The FTSE 100 ends the week on a high and hits a seven-week closing peak. The UK stock market wrapped up the week on a brighter note, with the FTSE 100 closing 51 points higher at 8,684 — a gain of 0.6% on the day.
This marks the index’s highest closing level since the final week of March, reflecting improved investor sentiment heading into the weekend.
The AIM All-Share rose by 1.75% this week, climbing to 733.18—its highest level since December 2024.
Belluscura (BELL) rebounded 72.7% to 0.95p following last week’s announcement of a strategic review, pushing the share price well above its pre-statement level. Despite the rally, the company continues to face a working capital shortfall, with just $1 million in cash and $790,000 in debt as of the end of April 2025.
Metals One PLC (MET1) extended its rally after confirming the acquisition of the Swales gold project in Nevada.
In junior mining, the concept of nearology—where proximity to a primary producing mine suggests potential success—often draws attention. While there is no guarantee, Metals One investors will hope that the favourable geology of the nearby Carlin Trend extends to Swales. Just 13 miles from the newly acquired site lies the Carlin Complex, a joint venture between industry giants Barrick Gold and Newmont, and the world’s largest gold-producing operation.
80 Mile PLC (80M) has disposed of its 15.5% stake. The MET1 share price surged 56.1%, climbing to 48p. Anyone who bought in a month ago would now be sitting on more than double their initial investment.
Cap-XX (CPX) surged 51.1% to 0.17p after securing a design contract with a major Asian conglomerate. Its supercapacitors will be integrated into a new headphone product set for launch in October, with the deal potentially opening the door to further opportunities.
Eden Research (EDEN) also saw a strong week, climbing 49.1% to 4.1p after receiving regulatory approval for its Mevalone product to combat powdery mildew on grapes in California—the state’s most common fungal grape disease. The addressable market for this application is estimated at €94 million.
H&T Group PLC (HAT) is set to end its 19-year run on London’s AIM market following a £297 million takeover agreement with US-listed FirstCash.
The move adds to the growing trend of UK small and mid-cap firms being snapped up at discounted valuations. Shares in the UK’s largest pawnbroking chain jumped 42% over the week after the 661p-per-share offer was unveiled on Wednesday.
Polarean Imaging PLC (POLX) climbed 35% after highlighting its collaboration with Philips. The Dutch healthcare giant plans to expand the use of Polarean’s Xenon lung MRI technology to include younger children with chronic obstructive lung disease, pending regulatory approval.
The company also received a boost from strong scientific interest, with its technology featured in over 30 clinical studies presented at the American Thoracic Society’s annual meeting in San Francisco this month.
FALLERS
Empyrean Energy (EME) reported that the Wilson River-1 drill stem test has been completed, confirming the recovery of formation water. As a result, the well will be plugged and abandoned. The market reacted sharply, with the share price plunging 73.8% to 0.0275p.
Mirriad Advertising PLC (MIRI) saw its share price tumble 35%, despite raising £1.6 million to meet its immediate funding needs. The company, which specialises in placing adverts within films and TV shows, issued 16 billion new shares at a discount—causing significant dilution for existing shareholders and driving the decline.
Mosman Oil and Gas (MSMN) has raised £1.25m through a placing at 0.045p per share and may raise up to an additional £300,000 via a retail offer. The funds will support its helium projects in the US and Australia.
Separately, the company announced that the Barclay-TH 295 106A well on the Billy Goat lease area has flowed gas at a rate of 63 mcf/day. Samples are currently being analysed to determine the gas composition. Despite the operational update, the share price fell 20.5% to 0.0485p.
Sunda Energy (SNDA) has issued 3.13 billion new shares at 0.03995p each following the conversion of loan notes. In addition, 1.8 billion warrants have been granted with an exercise price of 0.051935p. The share price dipped 8.6% to 0.0425p, reflecting the impact of the increased share issuance.
88 Energy (88E) has completed a 25-for-one share consolidation. Based on the adjusted basis, the previous closing price was equivalent to 1.4375p. Following the consolidation, the share price fell 27% to 1.05p.
