Nanosynth (NNN ) shares soar 46.2% to 0.53p after directors buy £3m worth of shares
Nanosynth moved sharply higher after the nanoparticles specialist's CEO Mark Duffin and CFO Andrew Stedman bought 4,166,667 and 2,083,333 shares respectively at a price of 0.48p per share. The purchases represent 0.2% and 0.1% of the company respectively.
Yesterday, the Company announced it would transition away from face mask production, with talks underway about potential future commercial partnerships.
Supreme plc (SUP ) shares drop 32.9% to 84p on profit warning and dividend cut
Supreme plc updated on FY22 today. The Company reported a 25% increase in pre-tax profit, but wared on revenue and earnings in the year ahead due to customer overstocking. Supreme also announced it is cutting its dividend payout ratio from 50% to 25% starting in FY23. After a final dividend of 3.8p to be paid later in 2022, total dividend for the year will be 6p.
Bluerock Diamonds (BRD ) shares fall 26.5% to 9p on financing deal with Teichmann
AIM-listed BlueRock Diamonds signed a loan note subscription deal with Teichmann company Ltd, T-Three-Drilling Ltd, and three Teichmann employees (together "Teichmann") for an aggregate £1.6m.
"The need for financing has arisen as a result of the excessive and extended rainy season this year which has delayed the ramp up of production and the development of our main pit leading to significantly lower production levels and lower grades than expected." Executive Chairman Mike Houston explained.
Resolute Mining (RSG ) shares rise 17.21% after sanctions on Mali are lifted
Resolute Mining shares moved up after the Economic Community of West African States lifted sanctions on Mali. The sanctions were initially imposed on 9 January 2022 after Mali's interim government proposed a 24-month transition to democracy and published a new electoral law. Resolute Mining has a number of concessions in Mali, including the Syama gold mine.
Inspirit Energy (INSP ) shares fall 17.5% on continued volatility following INSP's recent update on its Waste Heat Recovery (WHR) system
A week ago, Inspirit Energy provided an update on its Waste Heat recovery (WHR) system. WHR is a major component in automobile engine design and other heat recovery applications the Company has been working on whereby waste heat exhaust is recycled and converted to energy. Shares in the company soared 84.7% on the day of the announcement and volatility has continued since then.
With limited testing, the prototype system provided its highest recorded output of over 30 kW in the first stage build test period.
Paul Booker, Design and Development Director, commented: "This is truly ground breaking technology and the application can be applied to marine, waste heat recycling from energy generation, refrigerated transport that uses diesel engines and many more applications."