Shares of education technology specialist Dev Clever (DEV) rose 6% as it announced a heads of terms agreement with immersive learning group Veative and India’s National Independent Schools Alliance (NISA) which represents more than 70,000 budget private schools in India. Given that NISA has a captive audience of some 13m students, the opportunity for the three parties to work together over an initial two months period to deliver Dev’s launchyourcareer.com offering across all NISA schools supported the share price. Dev said it was looking to the NISA agreement as being the stepping stone to over 1m schools in India subscribing to its platform.
Mila Resources (MILA) returned to trading after a several months absence, with a 57% spike. The rise was all the more intriguing given the way negotiations regarding the acquisition of 100% of the share capital of E-Tech Metals had been terminated by E-Tech without cause. With only 23m shares in issue and a market cap of less than £600,000, it was probably the case that bulls of the stock were backing the idea of a fresh, healthy transaction to materialise sooner rather than later.
It has been a while since Strategic Minerals (SML) has occupied the upper echelons of the stock market leaderboard, but with a 21% jump it ended the week amongst the big risers. The company was seen to be returning to favour amongst traders as they pointed to the summer’s $21.9m arbitration decision, being in JV talks for two of its key projects in the UK and Australia, as well as receiving strong income from Magnetite sales. But overall, with copper and tin prices rising, and many other mining stocks already in recovery mode, it was apparent that Strategic Minerals could be set to play catch up with its peers.
Speaking of mining stocks in recovery mode, it was Bezant Resources (BZT) which squeezed another 3% higher off the back of an update on acquisition of the 30% Joint-Venture interest in the Kalengwa exploration project, Zambia. The copper-gold exploration and development company said that further to its announcement earlier this year it had agreed with KPZ International to revise the payment terms of the US$250,000 due to the existing shareholders of KPZ International.
There was a renewed flurry of interest at Trafalgar Property (TRAF) where the shell situation was notified of a fresh 4% stakebuilder. The shares managed to bounce back 11% on the basis that those adding into the stock may be anticipating a positive outcome is imminent.
There were similar attempts to add one and one and come up with more than two at Immedia (IME), where the shares rose nearly 7%, swinging either side of the 30p to close at 32p. This came after the previous sessions flush out move below 25p. With its all star cast of disclosable shareholders, traders were assuming smoke – the recent appointment of a finance director – could lead to the Great Fire of London.
Blue Star Capital (BLU) shares were on the front foot after the new technology company’s recent campaign to sing the praises of its Dynasty eSports investment. Blue Star, which owns 13% of Dynasty has said that its stake is now worth £1.3m off the back of the most recent fundraise at £10m. Shares of Blue Star jumped 14%, also having a 11.7% stake in David Beckham’s eSports vehicle Gild (GILD), another riser by 7%.
There was a return to form for Canadian Overseas Petroleum (COPL), with a 15% rise to 0.23p. This came after the new extended agreement with Essar Mauritius to the end of January 2021 announced at the end of last month, and Twitter trader talk of a license update being imminent.
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