Getech Group PLC (AIM:GTC) hardened 7.8% to 29p after the net-zero technology provider and data-led energy asset developer revealed it has expanded its Maptium platform.
Maptium provides a secure web-based gateway to Getech's data and analytics content, both of which have been beefed up.
"As energy supply transitions to more localised low carbon solutions, Getech is reinventing the way we provide access to our global geoscience data and analytics,” said Jonathan Copus, the chief executive officer of Getech.
1.20pm: Aminex tumbles as it issues shares at a steep discount
Aminex PLC (LSE:AEX) saw its shares slump 22% to 0.82p after it placed 44405mln shares at 0.75p, raising roughly £3.3mln.
The company said the cash will fund the company to first gas production at the Ruvuma asset in Tanzania.
The shares issued represent around 12% of the company’s share capital before the share issue.
12.25pm: Some warming news from SIMEC Atlantis on a chilly day
SIMEC Atlantis Energy Ltd (AIM:SAE, OTC:SMAYF) has made a splash with investors this morning after saying it secured funding for the remaining two tidal turbines just off Scotland’s northernmost coast.
A £2.5mln non-convertible loan from Scottish Enterprise has been secured by the MeyGen tidal energy project, which is owned and run by Tidal Power Scotland and Scottish Enterprise, which SIMEC said will enable the redeployment of the two turbines within the next 12 months, following the successful deployment last month of the AR1500, 1.5MW tidal turbine.
The second turbines is scheduled for redeployment in May and the final turbine will be deployed in March 2023, SIMEC said, complete with a retrofitted wet mate connection system, which more than halves the costs of future turbine recoveries and deployments.
MyGen is expected to be the largest planned tidal stream project in the world when fully up and running.
The turbines have “far exceeded expectations” and this funding from Scottish Enterprise will support deployment and activity to ensure continuation of the project, SIMEC said.
11.30am: Tintra lottery sale slowed by red tape
Tintra PLC (AIM:TNT) was one of Friday's main fallers after revealing it has still not sold its lottery administration business, first announced in October.
The company said it "continues to work closely and constructively" with buyer Sterling and management "expects a successful outcome" on the terms originally set out.
"The regulatory complexity of liaising with the Gambling Commission to complete a transaction that includes some 746 charitable societies, whilst equally importantly ensuring that none of those worthy causes are disadvantaged during the transfer of control, has proven to be a very complex endeavour" it buck-passed.
There was an April 1 long-stop date as part of a pledge by an unnamed "Gulf-based investor" to subscribe for US$2mln conditional on the lottery sale, which gave the investor the right to withdraw from the transaction should they wish after this date, but Tintra said the investor "has verbally confirmed to the board their intention to continue with the transaction and not exercise that right at this time".
10am: Quiz winning again
Quiz PLC (AIM:QUIZ) got its starter-for-ten correct, with its shares jumping 36% to 14.64p in early trading on the back of a trading update that revealed it expects to return to profitability as strong trading from late last year continued in recent months.
The fashion retailer said its revenue for the year to end-March are likely to be ahead of expectations at around £78mln, with an underlying profit (EBITDA) of “no less than £4.3mln” and a profit before tax of at least £0.5mln.
This was driven by strong full-price sales of its ‘trademark occasionwear and dressy casualwear’ garments as weddings and other social occasions got back into full swing.
Elsewhere, Sovereign Metals Ltd (ASX:SVM, AIM:SVML) jumped after requesting an immediate voluntary trading halt in its shares on the Australian Securities Exchange (ASX), pending an announcement regarding an updated mineral resource estimate at Kasiya.
Trading continues as normal on AIM, with the shares rising 12% to 37.5p