SIMEC Atlantis Energy shares soar 77.1% to 2.225p on government contract for tidal project
SIMEC Atlantis Energy announced it has secured a government contract for its MayGen tidal project in Scotland, the world's largest. The contract (CFD) guarantees £178.54 (£/MWh) for 15 years and will allow SAE to deliver 28MW of clean energy.
SAE will work to achieve financial close for this next phase of the project by 2024 with the operation starting in 2027.
Novacyt SA shares fall 26.1% to 110.45p on 73% decline in Covid-related revenue in H1 and lower FY22 guidance
Novacyt SA announced a decline in revenues due to weak demand for Covid 19-related services. Covid 19 revenues declined 73%, faster than the Company anticipated.
Novacyt now expects full year revenues of c. £25m (previously expected c. £35-45m) should the rate of Covid 19 sales decline experienced in Q2 2022 continue for the remainder of 2022.
Nanosynth shares fall 22.1% to 0.475p on continued volatility after directors buy £3m worth of shares
On 5 July, Nanosynth moved sharply higher after the nanoparticles specialist's CEO Mark Duffin and CFO Andrew Stedman bought 4,166,667 and 2,083,333 shares respectively at a price of 0.48p per share. The purchases represent 0.2% and 0.1% of the company respectively. The Company also announced it would transition away from face mask production, with talks underway about potential future commercial partnerships.
Since then, NNN price has seen volatility, including today's correction.
Bluerock Diamonds shares fall further 19.4% to 7.25p on £1.6m financing deal with Teichmann
On 5 July, AIM-listed BlueRock Diamonds signed a loan note subscription deal with Teichmann company Ltd, T-Three-Drilling Ltd, and three Teichmann employees (together "Teichmann") for an aggregate £1.6m.
"The need for financing has arisen as a result of the excessive and extended rainy season this year which has delayed the ramp up of production and the development of our main pit leading to significantly lower production levels and lower grades than expected." Executive Chairman Mike Houston explained.
Shares fell sharply to 9p on the day of the announcement, and the selloff continued today.
Tintra shares fall 19.4% to 72.5p on further patent application to protect Web3 intellectual property
Tintra PLC said it has filed a further UK patent application to protect its Web3 IP. The fintech company elaborated that its newly filed application extends the previous one, which related to the linking of regulated and unregulated digital wallets with established common ownership, particularly in the context of Web3.
The Company will also be seeking international patent protection for its IP, taking into account different patent regulations.