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Pin to quick picksIQ-AI Share News (IQAI)

Share Price Information for IQ-AI (IQAI)

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UK TRADING UPDATE SUMMARY: Motorpoint Predicts Local Lockdowns Bite

Thu, 08th Oct 2020 19:54

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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Motorpoint Group PLC - Derby, England-based car retailer - Says demand levels since end of UK lockdown exceeding expectations. Says pretax profit in six months to September 30 to be ahead of year prior. Says no annual guidance and notes recent virus case rises in UK as well as local lockdowns will subdue demand in short-term.

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MySale Group PLC - Australia, New Zealand and south east Asia-focused online retailer - To raise GBP5.1 million in subscription of 85.2 million shares at 6.0 pence each. Investors are entities associated with Gabby Leibovich, Hezi Leibovich - founders of online retailer Catch.com.au - and Nati Harpaz, a former Catch.com chief executive.

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JKX Oil & Gas PLC - Ukraine-focused energy firm - Says average output in third quarter was 10,245 barrels of oil equivalent per day, up 3.5% quarter-on-quarter. Notes drilling in IG146, Ukraine, to recommence in October.

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Central Asia Metals PLC - copper, zinc and lead explorer, operating in Kazakhstan and North Macedonia - Copper output in first nine months of 2020 down 1.3% year-on-year to 10,490 tonnes. Zinc production up 1.5% to 17,966 tonnes and lead up 2.7% to 21,718 tonnes.

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Alba Mineral Resources PLC - mineral exploration & development company, with projects in Greenland, Wales and Ireland - Appoints mineral sands specialists IHC Robbins to carry out metallurgical process development and test work on bulk samples from Thule Black Sands project, Greenland. "The programme is designed to confirm the ilmenite products to be produced from TBS ilmenite and to provide product samples to enable potential customers and offtake partners to carry out their own confirmatory analyses," Alba said.

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PetroNeft Resources PLC - Russia-focused oil and gas explorer - Reports successful testing from a mini refinery processing unit on Licence 61, Russia. Unit will reduce 2021 operating costs by USD600,000.

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Hummingbird Resources PLC - African gold producer - Drilled over 21,509 metres at Yanfolila this year and is 95% through its budgeted USD5 million drilling and exploration programme. "Once this year's exploration and drilling programme is complete, the company plan to conduct a mineral resource update," Hummingbird said.

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Chaarat Gold Holdings Ltd - London-based gold miner focused on Armenia and Kyrgyz Republic - Notes political disruption in Kyrgyz Republic but says projects not materially affected.

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Oriole Resources PLC - exploration company with operations in Senegal and Cameroon - Says renewals received for Bibemi and Wapouze assets in Cameroon.

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Asiamet Resources Ltd - Indonesia-focussed copper and gold miner - Enters into heads of agreement with PT Wasesa Indo Nusa to sell Indokal Ltd for USD163.4 million.

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Danakali Ltd - Colluli potash project developer - Colluli Mining Share Co appoints Aggreko PLC as preferred power supply contractor at Colluli. "Aggreko will provide full scope of support services for the supply, commissioning, and maintenance of the power plant, then transfer to CMSC, under 5-year Buy Own Operate Transfer contract," Danakali said.

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W Resources PLC - tungsten, tin and gold mining and exploration company - Increases loan facility with funds managed by the Global Credit Opportunities platform at BlackRock Financial Management Inc by USD7 million.

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Nostra Terra Oil & Gas Co PLC - AIM-listed company focused on the prolific Permian Basin in West Texas - Says contracted drilling rig to soon be mobilised at Pine Mills, US. "The rig is currently operating nearby, after which it will mobilised to Pine Mills. The primary target formation is the prolific Woodbine Sand that is one of the main producers in the region. The well will also evaluate several other known overburden formations," Nostra said.

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Mosman Oil & Gas Ltd - oil exploration company - Says drilling at Falcon-1 well, Texas "progressing well" in aim to reach two prospective zones found in seismic surveys.

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Kodal Minerals PLC - mineral exploration and development company - Welcomes appointment of interim government in Mali and looks forward to progressing Bougouni project.

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Xtract Resources PLC - miner with projects in Mozambique and Zambia - Says large amount of bulk cut and fill work at Manica hard rock gold deposits, Mozambique already completed. Onsite process plant work will begin once pre-establishment work concludes.

