Small cap mover: NetScientific soared after using investors, but Gulf Marine Services stopped raising money
Net Scientific It was the best performing small cap last week, rising 75% to 131.5p even after raising the market.
It’s been more than two years since a company investing in a life sciences company was put up for sale and no buyer was found. The plan for 2019 was to keep the company private, but shareholders who refused to trade when stocks plunged around the 30p level proved correct.
This week’s rise was driven by news from its portfolio company, PDS Biotechnology. There, a phase II trial of immunotherapeutic treatment for HPV cancer showed tumor regression.
NetScientific’s share price rose this week following news that the results of a phase II trial of immunotherapy treatment for HPV cancer showed tumor regression.
NetScientific raised £ 7.7m (£ 700,000 more than originally expected) by issuing shares at 130p per share, leveraging its strength in stock prices.
With this funding, NetScientific will be able to accelerate its business plans and pursue attractive transatlantic opportunities in the healthcare and sustainability sectors in the post-Covid environment.
“We call it the construction of a transatlantic bridge. A concrete pillar of our growth plan is to allow British companies to land in the United States, as well as US portfolio companies. We are keen to land in the UK and build relationships, “said CEO Dr. Irian Iriev proactively.
Another investment company that is doing well Similar groupWas up 23% to 160.5p in response to news from one of its portfolio companies, Dev Clever Holdings.
DevClever, the developer of online career guidance and development platforms and consumer engagement experiences, said he has made promising advances in India.
Somewhat strangely, Dev Clever’s share price rose 13% this week, but fell below Asimilar’s share price.
Sigma Capital After the board recommended an offer of 202.1p per share from a subsidiary of an investment fund managed by PineBridge Benson Elliot, it rose 35% to 201p on Friday.
The condition evaluates a rental housing provider for approximately £ 188.4m.
Kodal Mineral After the renewal of the Bugni Lithium project in southern Mali, it increased by 28% to 0.295p.
Kodal received a formal correspondence from Bamako’s Direction Nationale de la Geologie et des Mines, announcing the approval of the feasibility study of Bougoini’s mining license application.
Kodal was required to pay an application fee of £ 135,000 to issue a mining license. Kodal will pay this pronto so that it can begin the application process.
IQ-AI Synthetic T1 + C (Gad-Free) software applications rose 14% to just below 9p after being patented by the United States Patent and Trademark Office.
The technology eliminates the need for intravenous injection of contrast media during medical imaging, the company said, and the patent streamlines artificial intelligence potential, workflow, diagnostic quality and patient safety. He added that he emphasized his abilities.
Stock price Gulf Marine Service It halved after it was revealed that it would raise £ 20m through a share issuance and a threesome tender offer.
“The funding announced today represents a further stepping stone in resetting the GMS story,” said Mansour Al Alami, Executive Chairman of GMS.
Shareholders will want it to be a step back and a step forward.
Croppets Stock prices plummeted by 21% this week after African phytonutrient feed mineral producers said they couldn’t publish audit results for 2020 prior to the June 30th annual meeting.
Delays in publishing results always seem to strain the market.
Also, shareholders seem a little nervous. Umuthi Healthcare Solutions, A technology-driven healthcare business listed in London in early March.
Trading of shares was suspended after the Treasury Department was involved in a share exchange agreement before the company began trading and expressed concern that it would not be possible to trade all shares. Umuthi explained that this was in some cases due to a stock trading account that was not fully activated.
Small Cap Mover: Net Scientific Soars After Utilizing Investors
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