Blencowe Resources jumped 5% to 3.4p after excellent progress at its Orom-Cross graphite project in Uganda in its half-year results.
Despite the challenges of Covid, particularly its impact on travel, the company said it has made substantial progress and will continue to do so ahead as further milestones are delivered.
The six months to the end of March saw the company deliver a preliminary economic assessment of the Orom-Cross project that will be augmented by a pre-feasibility study - due to be published in the middle of this year.
2.35pm: Volex falls as debt nearly triples
Volex PLC (AIM:VLX) fell 5% to 229p after the release of its preliminary results.
Although headline figures were strong, with revenue up 38% to US$614.6mln and operating profit up 33% to US$41mln, investors likely latched onto the groups net debt, which nearly tripled to US$95.3mln.
However, outlook still looks strong, with the group saying inflationary pressures and variable lead times will continue but are “manageable.”
1.40pm: DeepVerge moves higher after strong full year results
DeepVerge PLC inched higher, climbing 4% to 11.1p after the release of its final year results.
The company said the second half of 2021 saw its first underlying profit, with sales for the year end of December climbing 107%.
Growth has continued into 2022, with sales in the first quarter up 84%.
12.40pm: Chill Brands climbs after bagging domain
Chill Brands climbed 6% to 2.4p after completing the acquisition of the Chill.com web domain.
The cannabinoid company paid the remaining balance of US$800,000, and now holds full beneficial title to the domain, allowing it to build its brand.
“We are the proud owners of a highly brandable, premium domain asset reflective of a word that is pervasive in the everyday lives of consumers and is easy to say, spell, and remember. In an increasingly complex world, people everywhere are looking for ways to chill,” said chief executive Callum Sommerton.
11.39am: Bango up after singing new agreement
Bango PLC (AIM:BGO, OTCQX:BGOPF) climbed 11% to 141p after signing an agreement with a “leading, multinational technology company.”
As part of the agreement, the partner can use Bango’s platform to provide carrier billing and bundling services for its app store payments and subscription services, according to a statement.
Additionally, Bango said it does not except this contract to alter financial expectations for this financial year, but will “continue to review the potential impact” on next year’s performance.
10.38am: Engage surges after confirming new metaverse partners
Engage XR Holdings surged 15% to 14.4p after confirmed new partners ahead of the group's metaverse offering launch, expected in the fourth quarter this year.
According to a statement, HTC and The Virtual Human Interaction Lab at Stanford University will join as partners.
As part of the agreement, these two organisations with use Engage’s metaverse platform to build and design their own metaworlds.
Supply@Me Capital, the fintech platform, rallied 11% to 0.07p after it announced that TradeFlow Capital Management, part of the group, completed the first warehouse commodities monetisation transaction.
The completion of the transaction follows the partnership agreement the partners signed earlier this year.
"I am immensely proud of the TradeFlow team for achieving this milestone first transaction in partnership with CARGOES By DP World and the DMCC,” said chief executive Alessandro Zamboni.