Clean Invest Africa (LON: CIA) is the best performer on the week following its interim results. Management says that there are potentially exciting prospects, but more funds will be required. Securing a partner for a CoalTech coal fines processing plant would involve a project worth more than $10m. The share price doubled to 0.45p.
Invinity Energy Systems (LON: IES) has sold a 1.1MWh vanadium flow battery to NARLabs in Taiwan. The flow battery will be installed in the company’s building. The share price improved 5.62% to 47p.
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Tap Global Group (LON: TAP) has reached an agreement to launch its cryptocurrency app in conjunction with Chicago-based Zero Hash, which has regulatory approvals. This service should launch in the fourth quarter. The share price moved up 2.22% to 2.3p.
FALLERS
TruSpine Technologies (LON: TSP) says the FDA has completed the technical screening of the company’s screwless spinal stabilisation technology and is asking for clarification of certain matters. The submission is on hold until the clarification is provided. The share price slumped 34.4% to 1.05p.
Gunsynd (LON: GUN) has a 0.66% stake in Pacific Nickel Mines, which has commenced the mining of saprolite nickel ore at the Kolosori nickel project in the Solomon Islands. The first shipment should be in November. The share price slipped 14.3% to 0.3p.
EDX Medical (LON: EDX) has signed an agreement with Guardant Health to distribute its cancer genomic liquid biopsy tests in the UK and Nordic countries. EDX Medical made a £3.7m loss in the period to March 2023. The share price declined 12.5% to 2.625p.
Marulu Mining (LON: MARU) shares fell 5.06% to 9.375p. The company says that assay results confirm high-grade copper at the Sasimo prospect at the Kinusi copper mine in Tanzania. The average copper grade was 2.68%. The target is estimated to be 10-15 million tonnes of copper. Drilling at the Blesberg lithium and tantalum mine in South Africa is nearing completion.