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SolGold PLC - Australian gold and copper mining company - Says drill rig preparing for an 8,000 metres drilling programme at Rio Amarillo project, Ecuador. Notes "significant upgrade" of Varela target following field work.

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Camellia PLC - Kent-based agriculture and engineering services firm - Updates on claims made against African subsidiaries. Says two African companies have recognised dispute resolution mechanisms, allowing allegations to be properly examined. "If there has been any wrongdoing those responsible will be held to account, and if shortcomings are identified the companies will improve their safeguarding processes and victims will be compensated," Camellia said. Cost of ADR process to be booked in 2020 and will be in addition to GBP4.8 million "of legal and related costs incurred in 2019 and up to June 30".

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Rainbow Rare Earths Ltd - rare earth producer - Says JORC-compliant exploration target at Gakara, Burundi shows potential for modular development targeting 10,000 to 20,000 tonnes per year of rare earth concentrate output.

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Woodbois Ltd - African timber firm - Says revenue in third quarter ended September 30 down 35% year-on-year to USD3.2 million from USD4.9 million. "Trading in the quarter was in line with expectations, with Covid-19 restrictions becoming more tempered but with limited capital to deploy prior to the August balance sheet restructuring," Woodbois said.

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Schroder UK Public Private Trust PLC - investment trust - Notes portfolio company Seedrs Ltd's plans to merge with Crowdcube Ltd.

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Braveheart Investment Group PLC - Barnsley, England-based strategic investor - Subsidiary Pharm 2 Farm Ltd notes short delay to planned testing of its ant-viral face mask product. Health regulators have amended rules on working with coronavirus and will inspect test facility.

Remote Monitored Systems PLC also notes announcement.

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Kazera Global PLC - Cardiff-headquartered AIM quoted investment company - Diamond production underway at subsidiary Deep Blue Minerals. Initial work focused on areas identified as "likely to be high in diamond content," Kazera says. Says to partake in its first diamond auction in fourth quarter and reports prices "holding up well" despite Covid-19.

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Zegona Communications PLC - investment company focused on European telecoms - Updates on share price of Euskaltel, which it owns 21% of and is its principal asset. Euskaltel shares at EUR9.03 on September 30. "Zegona's holding in Euskaltel, together with its current net cash position, is worth the equivalent of GBP1.46 per Zegona share. This value is over 31% higher than Zegona's current share price of GBP1.11," Zegona said.

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Urban Logistics REIT PLC - logistics-focused real estate investment trust - Says 99% of rent due for quarter to December has been received, with 1% expected "imminently". "This follows strong cash collections in March and June where 100% of rents due were collected," Urban Logistics adds.

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Ediston Property Investment Co PLC - London-based real estate investment trust - Says 91% of third quarter rent collected so far, in line with forecasts. Fourth quarter rent due by October 1 at 87%.

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Alpha Financial Markets Consulting PLC - London-based consultancy services to asset and wealth management industry - Says "good" net fee income growth and improve adjusted earnings before interest, tax, depreciation and amortisation in six months to September 30.

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Sareum Holdings PLC - drug developer focused on small molecule therapeutics to improve cancer and autoimmune treatment - US Patent & Trademark Office issues notice of allowance for patent for Sareum's SDC-1802 TYK2/JAK1 kinase inhibitor programme. "This programme is in preclinical development and targets cancer and cancer immunotherapy," Sareum said.

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IQ-AI Ltd - medical software company with headquarters in Jersey - Pulls out of talks to sell StoneChecker and will now retain product. "The accomplishments by the Imaging Biometrics team thus far in 2020 provided an opportunity for your board to rethink last year's decision to dispose of StoneChecker," Chief Executive Officer Trevor Brown said.

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Yourgene Health PLC - molecular diagnostics firm - Entes into five-year pact with unnamed "blue chip Japanese multinational" for provision of Yourgene's Flex analysis software. " Yourgene expects this partnership to deliver over USD2.5m of revenue over the contract life, as well as creating a benchmark clinical offering in this major world healthcare market," Yourgene said.

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Robert Walters PLC - London-based recruitment firm - Third quarter net fee income down 31% year-on-year to GBP72.8 million from GBP105.6 million. To reinstate 4.5 pence interim dividend, flat year-on-year.

