AIM movers: Anglesey Mining fundraising and IXICO wins another contract
Medical imaging technology provider IXICO (LON: IXI) has won another major contract. It is a global phase 3 Huntingdon’s disease clinical trial contract with an international biotech. This will be worth £2.7m over six years. This helps to underpin existing forecasts with revenues of £9m for 2026-27. The share price jumped 23.4% to 14.5p.
Lower emissions fuel developer Quadrise (LON: QED) expects Valkor to pay $300,000 in early November and the remaining $650,000 could be paid before the end of the year. This cash was expected in October. This is based on Valkor completing its fundraising. Shipment of the Multifuel Manufacturing unit to Utah will happen when the payments are made. The share price increased 13.8% to 1.65p.
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Floorcoverings manufacturer Victoria (LON: VCP) is gaining market share with organic growth of 5% in the first half. EBITDA excluding Balta, which has been hampered by the relocation of production to Turkey, should be slightly higher than the first half of last year. Higher oil prices have raised raw materials costs. So far, £26m of planned disposals of £70m have been achieved. Victoria has announced a Consent Solicitation as part of a refinancing and more than 90% of senior secured noteholders, where there is €166.6m outstanding, support the transaction. This includes KED Victoria converting part of its A preferred shares holding into shares, which would give it a 24.9% stake in Victoria. The share price gained 5.25% to 40.625p.
Industrialised housing supplier Eco Buildings (LON: ECOB) has gained a €11.9m agreement for 60 luxury villas in Albania with first delivery in the second quarter of 2027. The contract should be completed in 2029. A second factory line should be installed by the end of the year. The share price rose 4.65% to 11.25p.
FALLERS
Anglesey Mining (LON: AYM) has raised £1.25m at 4.5p/share. This cash will accelerate development of the Parys Mountain, including a new drilling programme. There are also plans to extend the Northern Copper Zone and Garth Daniel Zone to the northeast and east. Tavira has been appointed as joint broker. The share price declined 21.7% to 4.5p.
Litigation Capital Management (LON: LIT) says that the debt covenant waiver provided by Northleaf has been extended to 13 November. The long-term amendment to the debt facility should be completed by then. The interest rate remains at 2%. There is no additional fee payable. The share price slumped 15.8% to 0.42p.
Huddled Group (LON: HUD) has launched Peeko Love its live shopping platform. There are live presenters, interactive product demonstrations, customer engagement and competitive auctions. The opening broadcast had more than 3,000 unique viewers and more than 7,000 live bids. There was £6,500 in net revenues. The share price slipped 9.37% to 0,725p.
Vast Resources (LON: VAST) increased full year revenues from $484,000 to $836,000. There has been a subsequent $1.5m regulatory penalty imposed on Romania-based Vast Baita Plai, which has been recognised in the latest results even though it is disputed. These results are for the year to April 2026, which is before the reverse takeover of Gulf International Minerals, which has a 49% stake a Tajik gold and silver mining joint venture. Brian Moritz is retiring as chairman. The share price fell 6.67% to 3.5p.
Deutsche Bank has reduced its share price target for Polar Capital (LON: POLR) from 1200p to 1100p, but it retains a buy recommendation. The share price dipped 6.46% to 709p.
