Omicron strain, the Covid-19 virus, dominating headlines, made it a great time to submit its rapid point-of-care molecular test for SARS/CoV-2 detection for CE/IVD certification.
Genedrive PLC’s (LON: GDR) COV19 ID kit provides a step-change for rapid molecular testing. It delivers positive results in 7.5 minutes and negative results in 17 minutes. This news sent shares up 86% to 43.25p
After sensing the shift in Sweden towards mining projects like Beowulf’s Kallak, investors poured into Beowulf Mining (LON: BEM) firm this week.
Kurt Budge, chief executive officer of the company, wrote to Karl-Petter Thorwaldsson in a letter. He was referring to the recent political changes in Sweden’s composition and public statements made by you and your Prime Minister.
After positive comments by Magdalena Andersson (the new Swedish prime minister) about the need to have more mines in Sweden and an indication from Thorwaldsson regarding the Kallak project, the shares nearly doubled to 10.1p.
Although the first exploration license at Kallak was issued in 2006, concerns about the impact of mining on reindeer herds have impeded the development of the Kallak project.
“All evidence in Sweden shows that industrial activity and reindeer farming coexist.” This also applies to the mining sector where, despite differences in opinion, all parties benefit,” Budge stated in his letter addressed to Thorwaldsson.
After a successful introduction into the market, investors in Technology Minerals PLC (LSE: TM1) have a lot to be happy about.
The stock started at 2.25p and is currently trading at 3.09p. This gives a profit of 37% to those who participated in the November 17 IPO. The price had risen to 4p at one point last week. TM is a play on battery metals with a green twist. It has mines that can supply the battery power needed to keep pace with growing demand.
49% also holds a business that recycles lead-acid as well as lithium-ion battery batteries. With two sites planned to open next year, the recycling business could be cash flow positive and profit-making in no time.
Tungsten Corp PLC, (AIM: TUNG) is a sad example of an initial public offering (IPO). Provided some much-needed support to shareholders with its latest announcement. This increased the share price by 36% and 33.5p.
The e-invoicing company was floated at 225p in October 2013. It has been a dog stock ever since. However, it rose after Amazon Business announced that it had been chosen by the US giant to support its global e-invoicing program in Europe and the US. Customers will be able to automate the processing of Amazon Business invoices using the Tungsten electronic invoicing network.
Many people think of John Lewis as Christmas, but not John Lewis of Hungerford, the specialist retailer and manufacturer of kitchens, bedrooms, and freestanding furniture.
John Lewis (LON: JLH) saw its shares rise by a third, to 1.675p, after entering into a 10-year lease with a five-year break at the company’s option. The warehouse facility has additional office space on Grove Business Park, close to Wantage, at an annual cost of around £65,000. This is a huge boost for the company.
Marshall Motor Holdings PLC, (AIM: MMH), jumped to 392p (up 43 per cent on the week) after its board recommended that Constellation Automotive Group takeover. Constellation Automotive Group owns Cinch as well as webuyanycar.com. This offer is for 400p per share in cash.
PipeHawk PLC (AIM: PIP), sent shares in ground-penetrating radar specialist 8.9% higher to 16.75p.
QM Systems, one of the principal subsidiaries of the group, has formed a partnership to produce a “groundbreaking” green energy solution for domestic heating and hot water.
Napster Group PLC, (AIM: NAPS), once the king in music file-sharing (back when it was a “thing”), struck a bad note with investors when they announced plans to delist from London. The shares plunged 56% to 0.375p.
Ondine Biomedical is a Vancouver-based life sciences company that specializes in drug-resistant infections. This story is especially noteworthy because it uses a photo-disinfection process on Covid-19. It will be admitted to AIM in December. The company has a market capitalization of £195mln and is likely to raise £22mln. Arden Partners (AIM-ARDN) will serve as the broker and advisor.