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SRT Marine Systems PLC - maritime tracking firm - Says revenue in first half ended September 30 came in at GBP3.8 million with GBP2.7 million pretax loss. "Unexpectedly given the Covid-19 pandemic, revenues for the transceivers business were 6% ahead of the same period last year, with the second half looking positive," SRT said.

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Watchstone Group PLC - Hampshire-based insurance and healthcare technology business - Unveils proposed disposal of Ingenie Business to A-Plan Group Ltd for GBP5.5 million, potentially GBP2.5 million more based on performance. Disposal needs approval from shareholders at general meeting.

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Intercede Group PLC - cybersecurity software firm with offices in Reston, US state of Virginia and Lutterworth, Leicestershire - Says revenue in six months to September 30 9% higher annually. Joins Faster Identity Online Alliance. "Backed by the likes of Amazon, Apple and Google, FIDO provides a simple method of authentication for users to securely access their online accounts," Intercede says.

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Osirium Technologies PLC - Berkshire-based cybersecurity firm - Secures contract with "major" UK high street retailer. "The new client has purchased a 60-month term license for the Osirium PAM platform including the Privileged Access Management, Privileged Task Management and Privileged Session Management modules. Consultancy and training from Osirium Professional Services are included in the contract," Osirium said.

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Applied Graphene Materials PLC - graphene materials maker with headquarters in Redcar, Cleveland - Launches Innovation Accelerator research and development partnership service, aimed at supporting "businesses in harnessing the potential of graphene in their products".

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
2 May 2025 13:28

IN BRIEF: IQ-AI applies for breakthrough therapy designation for GaM

IQ-AI Ltd - London-based medical services company - Says subsidiary Imaging Biometrics LLC has applied for breakthrough therapy designation from the US Food & Drug Administration for its oral gallium maltolate therapy. Its phase 1 trial is evaluating the therapy as a potential treatment for adult patients with recurrent or refractory glioblastoma IDH-wildtype, with preliminary findings suggesting an overall survival of 34.1 months from initial diagnosis. This significantly exceeds the median survival of 14 to 15 months reported for patients undergoing standard treatment, though IQ-AI notes that caution is appropriate when considering the results due to the size of the trial population. The FDA is required to respond to IQ-AI's application within 60 days.

Read more
3 Feb 2025 19:22

IN BRIEF: IQ-AI amends distribution deal with Blackford Analysis

IQ-AI Ltd - London-based medical services company - Amends existing distribution agreement with artificial intelligence platform provider Blackford Analysis Ltd. The amendment adds IB Nimble, IB ASL, IB FTB, and IB FTB Express to the agreement, allowing Blackford to also sell these products to their global client base. Acquired by Bayer in early 2023, Blackford operates in the healthcare AI platform and solutions sphere.

Read more
22 Jan 2025 17:10

IN BRIEF: IQ-AI to take GaM to phase II study, flags AI capabilities

IQ-AI Ltd - London-based medical services company - Provides operations update focusing on artificial intelligence. Explains radiology leads the way in Food & Drug Administration approvals for AI-enabled products as the FDA has increased efforts to keep pace with the advancements in AI technology. The company believes its subsidiary, Imaging Biometrics LLC, is in a unique position to lead this transformation for neuro-oncology in 2025 and beyond. Points to the imminent release of the new version of IB Clinic; its FDA-cleared suite of quantitative imaging solutions will include the incorporation of an AI model, which will greatly improve diagnostic accuracy and speed. In addition, notes the first half of 2025 should mark the next release of IB Nimble with the functionality to view IB's AI-generated images and other images within the mobile app. Also, in 2025 we anticipate releasing a new product leveraging arterial spin labelling.

Read more
14 Oct 2024 10:05

IN BRIEF: Braveheart buys 30% stake in IQ-AI from Braveheart CEO Brown

IQ-AI Ltd - parent of Wisconsin-based Imaging Biometrics LLC, which provides quantitative imaging platforms and therapeutics for the diagnosis and treatment of patients - AIM-listed technology investor Braveheart Investment Group PLC buys a nearly 30% stake in IQ-AI from Braveheart Chief Executive Officer Trevor Brown. Braveheart buys 45.8 million IQ-AI shares from Brown at 1.1 pence per share, worth GBP503,372, and another 19.7 million shares owned by Brown's children at the same price, worth GBP216,203. The two purchases give Braveheart a 29.5% stake in IQ-AI. Braveheart on Friday says the related-party transaction is approved by its independent shareholders because the IQ-AI business fits Braveheart's investment strategy and the purchase is at "an attractive entry price".

