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AIM WINNERS & LOSERS: Tekcapital investee gets US clearance for device

Mon, 08th Mar 2021 10:51

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

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AIM - WINNERS

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Tekcapital PLC, up 28% at 18.60 pence, 12-month range 3.6p-24p. The UK intellectual property investment company says portfolio company Belluscura PLC has been granted 510(k) clearance from the US Food & Drug Administration for its X-PLO2R POC portable oxygen concentrator. Belluscura also mulling potential listing on London's AIM market. Tekcapital holds 17.8% stake in Belluscura.

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Kape Technologies PLC, up 21% at 231.60p, 12-month range 95.5p-239.8p. The consumer-focused digital privacy and security business buys Webselenese Ltd for USD149.1 million. Kape has market capitalisation of GBP488 million based on Monday's share price. Tel Aviv-based Webselenese has built up an independent privacy and security focused content platform. "The acquisition of Webselenese is highly strategic for Kape, providing us with one of the most respected and far-reaching consumer privacy and security content businesses globally," says Chief Executive Ido Erlichman.

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Blackbird PLC, up 9.6% at 24.65p, 12-month range 7p-25.96p. The cloud video editing platform partners with EVS for international sporting events. "It's a real thrill for us to announce this partnership with EVS who are synonymous with the production of the world's most emotive and high-value sports content as well as global news and market leading entertainment shows. To announce this together with a deployment on two of the greatest international sporting events taking place in the near future is simply fantastic," says Chief Executive Ian McDonough.

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AIM - LOSERS

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Origo Partners PLC, down 32% at 0.17p, 12-month range 0.01p-0.45p. Notes recent large trading volumes and movements in the company's share price, and says it has no information that explains this. "The company additionally confirms that it has no information concerning its assets in addition to what was set forth in its 22 January 2021 announcement," Origo adds.

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W Resources PLC, down 11% at 0.08p, 12-month range 0.08p-0.27p. The tungsten, tin and gold mining company with assets in Spain and Portugal proposed reorganisation of share capital. "The consolidation is being undertaken as the company's directors and advisers consider the number of shares currently in issue to be considerably higher than the majority of companies of a similar size on AIM, which, when combined with the current share price of significantly less than 1 pence per share, unduly affects investor perception of the company and volatility in its share price," W Resources says.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
25 May 2022 15:42

IN BRIEF: W Resources shares to be cancelled from AIM on Thursday

W Resources PLC - tungsten, tin and gold mining and exploration company in Spain and Portugal - Confirms shares will be cancelled from trading on the AIM market in London, effective from Thursday morning. Back in April, W Resources had cited the "unprecedented difficult financial and operating circumstances in which the company finds itself" due to the rise in energy prices. On Wednesday, the company refers to "extremely high liquid natural gas prices that placed an excessive cost burden on the La Parrilla mine in Spain with the further impact of the ongoing truck drivers dispute which caused a shortage of critical spare parts". Also in April, Grant Thornton UK LLP resigned as its nominated adviser and Alternative Resource Capital and Shard Capital as brokers.

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23 May 2022 19:29

TRADING UPDATES: Big Yellow's annual profit surges on occupancy gains

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

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25 Apr 2022 15:18

IN BRIEF: W Resources to delist from AIM in May as energy costs bite

W Resources PLC - tungsten, tin and gold mining and exploration company in Spain and Portugal - Plans to delist shares from trading on AIM market in London, effective from around May 24. Cites the "unprecedented difficult financial and operating circumstances in which the company finds itself" due to the recent rise in energy prices. Shares have been suspended from trading since the start of April, and W Resources says on Monday that Grant Thornton UK LLP has resigned as its nominated adviser and Alternative Resource Capital and Shard Capital as its brokers.

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5 Apr 2022 14:24

IN BRIEF: W Resources suspends shares due to cashflow uncertainty

W Resources PLC - tungsten, tin and gold mining and exploration company in Spain and Portugal - Suspends its shares from trading on the Alternative Investment Market. This follows the firm suspending its production at La Parilla mine in northwestern Spain due to parts shortages and cashflows uncertainty.

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18 Mar 2022 20:28

TRADING UPDATES: Elixirr buys in US; JPMorgan Russian wary of values

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

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18 Mar 2022 14:37

W Resources restarts La Parrilla after extended shutdown

(Sharecast News) - Portugal and Spain-focussed tungsten, tin and gold miner W Resources said on Friday that, following its maintenance shutdown, production at the La Parrilla mine in Spain had now restarted.

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2 Mar 2022 20:28

TRADING UPDATES: MediaZest virus hit; SpaceandPeople Network Rail deal

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

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2 Mar 2022 11:36

AIM WINNERS & LOSERS: Osirium wins contracts; musicMagpie flies lower

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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24 Feb 2022 21:57

TRADING UPDATES: Enwell shuts down operations; i3 ups oil production

(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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18 Feb 2022 20:25

IN BRIEF: W Resources eyes fundraise early next week

W Resources PLC - tungsten, tin and gold mining and exploring company in Spain and Portugal - Says discussions regarding fundraise, which is expected to be in the form of debt, are at a "very advanced stage" and expects to complete the fund raise early next week.

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15 Feb 2022 14:44

IN BRIEF: W Resources shares down by a third as fundraise on horizon

W Resources PLC - tungsten, tin and gold mining and exploring company in Spain and Portugal - Says fourth quarter production at its La Parrilla mine of tungsten concentrate dropped 47% to 89.7 tonnes from 168.3 tonnes in the prior quarter, with the recovery rate dropping quarter-on-quarter to 31% from 58%. Says production was hit by limited access to medium and higher-grade ore caused by a two-week delay in blasting, as well as delays caused by heavy rainfall into the pit. Heavy rain also constrained crushed ore operations, but stockpile will resolve the issue.

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15 Feb 2022 10:42

AIM WINNERS & LOSERS: Eqtec up on Billingham deal; MySale tumbles

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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5 Jan 2022 15:52

IN BRIEF: W Resources raises GBP830,000 amid lowered output guidance

IN BRIEF: W Resources raises GBP830,000 amid lowered output guidance

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5 Jan 2022 12:16

W Resources reports tough Q4, raises £0.83m to cover cash flow

(Sharecast News) - Spain and Portugal-focussed tungsten, tin and gold exploration and mining company W Resources updated the market on production at the La Parrilla tungsten and tin mine in Spain on Thursday, as it completed a £0.83m fundraise to relieve recent pressures on cash flow.

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15 Nov 2021 19:13

TRADING UPDATES: Kingswood buys wealth manager; Helios capacity grows

TRADING UPDATES: Kingswood buys wealth manager; Helios capacity grows

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