{"id":110939,"title":"Share Talk Weekly Small Cap Movers & Shakers, Saturday 4th November 2023","publisher":"Share Talk","author":"sharetalk","published":"2023-11-04T14:22:18+00:00","modified":"2023-11-04T14:26:22+00:00","canonical_url":"https://www.share-talk.com/share-talk-weekly-small-cap-movers-shakers-saturday-4th-november-2023/","markdown_url":"https://www.share-talk.com/share-talk-weekly-small-cap-movers-shakers-saturday-4th-november-2023.md","json_url":"https://www.share-talk.com/share-talk-weekly-small-cap-movers-shakers-saturday-4th-november-2023.json","category":"Blogs","categories":["Blogs","Small Cap Review"],"tags":["Audioboom Group","Cadence Minerals","Cleantech Lithium","Corcel","Global Petroleum","Kromek Group","Orosur Mining plc","PowerHouse Energy Group","Surface Transforms"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/10/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM.jpeg?fit=1231%2C615&ssl=1","format":"news","language":"en-GB","content":"Whether it’s a billion pounds, a billion individuals, or for **Audioboom Group PLC (AIM: BOOM),** a billion advertising impressions in a single month.\n\nAudioboom, an AIM-listed company, reached this milestone in October after integrating new software into its podcasting platform, marking over a billion monthly advertising impressions for the first time.\n\nThe company shared this news on Thursday, reinforcing its position as one of AIM’s most successful companies for the week.\n\nThe platform generated 1.01 billion impressions, which were then marketed to brands aiming to reach its 38 million unique listeners, leading to October becoming Audioboom’s most lucrative month of the year in terms of revenue.\n\nhttps://twitter.com/Share_Talk/status/1720482112447340664\n\nStuart Last, the CEO, remarked on the significant growth Audioboom is experiencing.\n\nWith its unique software that refreshes ads in older content, Audioboom suggests that 2024 might witness record-breaking results, following this year’s revenue growth.\n\nThe company’s shares saw an 11% increase to 151p by week’s end.\n\nDigital stocks boost the junior market In other digital market news,** Sopheon PLC (AIM: SPE)** is the latest British tech company to attract investment from the United States.\n\nSopheon is considering a 100p-per-share offer from Wellspring, a software group under the ownership of Atlanta’s Resurgens Technology Partners.\n\nThe offer represents an 88% premium over Sopheon’s average share price, leading to an 85% surge in its shares post-announcement.\n\nZoo Digital Group plc also experienced a 26% increase over the week as it announced a strategic pivot in India, despite recent setbacks from Hollywood writers’ strikes.\n\n**Hydrogen Utopia International PLC (LSE: HUI, OTCQB: HUIPF)** saw its shares skyrocket by more than 40% on the junior market, driven by a positive research report on its 49% stake in Ohrid Organics, a European medicinal cannabis firm.\n\nThis move was praised as an innovative financing strategy that avoids share dilution.\n\nMeanwhile, **Real Good Food PLC (LSE: RGD)** reported a significant reduction in EBITDA losses and improved gross margins, causing its shares to nearly double before settling at a 30% increase by week’s end.\n\nAIM All-Share Index outperforms The AIM All-Share Index had a robust week, climbing 2.6% and outshining the FTSE 100 index, thanks to pauses in central bank interest rates in the UK and US.\n\nThe Bank of England’s decision to hold the interest rate at 5.25% for the second month buoyed the London stock market, despite the governor’s hints at sustained restrictive monetary policy.\n\nInvestors, however, interpreted the pause as positive, increasing their equity investments.\n\nChallenges in funding The week also highlighted funding challenges for small caps, as evidenced by Velocys PLC (AIM:VLS), which plunged by 70% due to delays in securing a funding agreement.\n\nVelocys is in talks with potential investors but has yet to finalize a deal, indicating a need for capital infusion before year-end.\n\nOther energy sector declines included **Global Petroleum, Cleantech Lithium**, and** Powerhouse Energy Group PLC,** all experiencing significant drops.\n\nIn manufacturing, **Surface Transforms (AIM: SCE)** reported a 35% decrease due to ongoing production issues.\n\nOn the brighter side, **Kromek Group PLC (AIM: KMK)** saw a 34% rise after securing new orders worth over $1 million for its CBRN detection products, with the majority of the revenue expected within the current financial year.\n\nIn the natural resources sector, **Cadence Minerals PLC (AIM: KDNC), Orosur Mining plc (LON: OMI),** and **Corcel PLC (LSE: CRCL)** all enjoyed substantial gains, each climbing by roughly 30%."}