Avacta Group (VCT), a life sciences company, announced its unaudited preliminary results for the year ended 31 December 2022. The company said it was very encouraged by the favourable safety data emerging from the ongoing phase 1a dose escalation study of AVA6000, which has confirmed the tumour targeting potential of the pre|CISION™ platform. It looks forward to starting the dose expansion part of the phase 1 study later this year.
Comment: Given the progress made by AVCT in the recent past, one would imagine that recent lows for the shares near to 110p will prove to be lasting support for the stock.
Hydrogen Utopia International (HUI), a company specialising in turning non-recyclable mixed waste plastic into carbon-free fuels, announced the appointment of WS Atkins Ireland Limited as planning and environmental consultants in respect of its anticipated waste plastic to hydrogen facility, in Co. Longford, Ireland. Atkins, is one of the world’s leading design, engineering, and project-management consultancies. Atkins said HUI are accelerating the global move to net zero with their innovative approach to the reuse of a waste product as an alternative energy source. This is entirely aligned with Atkins Net Zero Business aspirations, and it is delighted to be part of the team.
Comment: Adding to the German engineering giant Linde, we now have another blue chip name in the mix for HUI in the form of WS Atkins. Given that its plant roll out requires such companies to be executed, this is another milestone for HUI.
Drumz (DRUM) announced that Kerry Chambers has been appointed Chief Operating Officer of Acuity Risk Management Limited, the Company’s operating business with immediate effect. DRUM said it welcomed Kerry’s appointment as Chief Operating Officer as she has demonstrated her skills in increasing Acuity’s commercial activities. She has the skills necessary to manage Acuity’s exploitation of its opportunities in the large and fast growing global market and it is confident that the plans to develop in North America and elsewhere will be successful.
Comment: Drumz continues to beef up its Acuity business with the latest appointment, something which should signal to the stock market that DRUM trading at the low end of its trading range currently is inappropriate.
Technology Minerals (TM1), which is focused on battery metals, announced that its 48.25% owned battery recycling business, Recyclus Group Ltd, has received final clearance from the Environment Agency to commence full operations at its lithium-ion battery recycling plant in Wolverhampton, West Midlands. TM1 it is pleased to announce that it has received final EA approval to commence full automated operations at our Li-ion battery recycling plant in Wolverhampton. This is a significant moment for the Company and the UK. The Wolverhampton plant has become the first facility in the UK with the capability to recycle Li-ion batteries on an industrial scale.
Comment: The latest news should be more than enough for shares of TM1 to continue their recent sharp recovery. The technical target is towards 3.5p while above 2p.
hVIVO (HVO), (formerly Open Orphan plc) a specialist contract research organisation, announced its audited results for the 12 months ended 31 December 2022. The company said 2022 marked a transformative year for hVIVO, as it achieved record financial and operational performance, providing strong validation of its sustainable growth model. With exceptional financial strength, and an impressive orderbook, it is proud to have full visibility of 2023 revenue guidance with strong visibility into H1 2024.
Comment: Any doubters regarding hVIVO should have been put in their place with the latest update from the company. If anything, the strong visibility going into 2024 is the icing on the cake.
African Pioneer (AFP), the exploration and resource development company, informed shareholders of the successful completion of a key regulatory requirement, the award of an Environmental Clearance Certificate for the 85% owned Ongombo Project located within Exclusive Prospecting Licence EPL 5772, 40km NE of the capital city, Windhoek, Khomas Region, Namibia.
Comment: Given the progress the company has been announcing of late, such as today’s news, it seems strange that shares of AFP remain near 1 year support. The latest from Namibia may be enough to move the dial once and for all.
Mobile Tornado (MBT) a provider of resource management mobile solutions to the enterprise market, announces that Leeds Bradford Airport has entered into an agreement with one of the company’s resellers to equip its workforce with Mobile Tornado’s world-leading technologies for critical communications. The company said this agreement with one of the UK’s busiest regional airports represents another big vote of confidence in its push-to-talk over cellular platform as an improved radio system for critical communications.
Comment: Shares of MBT have been trading sideways since the start of the year near the 2p level. It may be anticipated that today’s news could be enough to initiate a new leg to the upside as the push-to-talk phenomenon becomes more appreciated by the market.
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