{"id":122216,"title":"Share Talk Weekly Small Cap Movers & Shakers, Saturday 3rd May 2025","publisher":"Share Talk","author":"sharetalk","published":"2025-05-03T13:10:20+00:00","modified":"2025-05-03T13:10:20+00:00","canonical_url":"https://www.share-talk.com/share-talk-weekly-small-cap-movers-shakers-saturday-3rd-may-2025/","markdown_url":"https://www.share-talk.com/share-talk-weekly-small-cap-movers-shakers-saturday-3rd-may-2025.md","json_url":"https://www.share-talk.com/share-talk-weekly-small-cap-movers-shakers-saturday-3rd-may-2025.json","category":"Blogs","categories":["Blogs","Small Cap Review"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2025/03/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM-750x406-1.webp?fit=750%2C406&quality=80&ssl=1","format":"news","language":"en-GB","content":"The UK’s benchmark [FTSE 100 index closed higher on Friday](https://www.share-talk.com/the-ftse-100-recorded-its-longest-run-of-gains-in-over-eight-years/), extending its longest-ever streak of gains.\n\nThe UK’s leading stock index closed 1.17% higher on Friday, while the FTSE 250, which tracks mid-sized companies, rose 0.52%. The gains came after China’s Ministry of Commerce announced it was “currently evaluating” a US proposal to begin negotiations.\n\nAccording to Bloomberg, this marked the FTSE 100’s 15th consecutive day of gains—the longest unbroken run in its history. The index has climbed 2.15% over the past week alone.\n\n**Dr Graham Cooley Increases Stake in Distil**Dr Graham Cooley has raised his holding in spirits company **Distil (DIS)** from 17.3% to 18.1%. While the share price has retreated from its intraday high, it remains up 46.7% at **0.11p**.\n\n**Emmerson Seeks ICSID Arbitration Over Moroccan Dispute****Emmerson (EML)** is pursuing arbitration via the International Centre for Settlement of Investment Disputes (ICSID), a World Bank body, in relation to its ongoing dispute with the Moroccan government over the Khemisset potash project. The company is seeking **$2.2bn** in compensation. A **$11.2m** litigation funding facility will cover related costs. Shares rebounded **30.6%** to **2.35p**.\n\n**Gfinity Launches Yentra.AI and Generates First Revenues from Connected IQ****Gfinity (LON: GFIN)** has begun commercialising its AI technology, **Connected IQ**, under licence from 0M Technology Solutions, with first revenues recorded in April. The company is currently in discussions with major advertising agencies to deploy the platform in brand campaigns and service offerings. To support growth, additional sales staff have been hired.\n\nGfinity has also launched **Yentra.AI**, a new venture combining its software engineering, AI consulting, and Web3 development operations for commercial clients. Gfinity holds a **51% stake**, with the remaining shares owned by management. The share price climbed **22.2%** to **0.0825p**.\n\n**GenIP Secures First Client for New AI Product**Generative AI firm **GenIP (GNIP)** has signed its first client—a big four accountancy firm—for a new AI-powered competitive intelligence tool. The product analyses data to generate actionable business insights. Shares rose **14.8%** to **31p**.\n\n**Eleco Exceeds Expectations, Boosts Dividend**Architecture and construction software group **Eleco (ELCO)** reported a rise in pre-tax profit from **£4.2m to £5.4m**, surpassing upgraded expectations. The dividend has been increased by **25% to 1p/share**. The company’s transition to a SaaS model is supporting profitability, while upselling has pushed net revenue retention to **109%**. Pre-tax profit is forecast to reach **£6.8m** this year, with annualised recurring revenue expected to grow from **£26.6m to £32.6m** by 2025. The share price rose **6.61%** to **129p**.\n\n**Prospex Energy Reports Strong Output from Selva Field, Faces Temporary Viura Setback**Oil and gas producer **Prospex Energy (PXEN)** reported average daily production of **77,292 standard cubic metres (scm)** from the Selva Malvezzi concession in Italy, in which it holds a **37% interest**. Prospex’s share of income from the site was **€1.24m**. An application has been submitted to drill four additional wells, alongside plans to conduct a 3D seismic survey.\n\nIn Spain, production at the **Viura** field has been temporarily halted due to a leak in the completion tubing at the Viura 1-B well. Output is expected to resume by **mid-June**, though near-term income from the site will be affected. The share price rose **2.69%** to **5.75p**.\n\n**FALLERS**\n\n**Mirriad Advertising Revenue Disappoints as Cash Dwindles and Administration Looms**In-content advertising firm **Mirriad Advertising (MIRI)** reported **first-quarter revenues of just over £80,000**, citing seasonally weak conditions and lower-than-expected activity levels.\n\nCash reserves dropped to **£2.7m** at the end of March 2025, with a **monthly cash burn of up to £750,000**. Discussions around a potential acquisition have ended, and the company now urgently needs to raise additional funds. Management has confirmed that **placing the company into administration is under consideration**.\n\nShares plummeted **83.8%** to **0.055p**.\n\n**Totally Launches Strategic Review Amid Forecast Downgrade and Cash Pressures**Healthcare services provider **Totally (TLY)** has initiated a **strategic review** following a significant **downgrade in expectations** for the year ending March 2025. The revision is attributed to a **contract delay** and the **termination of higher-margin NHS111 services**. EBITDA guidance has been cut from **£3.5m to a range of £0–£2m**, while **exceptional costs have risen to £3.8m**. The **finance director has resigned**, and a **tight cash position** has triggered the review to explore options for **strengthening the balance sheet**. The share price plunged **63% to 1.5p**.\n\n**Ethernity Networks Raises £800k to Pay Creditors and Advance ASIC Development****Ethernity Networks (ENET)** is raising **£800,000** through a placing at **0.022p per share**, with each share accompanied by a **warrant exercisable at 0.045p**. Proceeds will be used to **settle creditor obligations** and support **ASIC development**. The company is progressing in talks with a wireless business as part of its **transition to a semiconductor-focused strategy**. Shares dropped **25% to 0.0225p**.\n\n**Xtract Resources Doubles Strike Extent at Zambian Copper Project****Xtract Resources (XTR)** reported further assay results from its **Silverking copper project** in Zambia, where it has the option to earn up to a **70% interest**. The new results have doubled the strike length of high-grade mineralisation to over **160 metres**, with drilling set to extend to **400 vertical metres**. The company also noted that lower-grade mineralisation may still be commercially viable. Shares declined **5%** to **0.95p**.\n\n**Kore Potash Suspended on ASX Ahead of Kola Financing Terms****Kore Potash (KP2)** remains trading on AIM and in South Africa, though trading was suspended on the **ASX** pending the outcome of draft financing proposals for the **Kola project**. The suspension will be lifted once negotiations conclude and non-binding term sheets from the Summit consortium are finalised. Shares slipped **3.72%** to **2.85p**, though they remain up on the week.\n\n**Caspian Sunrise to Proceed with Block 8 Deal Despite Licence Delay**Oil and gas group **Caspian Sunrise (CASP)** says **licence renewal delays** for the **Akkaduk structure** in Kazakhstan have held up completion of the **Block 8 acquisition**. Despite this, the company has decided to **move forward with the deal** and is seeking **government approval**. It also awaits regulatory clearance for the **$88m sale of other assets**. The share price fell **5.36% to 2.65p**."}