Tooru (TOO), an AIM-listed company focused on the branded health and wellness sector, provided a trading update. TOO said it was “pleased to report that we are expecting our operating subsidiaries to deliver a strong EBITDA performance for 2025 compared to the prior year, which is in line with management’s expectations.
Importantly, this positive momentum has continued into Q1 of 2026, with our operating businesses generating monthly average gross revenue of around £1 million and EBITDA of £150,000. Going forward, we expect these levels to increase as OAF builds its market presence and Pulsin benefits from increased capital investment and distribution. The Board believes that this performance highlights the strength of the Group’s portfolio and provides a solid platform for continued growth.”
Comment: TOO has in not too long a timeframe managed to carve a niche for itself in the branded health area, and rather gratifyingly has the profile and distribution with major retail players to gain a decent footprint. Expect more of the same as far as the optimism being delivered in today’s RNS.
Ariana Resources plc (AAU), the mineral exploration and development company with gold project interests in Africa and Europe, advised that it has agreed to sell 13.6% out of its 23.5% interest in Zenit Madencilik San. ve Tic. A.Ş. to existing Zenit shareholder Özaltin Holding A.Ş.
Comment: For some reason even receiving constant coverage from someone who is kryptonite for small cap companies has not managed to move the dial for the AAU share price. Or is the analogy having Dracula in charge of a blood bank? Answers on a postcard.
New Frontier Minerals Ltd (NFM) provided an update on the NWQ Copper Project following a joint field visit to the Big One Deposit (hosts a JORC 2012 Inferred Mineral Resource Estimate of 2.1 Mt at 1.1% Cu for 21,886 tonnes of contained copper metal1), Big One North anomaly and the historical Mt Storm prospect, conducted with the geological team from strategic partner Austral Resources Ltd (ASX: AR1). The visit marks a further step in advancing exploration and the commercialisation pathway for the NWQ Project.
Comment: It would appear that the more positive noises NFM makes, the more its shares seem to be determined to keep on bumping along the bottom of the range. This is not what one would expect from an explorer / developer in the current environment.
Winvia Entertainment (WVIA), a technology-led entertainment business focused on Prize Draw Competitions and Online Gaming, announced that it has entered into an asset purchase agreement with Robert Savage, Peter Savage and Amy Savage (the “Sellers”) to acquire the trade, business and key assets (excluding any liabilities, cash and trade receivables) of Rev Corp Limited (“Rev Comps”) (the “Acquisition”). The Acquisition is conditional upon the migration of Rev Comps onto Winvia’s core technology platform and certain customary conditions to be satisfied prior to completion which is expected to occur by 1 July 2026.
Comment: It would appear to be happy days for the Savage family, although one wonders why these good people did not just list their business themselves, rather than selling out to a third party. Perhaps the idea of being on the stock market simply did not appeal? One wonders why…
Blencowe Resources Plc (BRES) announced a maiden JORC (2012) Mineral Resource Estimate for the Beehive deposit, part of the Company’s 100% owned Orom-Cross graphite project in Uganda. Beehive is one of two substantial new discoveries (together with Iyan) made through the Company’s most recent drilling programme and represents another major step change in Orom-Cross scale. Following the maiden Iyan JORC Mineral Resource (which lifted the Orom-Cross resource base by 66% to 43.0 Mt), the maiden Beehive JORC Mineral Resource adds 21.3 Mt @ 6.58% TGC (Inferred) and increases total Orom-Cross JORC Mineral Resources to 64.3 Mt @ 6.03% TGC (Measured + Indicated + Inferred) across Northern Syncline, Camp Lode, Iyan and Beehive. This further demonstrates Orom-Cross as a multi-deposit, long-life, large-scale graphite development with total Orom-Cross JORC Mineral Resources up 168% since commencement of the Stage 7 programme. Importantly, the current Beehive JORC Resource has been modelled over only circa 22% of the Beehive anomaly.
Comment: The drip-drip of positive news continues here at BRES, although one still gets the feeling that the market does not appreciate the wonders of Orom-Cross as much as it should. At least the shares are making a decent base above their rising 200 day moving average at 7.25p and have not been below it since as long ago as last July.
