SMALL CAP MOVERS: Reinvented fintech firm Tintra, gas storage project Harland & Wolff and Cornish Metals Tintra saw its shares surge 54 per cent to 103.4

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Tintra was one of the big winners on AIM this week as the lottery software company took another step towards its transformation into a banking technology provider.

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The company, which has made various reinvestments since floating into the junior market as The Weather Lottery in 2006, saw its shares rise 54 percent after signing an agreement to set up a joint venture to develop artificial intelligence investments. Seen up to 103.4p. research tool.

James House over the summer, Tintra now says it aims to build an ‘open, integrated banking capability’ for marginal and emerging markets, which it believes is the current The U.S. is under-served by the financial industry.


Change was also effective in the oil and gas sector, showing that one person’s crisis is another person’s success, as rising energy prices have prompted many investors to re-evaluate the legacy of London’s producers and explorers. .

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Change was also effective in the oil and gas sector, showing that one person’s crisis is another person’s success, as rising energy prices have prompted many investors to re-evaluate the legacy of London’s producers and explorers. .

Several companies set their own stocks on fire, with positive news updates during the week.

The Islandmagee gas storage project off the coast of Northern Ireland was given the green light amid growing concerns about the UK’s gas supply, leading to a rise in the shares of newly licensed holder Harland & Wolfe Group, which would eventually own 25 per cent of UK storage. could be more. Capacity.

Shares jumped 38 per cent to 24.5p.

Providing an additional boost for itself, Zephyr Energy PLC said it will begin drilling at its flagship project in the Paradox Basin in Utah next week and expects to move on to production testing within a week.

Shares climbed 11 per cent to 7.46p during the week.

Falcon Oil & Gas Ltd jumped 15.8 percent to 8.64p on Friday after disclosing ‘very encouraging’ preliminary results from the Valkeri 76S2-1 well in the Beetleoo sub-basin in Australia.

Many other aspects of the broader commodities world are shining as well, including gold.

Oracle Power shares were up 20 per cent at 0.47p after completing the first phase of drilling at the Northern Zone gold project in Western Australia.

Caledonia Mining posted a record second consecutive quarter of gold production from the Blanket mine in Zimbabwe and narrowed its production guidance for 2021 to the upper end of its previous range, allowing its shares to climb 9 percent to 1,020p.

Topping them both was Cornish Metals, which rose 26 percent to 14.83p after the announcement of the boardroom appointment of Stephen Gatley, a mining engineer who was the group’s general manager at South Crofty, when the previous owners bought it in 1998. I was closed.

Tin prices have also been one of the best performers among metals this year.

Greatland Gold was one of the big small cap mining stories of the week as a pre-feasibility study of its Haviron project pointed to an overall cost of just US$643 per ounce.

After a 1,000 percent increase since the start of 2020, some profiteers saw the shares drop 16 percent back to 18.3p.

Moving beyond the mines and the lab, a major step forward was made for the Reneuron group earlier in the week, when it unveiled data that provided ‘clear pre-clinical proof-of-concept’ that its exosome drug delivery technology can effectively deliver therapeutic proteins. Specific area of ​​the brain affected by neurological diseases. Shares were up 10% during the week at 119.75p.

Progress for Arecor Therapeutics PLC came in a patent dispute with GlaxoSmithKline, in which the AIM-listed company advanced 7% to 417p after an appeal by the FTSE 100 giant successfully upheld the European patent on polysaccharide vaccines. Polysaccharide vaccines are known to degrade and lose potency over time but Arecor’s novel formulations prevent such degradation.

Retail had winners and losers in the junior market, formerly with Shoe Zone Plc, as the footwear vendor reported solid sales despite the store being closed for 16 weeks during the lockdown. Its shares rose 15% to 77.22p.

Angling Direct plc jumped 11% to 74.25 as the fishing tackle and equipment retailer said it expects full-year earnings to be at least £5mln above market expectations and is looking to expand further across the channel. Setting up new European distribution center. .

On the other side of the coin, former ‘King of AIM’ Asos plc fell further in rank after splitting the company with chief executive Nick Beighton warning that revenues and profits in the current and coming years would be lower than expected.

More than £300m was wiped off the online fashion retailer’s market valuation on Monday, but shares corrected slightly to end the week down 2.5% at 2,349p.

Another boss in Carr’s Group plc was departing with immediate effect, a small cap on the main market, which fell 10% that day, but dropped 2% in the week to 151.75p as Hugh Pelham stepped down just nine months or so after taking the top job.

During the week, the FTSE AIM All-Shares index climbed 1.2% to 1,226.83, while the FTSE All-Shares rose 1.8% to 4,120.69.


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