AIM movers: Gelion sulfur cathode take a look at profitable and Clean Power Hydrogen figuring out issues
Sulfur battery know-how developer Gelion (LON: GELN) says there have been good preliminary outcomes from the impartial testing of its Nano-Encapsulated Sulfur (NESTM) Cathode Active Material (CAM) by National Laboratory of the Rockies (NLR) below the Cooperative Research and Development Agreement (CRADA) that was introduced in June. They confirmed Gelion’s personal exams. The subsequent step is pouch cell prototyping. There is potential to be used in shopper electronics, drones and electrical autos. The share worth jumped 26.4% to 16.75p.
Hydrogen know-how developer Clean Power Hydrogen (LON: CPH2) has undertaken an inner technical investigation into an incident final May in the course of the remaining manufacturing unit acceptance testing of the MFE220 1MW unit. An sudden error brought about a shutdown that led to important injury to the tools. It seems that the corporate’s membrane-free stacks had been guilty. Component design and cleanliness had been components. Remedial analysis and design have began. Lisheen H2 Energy Park has prolonged its licence to own-use rights within the US and additional discussions proceed. The share worth recovered 11.1% to 1.25p, however it’s nonetheless greater than 90% decrease than the height in May.
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Professional companies supplier Diales (LON: DIAL) was extra worthwhile than anticipated within the 12 months to September 2026. Operating revenue will likely be not less than £1.8m, in contrast with forecasts of £1.5m, on revenues of £44m. Gross margins have improved. Net money was £3.3m. The share worth rebounded 9.84% to 33.5p.
Petro Matad (LON: MATD) says its three way partnership SunSteppe Renewable Energy has signed a memorandum of understanding with Saudi Arabia-based Acwa for the potential export of renewable vitality from Mongolia to China. This is along with current tasks. There will likely be additional particulars of the three way partnership in a presentation tomorrow. The share worth rose 5.71% to 0.925p, having been above
FALLERS
Mind Gym (LON: MIND) says that it’s making progress transferring from episodic coaching to a extra strategic associate to its shoppers. However, market circumstances are powerful, and interim revenues have fallen from £13.5m to £11.5m. Recurring charges are 45% greater at £2.1m. Annualised prices of £900,000 have been taken out of the enterprise, which brings the overall discount over 18 months to £9.4m. Even so, the interim loss will improve. Net debt was £1.6m. Mind Gym believes it may be worthwhile within the second half. The share worth slumped 10.6% to five.25p.
North Sea-focused oil and gasoline producer Serica Energy (LON: SQZ) reported third quarter manufacturing above expectations. Production was round 22,000 boe per day, helped by latest acquisitions. The Triton upkeep interval has been prolonged, so full 12 months manufacturing estimates have been diminished to round 38,000 boe per day. Full 12 months money move after tax and curiosity expenses is predicted to be $447m. Serica Energy is ready to maneuver to the Main Market in just a few weeks. The share worth declined 3% to 271.6p.
Oil and gasoline producer Kistos (LON: KIST) averages professional forma manufacturing of round 20,000 boe per day to date this 12 months following a discount within the third quarter due to the deliberate turnaround of the Jotun FPSO. This is correct in the midst of the complete 12 months manufacturing steerage. Nine month professional forma EBITDA is $280m, together with a contribution from lately acquired belongings in Oman. Kistos has unhedged publicity to grease and gasoline costs. Net debt is $101m. The share worth fell 4% to 300p.
80 Mile (LON: 80M) has signed heads of phrases to promote its Finland belongings to Badlands Resources Inc. This consists of the Hammaslahti copper-zinc mission and the Outokumpu copper-volcanogenic large sulfide mission. The money cost of C$1m will likely be in two tranches and 80 Mile will take a 19.9% stake in Badlands Resources. There could possibly be additional contingent consideration of as much as C$4m relying on the achievement of milestones. This will allow 80 Mile to concentrate on its tasks in Greenland and Italy. The share worth slipped 3.12% to 1.0075p.