Powerhouse Energy Group (PHE), a company focused on the conversion of non-recyclable waste into low carbon energy alongside its revenue-generating engineering consultancy division Engsolve, said it was thrilled to announce a landmark achievement, winning the prestigious “Energy From Waste Innovation Achievement Of The Year” award at the letsrecycle.com Awards for Excellence 2026. At the heart of this achievement is the Company’s groundbreaking proprietary DMG® system, which transforms non-recyclable plastics and other hard-to-abate waste streams into clean syngas or high-purity hydrogen.
Comment: Not quite the Oscars. However, this award comes at a time when renewable energy and energy security are both very much in focus in the wake of the Iran conflict. This may explain the bounce in PHE shares since the recent fundraise, apart from the usual suspects leaking it / attempting to trash the company.
The Smarter Web Company (SWC) announced the appointment of Jon Bird as Head of Marketing, with immediate effect. Jon will lead the Company’s marketing strategy, overseeing brand development and marketing communications, including digital marketing, PR and content across all channels, as the Company continues to scale its marketing function.
Comment: Rather surprised not have got the call on this gig, especially with my idea that SWC is proving Einstein’s Theory of Madness wrong: buying bitcoin again and again and hoping for a different result.
Rockfire Resources plc (ROCK), the base metal, critical mineral and precious metal exploration company, provided the market with a drilling update from Rockfire’s 100%-owned Molaoi zinc deposit in Greece. ROCK said “As shown in the above examples, there is considerable variation of both grade and width of the mineralised lodes. This variation is expected in mineral deposits, however the critical characteristic of Molaoi to remember is that every hole in the main lode has intersected zinc, silver, germanium and lead. The mineralisation continues to be robust and predictable. I take this opportunity to highlight that local community support for the project remains strong and the government in Athens is also strongly supportive of Rockfire and the drilling activities being undertaken. Our use of above-ground tanks instead of digging in-ground sumps where possible is appreciated by the landowners. Rockfire is proud of its track record of not having destroyed any olive trees, despite drilling between rows of old-growth trees.”
Comment: It is interesting that however much good news ROCK throws at the market, this has thus far not really been enough to move the share price off the range floor. That said, perhaps a bit of virtue signalling regarding the local community and protecting olive trees may move the dial.
CelLBxHealth plc (CLBX), a CTC intelligence company specialising in innovative circulating tumour cell (CTC) solutions for use in research, drug development and clinical oncology, announced a collaboration with AdventHealth, one of the largest faith-based health systems in the United States, for the use of CelLBxHealth’s Parsortix® platform in two clinical studies. The studies, titled ACTION and SUNRISE, will employ minimally invasive cancer monitoring by isolating and analysing circulating tumour cells (CTCs) from patients undergoing treatment.
Comment: There would appear to be an across the board purple patch occurring at the moment for the small listed biotech companies, and CLBX looks to be at the forefront of this. Of course, it always helps when initiatives are with US counterparties.
Tap Global Group plc (TAP), an innovative digital finance hub that brings money payments and crypto settlement services together in a single user-friendly app, provided an interim update on the launch of Tap Earn – a yield product offering the Group’s customers competitive variable yields on eligible cryptocurrency and stablecoin holdings, directly within the Tap mobile application.
Since launch, Tap Earn has achieved Assets Under Management (“AUM”) of US$3.5 million through customer deposits, activating a new recurring revenue stream for the Company based on yields accrued on AUM.
Comment: Like many of the company’s previous initiatives, Tap Earn seems a good one. Perhaps the acid test this time will be whether the shares finally go up and stay up, something they have been rather loathed to do. Rather like the company itself not being particularly keen to engage with the stock market, or shareholders…
Disclaimer & Declaration of Interest:
The information, investment views, and recommendations in this Zaks Traders Cafe interview are provided for general information purposes only. Nothing in this interview should be construed as a promotion or solicitation to buy or sell any financial product relating to any companies under discussion or referred to or to engage in or refrain from doing so or engage in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the commentator but no responsibility is accepted for actions based on such opinions or comments. The commentators may or may not hold investments in the companies under discussion.