Read more
16 Aug 2024 20:40

TRADING UPDATES: NetScientific loss narrows; Vinanz ups Bitcoin fleet

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and Wednesday and not separately reported by Alliance News:

Read more
25 Jun 2024 11:56

IN BRIEF: IQ-AI subsidiary opens expanded access programme

IQ-AI Ltd - London-based medical services company - US-based subsidiary Imaging Biometrics LLC says that US Food & Drug Administration has approved an expanded access programme for oral gallium maltolate. This EAP will run in parallel with the current phase 1 clinical trial being conducted at the Medical College of Wisconsin. Explains that "As the phase 1 trial concludes this fall and while the data is being compiled, eligible patients in the US will have the option of participating in the EAP."

Read more
14 Jun 2024 14:32

IQ-AI team begins defining phase 2 protocol for oral gallium maltolate

(Alliance News) - IQ-AI Ltd on Friday said the clinical team has started a phase 2 protocol for its oncology-focused drug oral gallium maltolate, which could be a therapeutic agent for cancer.

Read more
23 May 2024 21:08

TRADING UPDATES: Celadon ships to US; Oxford BioDynamics-Goodbody pact

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Read more
20 May 2024 11:16

IQ-AI subsidiary gets second FDA rare paediatric disease designation

(Alliance News) - IQ-AI Ltd on Monday said its subsidiary, Imaging Biometrics LLC, received a second rare paediatric disease designation by the US Food & Drug Administration for its IB-003 lead drug candidate oral gallium maltolate.

Read more
17 May 2024 17:39

TRADING UPDATES: Ingenta trades in line; Triple Point Social NAV up

(Alliance News) - The following is a round-up of earnings by London-listed companies, issued on Friday and not separately reported by Alliance News:

Read more
10 May 2024 15:14

IQ-AI subsidiary gets rare paediatric disease designation FDA

(Alliance News) - IQ-AI Ltd on Friday said its subsidiary, Imaging Biometrics LLC, has been granted rare paediatric disease designation by the US Food & Drug Administration for its lead drug candidate, IB-003, or gallium maltolate for the treatment of ATRT.

Read more
2 May 2024 15:45

EARNINGS AND TRADING: Trident Royalties swings to profit

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Read more
22 Feb 2024 14:02

IN BRIEF: IQ-AI shares sink on discounted placing fundraise

IQ-AI Ltd - Medical services firm and parent company of Wisconsin-based healthcare imaging software firm Imaging Biometrics LLC - Announces placing to raise GBP300,000 gross proceeds via the issue of 20.0 million new shares at a price of 1.5p each. The issue price represents a discount of 32% to the company's Wednesday closing price of 2.2p. The placing includes a broker option for existing shareholders for up to 6.7 million new shares, which would raise an additional GBP100,000. Admission of the new placing and broker option shares is expected to occur on or around March 1.

Read more
9 Feb 2024 13:38

IQ-AI subsidiary asked by FDA to resubmit and modify application

(Alliance News) - IQ-AI Ltd on Friday said its subsidiary Imaging Biometric LLC will modify and resubmit its application to the US Food & Drug Administration.

Read more
2 Feb 2024 08:56

IN BRIEF: IQ-AI celebrates USD100,000 grant for subsidiary

IQ-AI Ltd - St Helier, Jersey-based medical services firm - Says that Imaging Biometrics LLC, a wholly-owned subsidiary of IQ-AI, has been given a USD100,000 grant by the Musella Foundation For Brain Tumor Research & Information Inc. Explains that the grant will help to support the launch of an intermediate group expanded access programme, which is focused on giving brain tumour patients access to oral gallium maltolate, outside of an ongoing Phase One clinical trial at the Medical College of Wisconsin. The grant will be used to facilitate the expanded access programme, including writing and submitting the study protocol, patient screening and on-boarding.

Read more

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