Kainos Group (KNOS) shares rise 22.87% to 1,269p after another year of consecutive growth
The stock has jumped as high as 1,294p today following the publication of its full year results as the firm recorded its 12th consecutive year of growth “across a wide range of key metrics.”
The company said its “very strong business performance” reflects robust underlying market demand, high levels of customer engagement and the ongoing commitment of its colleagues.
“Looking forward, we remain confident in our business as the demand for our services has never been higher, our reputation for delivery continues to flourish, while the scale and capability of our organisation continues to grow at pace,” said CEO, Brendan Mooney.
Vast Resources (VAST) are up 39.20% to 1.225p following repayment of outstanding bonds
In recent weeks, Vast shares have jumped as high as 81% after the company repaid in full the outstanding bonds owed to Atlas Special Opportunities following a subscription and placing.
This month, the mining firm secured a $4m asset backed debt facility from A&T Investments SARL arranged by Alpha Credit SA, a Swiss investment banking and asset management boutique, and raised in aggregate £3.243m through a placing of 463m shares at 0.7p each.
In practice, the company’s repayment means that Atlas no longer has any conversion or any right to call for the issue of Vast’s ordinary shares and removes any share dilution concerns.
Vast sees the refinancing as such “a pivotal development”, particularly when coupled with the various operational developments which it said is “gaining pace” at Baita Plai and elsewhere.
Pelatro (PTRO) shares jump to 21.33% to 22.75p as it reports revenue jump of over 80%
The precision marketing software specialist published its results for the year to 31 December 2021 in which it reported a significant revenue increase to $7.3m from $4m in the prior year.
The growth in the revenue line of over 80%, with the majority being of a recurring revenue nature, are in line with expectations, Non-Executive Chairman Richard Day told investors.
The company said its results provide good visibility over the coming year and, together with its new business pipeline, gives the company “every confidence for the rest of 2022 and beyond”
Quantum Blockchain Technologies (QBT) shares rise 18.92% to 2.2p as it advances R&D
Shares in Quantum Blockchain Technologies jumped on Monday afternoon after the company updated the market on the current progress of its bitcoin mining research and development.
Today, the company reported that it has moved from simulation testing and started live experimental mining on its platform using a standard version of the ‘SHA-256’ algorithm.
Its objective is to collect real-time data to populate the company’s existing ‘Big Data’ database which would then be utilised by the R&D team with machine learning and data analysis tools.
“We will endeavour to communicate more frequently with our shareholders. We strongly believe that our efforts are taking QBT into a new direction of bitcoin mining and ask for shareholders’ patience until these efforts are rewarded by success,” it wrote this morning.