--- title: "Share Talk Weekly Small Cap Movers & Shakers, Saturday 20th July 2024" publisher: "Share Talk" author: "sharetalk" published: "2024-07-20T12:01:02+00:00" modified: "2024-07-20T12:27:13+00:00" date: 2024-07-20 canonical: "https://www.share-talk.com/share-talk-weekly-small-cap-movers-shakers-saturday-20th-july-2024/" category: "Blogs" categories: ["Blogs", "Small Cap Review"] tags: ["Billington", "Dianomi", "Genedrive", "Georgina Energy", "Hornby", "Ingenta", "Intelligent Ultrasound Group", "Mining Minerals & Metals", "Orcadian Energy", "Parkmead", "Versarien"] image: "https://i0.wp.com/www.share-talk.com/wp-content/uploads/2024/05/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM.webp?fit=1200%2C600&quality=80&ssl=1" format: "news" language: "en-GB" --- # Share Talk Weekly Small Cap Movers & Shakers, Saturday 20th July 2024 **Published:** July 20, 2024 **Author:** sharetalk **Categories:** Blogs, Small Cap Review **Tags:** Billington, Dianomi, Genedrive, Georgina Energy, Hornby, Ingenta, Intelligent Ultrasound Group, Mining Minerals & Metals, Orcadian Energy, Parkmead, Versarien **Featured image:** ![](https://i0.wp.com/www.share-talk.com/wp-content/uploads/2024/05/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM.webp?fit=1200%2C600&quality=80&ssl=1) --- It was a rather lacklustre week for the UK’s small-cap stocks, with the AIM All-Share index stagnant at 783.80, down 2.31 points. Despite this, it outperformed the FTSE 100, which ended the week 1.2% lower. Keep an eye out in the next couple of weeks for **Georgina Energy**, which is defying the recent trend by joining the UK stock market through a £5 million reverse takeover involving a shell company called **Mining Minerals & Metals PLC (LSE: MMM)**. Georgina is among a growing number of helium companies listed in the UK. The team, led by Anthony Hamilton, hopes to replicate the success of Helix Exploration, whose stock has risen 260% since its IPO in April. Georgina Energy boasts two potentially significant assets in Australia, with prospects for helium, hydrogen, and natural gas. The company is expected to make its [market debut on July 30, joining the LSE’s Standard List.](https://www.share-talk.com/mining-minerals-metals-plc-lonmmm-is-finalising-an-all-share-acquisition-of-georgina-energy/) **Versarien PLC (AIM: VRS),** down 45% year-to-date, managed to halt its decline this week. The advanced materials group settled a loan with a subsidiary, Gnanomat, giving it 90% control of the business. This move allows Gnanomat to potentially secure grant funding from the Madrid region. As a result, Versarien’s share price jumped by 40%. Shares in **Hornby PLC (LSE: HRN)** surged 30% after CEO Oliver Raeburn purchased nearly 40,000 shares with his own money. Such director purchases are often seen as positive signals by the market. **Intelligent Ultrasound Group PLC (AIM: MED)** saw its shares rise by 48% following the announcement of a ‘material return of capital’ after agreeing to sell its clinical AI operations to healthcare giant GE for £40.5 million. As part of the deal, IUG will retain its NeedleTrainer and NeedleTrainer Plus products. **Parkmead (LON: PMG)** has been officially awarded the UK offshore licence P2634, located in the Outer Moray Firth. **Orcadian Energy (LON: ORCA)** is the joint venture partner. The companies will assess the potential for commercial development and seek regulatory approval. Parkmead’s share price rose by 19.2% to 14p. It was also a significant week for investors in **genedrive PLC (AIM: GDR)**, with shares up 53% after receiving Breakthrough Device Designation from the US Food & Drug Administration for its Genedrive MT-RNR1 ID kit. This diagnostic tool is the first rapid point-of-care test to screen infants for a genetic variant that can cause lifelong hearing loss if certain antibiotics are administered. Digital advertising services provider** Dianomi (LON: DNM)** has recovered from yesterday’s loss following the trading statement. Interim revenues remained flat, but gross margins dipped to 26%. Overheads were reduced, maintaining profitability similar to the second half of 2023. The company has £8.1m in the bank, though there is still uncertainty regarding the timing of contracts. The share price is up 9% at 60.5p. Steel structures supplier **Billington (LON: BILN)** saw shareholder Gutenga Investments sell 1.86 million shares, reducing its stake to 20%. Meanwhile, Charles Stanley increased its holding from 4.93% to 9.93%. The share price rose by 3.06% to 505p. Publishing software and services provider **Ingenta (LON: ING)** has secured three new contracts, including two follow-on contracts with existing customers. These multi-year contracts are valued at over £500,000. The largest contract is a three-year deal worth £1.4m to migrate, host, and support an existing customer’s Vista deployment on Ingenta’s dedicated infrastructure. The share price increased by 7.14% to 127.5p. **Fallers** **Chaarat Gold Holdings Ltd (AIM: CGH)**, **Destiny Pharma PLC (LON: DEST)** and **Sondrel (Holdings) PLC (AIM: SND)** topped AIM’s losers list this week after announcing their departure from the junior market. They are part of a broader exodus of smaller companies, primarily in the tech and biotech sectors, frustrated by a funding drought and the declining popularity of growth stocks. A rescue financing plan for **Chaarat Gold Holdings Ltd (AIM: CGH)**, which will reduce current investors’ stakes to just 4%, is expected to lead to the mine developer’s delisting. The Kyrgyz Republic-focused group aims to cut its existing liabilities by more than 50% to under $20 million and secure a new working capital facility of up to $5 million. The company’s shares have fallen 73%. For anti-infectives specialist **Destiny Pharma PLC (LON: DEST)** down 49%, chaired by City grandee Sir Nigel Rudd, the decision was crucial: the company left AIM to avert a financial collapse. Shares of semiconductor designer **Sondrel (LON: SND)** continue to decline following their return from suspension after the release of the 2023 accounts. This drop comes ahead of the proposed general meeting [vote to cancel the AIM listing](https://www.share-talk.com/sondrel-holdings-plc-aimsnd-cancelling-its-aim-listing/). The share price is down 13.3% at 3.25p. **Alba Mineral Resources PLC (AIM: ALBA)** saw its shares drop by 36% as it faced the harsh costs of raising new funds in a challenging market. The placing and subscription were priced at 0.035p per share, compared to the Wednesday closing price of 0.047p. The proceeds will fund ongoing work at the Clogau-St David’s Gold Mine in Wales. --- **Original URL:** https://www.share-talk.com/share-talk-weekly-small-cap-movers-shakers-saturday-20th-july-2024/ *Created by [WP Markdown Endpoint](https://wpmarkdownendpoint.com/)*