequent additional investment in WeShop, which floated on Nasdaq. Hot Rocks Investments owns 150,000 WeShop shares, which went to a substantial premium and despite falling back the share price of $95.10 is still a multiple of the issue price. This helped the Hot Rocks share price to recover to 1.675p.
Wishbone Gold (LON: WSBN)
+308%
The main rise in the share price happened during August when the gold explorer revealed that drilling at the Red Setter gold dome project in Western Australia has reached the top of a significant breccia pipe. In September, there was news that Wishbone Gold intersected multiple zones of brecciation and alteration sulphide mineralisation starting at around 520 metres in the second drill hole.
Assay results for the Red Setter gold dome project will be released over the next few months. Management will then formulate a plan for 2026.
Wishbone Gold consolidated 100 shares into one new share and trading commenced on 1 December. The share price ended the year at 75.5p, having reached the equivalent of 180p during September. That rise sparked a fundraising of £4m at 1.3p/share – equivalent to 130p.
Gowin New Energy (LON: GWIN)
+300%
The share price hardly moved during the year and then jumped to 0.03p on 19 December and remained at that level. On that day, there were two buys worth £10 and one sell worth £12.
The company has interests in LED products, tea trading and agarwood trading. Interim revenues were RMB51,000 and the cash outflow during the period was RMB756,000. The company is reliant on shareholder loans and has net liabilities.
BWA Holdings (LON: BWAP)
+157%
There was a sharp jump in the share price in early May when exploration results for the Dehane heavy mineral sands project in Cameroon were published. This showed significant accumulations of heavy mineral sands. Total heavy mineral sands grades were up to 4.7% over eight metres thickness. Significant areas remain untested.
There is increasing investment interest in Cameroon. BWA is starting due diligence and ground truthing at the Aracari gold project in Cameroon.
The share price has been unchanged at 0.45p for the past five months.
Ajax Resources (LON: AJAX)
+125%
Ajax Resources moved from the Main Market to Aquis on 18 June, but all the increase in the share price came after the switch. The initial rise came around the time of news that the Environmental Impact Study had been submitted for the Eureka copper and gold project in Argentina and then there was another boost when it was approved in December.
The peak was 7.75p. There was a subsequent share issue raising £1.2m at 5.5p each and creditors converted £110,000 of money owed into shares at the same price. This knocked the share price, and it has recovered to 6.75p on news that Ajax Resources has signed a conditional option to acquire the Rachaite silver, lead, zinc and copper/gold prospect in Argentina.