AIM movers: Online Blockchain Rocky Horror NFTs and Rosslyn Data ARR improves
Online blockchain (LON:OBC) plans to launch a new non-fungible token project based on The Rocky Horror Show. A deal has been struck with Interfishnet, which holds the rights to the musical. 50 years have passed since the first performance. Online blockchain gets a share of the revenue. The share price rose 17.1% to 24 pence.
Sunrise at the Caspian Sea (LON: CASP) unexpectedly encountered oil above the expected formation at hole Deep 802 on the Deep Yelemes structure. Drilling had reached 3,900 meters and management expected to find oil at 4,300 meters. Flow rates ranged from 700 to 900 barrels/day. This could eventually become a significant addition to the production. Already, there’s an attractive yield from dividends paid monthly from cash flow. The share price improved 14.3% to 5.9 pence.
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service providers for remote locations RA International (LON: RAI) has been awarded a contract by the Foreign, Commonwealth and Development Office to provide construction services for the High Commission in Botswana. This is estimated at £3.3 million. There are also three joint venture contracts for the US Navy base at Diego Garcia valued at US$8.2 million. The share price rose 13% to 13p.
This was announced on Friday evening Frasers Group (LON:FRAS) had increased his stake N Brown (LON: BWNG) from 5.04% to 17.9%. The share price rose 10.6% to 35.375 pence.
European Metals Holdings (LON:EMH) has received EU approval for potential €1.6 billion Just Transition Fund grant funding for Cinovec’s 49%-owned lithium-tin project in the Czech Republic. The maximum grant could be 49 million euros. WH Ireland estimates a fair value of 184 pence per share. The share price rose 12% to 42 pence.
Developer of sustainable biopesticides Eden Research (LON: EDEN) says Mevalone has been approved in Italy for use in home gardens to control fungal pathogens. This is the first product approval for home gardens. In 2022, revenue was 55% higher at £1.7m. The share price rose 10.5% to 5.25 pence.
Interim sales at cloud-based data analytics provider Rosslyn Data Technologies (LON: RDT) declined slightly to £1.4m. Despite this, annualized recurring revenue rose 11% to £2.5m, suggesting more positive momentum. Most customers have been migrated to the new Rosslyn platform. A new three-year contract worth £285,000 has been secured with a defense client. The share price fell 23.5% to 0.65p.
fintech Tintra (LON: TNT) has received the $10 million subscription at 1178 pence per share from UAE-based Ares FZE, which will help fund the company through the end of this year. This corresponds to 4.24%. All two shares come with a warrant exercisable at 504 pence each, although this is subject to the company’s market cap reaching $500 million. Allenby published his introductory note on Tintra. The subscription price is a massive premium to the market price late last week but still fell 11.9% to 185p.
Beximco Pharmaceuticals (LON: BXP) increased intercompany income to £164.4m from £146.7m but profit after tax fell to £10.4m from £14.3m on higher overheads and a reduction in other income. Foreign exchange also had an impact. Cash generation helped reduce debt. Synovia Pharma will continue to be integrated into the Bangladesh-based generic pharmaceuticals and ingredients provider. Shares fell 7% to 46.5 pence.
gold production through Pan-African Resources (LON:PAF) was lower than expected in the six months ended December 2022. 92,000 ounces were produced, which was 7% below forecast. Pan African Resources continues to expect full year production of 195,000-205,000 ounces. Higher capital investments resulted in net debt of $50 million. The share price fell 7.2% to 17.15 pence.