Shares investment group Asimilar (ASLR) have been on the front foot since the bumper half year report at the end of April, which revealed a £23m profit, which included a gain on a £7m investment in edtech group Dev Clever (DEV) at 10p. The company’s swing to such a large profit, has since the stock climb from below 30p to 47.5p currently. The icing on the cake though, remains that with its Sentiance / Mesh relationships, the company remains the best proxy to the currently suspended All Active Asset Capital (AAA). Indeed, Asimilar’s ongoing rally also hints that AAA’s suspension was primarily because the stock was such a great performer and made many investors significant gains.
It may be time for shares of copper-gold exploration specialist Bezant Resources (BZT) to properly respond to the ongoing rally in copper, with the latest sign of this being an 8% rally for the stock off recent support. Last month the company served notice of termination of its transaction agreement with Mining and Minerals Industries Holding, with respect to the sale of 80 per cent. of the Company's interest in the Mankayan copper-gold project in the Philippines. At the time Bezant said it would explore and pursue options including the possibility of re-positioning the Mankayan project within the Company's portfolio of copper and gold assets.
AIM-quoted gold mining company Chaarat Gold (CGH), which owns the Kapan operating mine in Armenia as well as the Tulkubash and the Kyzyltash Gold Projects in the Kyrgyz Republic, unveiled some director stock trading activity, which helped boost the share price. A series of purchases by the Company's Chairman, Martin Andersson, between 22p and 24p, saw shares of Chaarat rise by 6%. Andersson now has just under 43.5% of Chaarat.
CBD and hemp product supplier Love Hemp (LIFE) updated on the announcement of a Subscription to raise a minimum of £2.0 million earlier in the week, as it confirmed the Company has conditionally raised gross proceeds of £2,350,000 through the successful Subscription for 67,142,857 of new ordinary shares of 0.1 pence each in the Company at a price of 3.5p per share. This latest deal has further tipped the shareholder register of Love Hemp to an institutional base, with the company also enjoying a write up in the Evening Standard, all the more impressive for an Aquis listed firm.
Shares of next generation mass spectrometry specialist Microsaic (MSYS) delivered a decent 12% rebound in the wake of news from the company earlier in the week. It announced a collaboration with Swansea University Medical School, utilising Microsaic's miniature mass spectrometry equipment, to develop a monitoring platform capable of measuring per- and polyfluoroalkyl substances. This will be used to establish the health impacts of the broader range of PFAS pollutants a.k.a. forever chemicals. These chemicals are noted for their environmental persistence following use as protective, non-stick and fire-retardant coatings within electronics, textiles, cleaning agents and cookware. Studies show reproductive, developmental, liver, kidney, and immunological effects from PFAS pollutants.
Another next generation company was in focus, this time Pires (PIRI), a technology investor. It updated on Getvisibility, an artificial intelligence-based data discovery, classification and protection platform company that Pires is invested in, both directly and through its investment in Sure Valley Ventures. Getvisibility has just been voted as one of Ireland's top 18 start-ups in a poll backed by the Financial Times.