Conroy Gold and Natural Resources PLC, (AIM: CGNR) soared by 52% after it announced a step-out drilling program on Clontibret’s gold target.
This programme is part of a joint venture with Demir Export that aims to explore and develop the new, district-scale gold trend discovered in Ireland by Conroy Gold on the Longford-Down Massif.
The first programme will consist of eight drilling holes measuring approximately 3,000 meters and will be completed by the end of April 2022.
After a showing of support by the directors and associates of Purplebricks PLC, the share price of estate agent Purplebricks PLC has seen a significant improvement. Sharon Pindar (the wife of Paul Pindar), purchased 112,500 shares for 15.75p each and 587,549 more shares for 18.19p each.
Elona MortimerZhika, a non-executive director, bought 37,500 shares for 15.75p each and another 205,650 shares for 18.19p each. Simon Downing, a senior independent director, purchased 1,000,000 shares at 16.3p each share.
This week, EQTEC PLC (AIM EQT) was up by a third on news about a subsidiary. It launched a French unit which will work with SEPS SAS in the development of contaminated waste treatment facilities.
ValiRx PC (AIM: VAL), is a life-science company that focuses on early-stage cancer therapies and women’s healthcare. It wants to make a saving by having its early-stage projects tested in-house.
To create a more efficient and productive translational drug development service, the company is looking at acquiring infrastructure and capabilities. The new unit will not only be responsible for company testing but also offer its services to other parties. This idea was well received by the market and the shares rose by 40.37% this week.
OptiBiotix Health PLC (AIM: OPTI) saw a 23% jump in this week’s trading as it announced plans to list its ProBiotix Health unit on the Aquis Market, raising £2.5mln for the newly independent company.
Bezant Resources PLC, (AIM: BZT) stated that authorities in the Philippines renewed the mineral production sharing arrangement for the Mankayan Project for another 25 years. They called it a “catalyst for the development” of the copper-gold property. Crescent Mining is currently developing porphyry-hosted deposits. It has started the feasibility study and engaged contractors to finish the scoping phase. Next is a drilling campaign to support geotechnical studies.
Bezant, who holds a 27.5% stake in Australian company IDM and has an interest Mankayan, stated that it was “very happy” that the production sharing agreement had been extended; investors were also pleased, as they chased 24% higher shares.
It was a busy week at Mobile Streams PLC (AIM: MOS), which announced its half-year reports, an acquisition and a share placement, as well as a proposed partnership. The share placing was at 0.0.3p, which was responsible for the shares plummeting 21% to 0.305p this week.
The £1.2mln it raised will be used to finance its part of a joint venture with esports company Gfinity PLC. (AIM: GFIN). Half-year revenue increased to £281,000, from £176,000 during the second half 2020. From £353,000 last year, the loss before tax increased to £640,000.
Amur Minerals PLC, (AIM: AMC) which focuses on projects in the Far East of Russia, rose by a quarter this week, while Eurasia mining, which operates the West Kytlim Mine in the Urals, and the Monchetundra Project in northwest Russia ended the week 30% higher.
SpectrumX, which taps the healthcare and commercial potentials of hypochlorous acids, has finally set the ball rolling on a London listing.
The group submitted its prospectus to London Stock Exchange in advance of a spring float. It was expected that the valuation would be around £50mln.
Sources indicate that a £10mln preIPO round is largely complete. The group plans to bring in around £5mln by the time the company debuts on the stock market.