Eurasia (LON: EUA) stated on Friday that the western sanctions against Russia will not have any impact on its operations.
There is no impact on Eurasia’s operations or activities. No individual or entity identified in the Sanctions is associated with the Company in any way. The Directors would like to highlight the following: Has no bank accounts with Russian state-owned banks. The Company also has no relationship with any Russian state-owned banks.
Market Summary > @eurasiamining
LON #EUA
15.12 GBX+6.52 (75.81%)⬆️today
25 Feb, 13:34 GMT • Disclaimer
RNS comments "The Sanctions do not prevent the Company from executing on its strategy as announced." https://t.co/ZCxyn5d2Kd pic.twitter.com/COy3B3snm9— Share_Talk ™ (@Share_Talk) February 25, 2022
Cloudbreak Discovery PLC (AIM: CDL) What a month for the leading natural resource project generator, working across a wide array of mineral assets company, up 402.42% over the past month.
Back in late January, Borders & Southern (AIM: BOR) announced that it has been granted an extension to its Falkland Islands licences. The Company has been in discussions with the Falkland Islands Government regarding an extension to Production Licences PL018, PL019 and PL020 and Darwin Discovery Area Licence.
The Company received confirmation that all licences have been extended until 31 December 2022. Now jump forward to last Wednesday, 23rd February, Market Makers totally lost control and we saw the sp hit a 118% gain in one day
When you consider Oil‘s transformation from being worthless during the pandemic to $100 per barrel has played a big part in the Oil & Gas small-cap players rising to the top. Because there was so much oil, it was impossible to place it. In mid-April 2020, the price per barrel of West Texas crude fell below $0 as sellers had to pay to get rid of it.
Reabold Resources (AIM: RBD) the longstop date of the equity exchange agreement with Daybreak Oil and Gas Inc. (“Daybreak”), a US OTC traded oil and gas operator with assets in California (the “Transaction”), has been extended by mutual consent to 29 April 2022. Although it may not sound exciting, shares rose 49% in the week.
Egdon Resources Plc (AIM: EDR) holds a 30% interest and is the operator of the Wressle field located within licences PEDL180 and PEDL182 in North Lincolnshire on the western margin of the Humber Basin. JV partner Union Jack Oil PLC (AIM: UJO) “40% economic interest” announced this week a landmark US$3,000,000 revenues generated since the re-commencement of production on 19 August 2021.
Egdon share value rose 77.76% this past month and hit a new 52-wk high of 3.20p.
Another company that had that delayed ripple effect on the SP was ECR Minerals plc (AIM: ECR) added a 25% rise over the course of this week, with Zak Mir charting for a positive rise to come over the next 1-2 months.
ECR Minerals: Break of October resistance line and 50 day moving average @1.2p today, backed by a bear trap below 1.1p and a bullish RSI divergence line from December. November resistance line target of 1.9p while above 1.1p on a 1-2 months timeframe. #ECR pic.twitter.com/2v3ODHRMpP
— Zak Mir (@ZaksTradersCafe) February 23, 2022
Morses Club PLC (AIM: MCL) announced a massive profit warning BUT the chief executive has already left the building. Paul Smith, who was the chief executive of the company, announced his resignation at the same moment as the profit warning. He sold 464,119 shares at 42.65p, four days before the bad news hit. Morses stated that Smith did not notify it of Smith’s intent to sell the shares.
After falling 68% last week, shares trade at 13.475p.
Yet Morses wasn’t the worst performer of the week. Synairgen (LON: SNG) took the unwanted title, dropping 83% to 29.24p after it claimed that its treatment for Covid did not meet its primary and secondary goals during phase III clinical trials.
However, all may not be lost. Richard Marsden, Synairgen’s chief executive, pointed out that the disappointing trial result may have been due to significant changes in how patients are treated during the time between phase II and Phase III evaluations.
Audioboom Group PLC (AIM: BOOM) announced the continued expansion of its podcast network with the launch of three new podcasts from Audioboom Studios, the Company’s new production arm. Audioboom’s continued investment into content development will further grow the Company’s intellectual property, deliver increased gross margins to the business, expand audience reach, and develop premium advertising inventory.
When you consider the 55.79% gain over this past month, plus the bidding war hots up Amazon & Spotify now Sony enter the fray for podcasting firm.
Eve Sleep plc (AIM: EVE) New retail partnership with DFS was announced on Wednesday, a new retail partnership with DFS, the market-leading retailer of living room and upholstered furniture in the United Kingdom.
The shares would gain 58.21% over the course of the week when the markets closed on Friday.
This week was not a tough week for Russia-related stocks Ovoca bio (AIM: OVB) surged 29%, to 14.5p, after it announced that it has received marketing approval for Orenetide in treating hypoactive sexual desire disorder among pre-menopausal Russian Federation women. The nasal spray will be marketed in Russia under the trader name of Desirix.
Settlement of a legal matter is often celebrated. Arc Minerals Limited’s (AIM: ARCM) stock rose 31% last Friday after it was announced that both the UK and Zambian parties to ongoing legal cases had reached an agreement to resolve various disputed issues and to permanently drop all legal proceedings.
Energy System PLC (AIM IES) saw its price rise 26% to 97p following it being awarded £708,371 funding by the Department for Business, Energy & Industrial Strategy. This was in Phase 1 of the Longer Duration Energy Storage Demonstration Competition.
