Cavendish is bullish on 88 Energy as its advancing latest Alaska opportunity
Cavendish sees very substantial upside for 88 Energy Ltd (AIM:88E, ASX:88E, OTCQB:EEENF, FRA:POQ) after the AIM-listed explorer secured access to a 3D seismic dataset over its Kad River East acreage in Alaska, with the broker reiterating a Buy rating and 19.8p target price (compared to the current price of 1.5p per share). The stockbroker, in a note, highlighted that the firm's newly licensed Kad River 3D survey covers the entirety of the recently acquired leases and strengthens the case for an active, multi-reservoir petroleum system already indicated by legacy 2D seismic and historic well data.
Sorted slump on plan to sell business for £1 and become cash shell
Sorted Group Holdings PLC (AIM:SORT) saw its share price halve to 10p after it unveiled plans to dispose of its main operating business for £1 and become an AIM cash shell, just two years after its arrival via reverse takeover. The AIM-listed software group said it intends to sell Sorted Group Ltd for a nominal consideration, subject to shareholder approval later this month.
Shares slide after Mkango Resources completes £12.5m fundraise, but oversubscription signals longer-term confidence
The AIM-listed rare earths company upsized its placing after strong demand, though shares fell back on dilution concerns. Shares in Mkango Resources Ltd (AIM:MKA, TSX-V:MKA, OTC:MKNGF), the rare earths developer, fell 13% to 33.6p on Wednesday despite the company completing a fundraise that was significantly oversubscribed and upsized from its original £10 million target to £12.5 million.
Poolbeg Pharma shares rise 10% as Australian patent grant bolsters POLB 001 commercial appeal
Poolbeg Pharma PLC (AIM:POLB, OTC:POLBF, FRA:POLBF)shares rose as much as 10% in Tuesday morning trading after the AIM-listed biopharmaceutical company secured its first national patent grant for POLB 001. This is the drug developer's lead candidate for preventing a serious side effect of cancer immunotherapy.
Record North Slope lease sale by supermajors shines fresh light on 88 Energy's Alaskan ambitions
ExxonMobil, ConocoPhillips, Repsol and Shell have just competed at the most successful lease sale ever held in Alaska's National Petroleum Reserve. The timing could hardly be better for 88 Energy Ltd (AIM:88E, ASX:88E, OTCQB:EEENF, FRA:POQ), the AIM-listed explorer advancing plans to drill one of the North Slope's most promising untested prospects.
Spectra Systems shares rise 8% as sensor contract drives record profits
Shares in Spectra Systems Corporation (AIM:SPSY, OTC:SCTQ) rose 8% to 136p after the AIM-listed banknote authentication and security technology company reported a doubling of adjusted earnings per share following the first deliveries under a major sensor contract. Revenue rose 30.7% to $64.3 million for the year ended 31 December 2025, while adjusted EBITDA (earnings before interest, tax, depreciation and amortisation, adjusted for non-cash items) surged 82.9% to $27.3 million and adjusted profit before tax and amortisation more than doubled to $25.2 million.
Directa Plus slumps on warning of administration risk unless funding talks succeed
Directa Plus PLC (AIM:DCTA, OTC:DTPKF) shares fell 17.5% to 7.01p after the graphene products company warned it could be placed into administration if it fails to secure fresh funding within weeks. The AIM-listed group said it was in advanced discussions with an unnamed institutional investor for a funding facility of up to £2.5 million to extend its cash runway, but cautioned there was "no certainty any funding transaction will be concluded".
Greatland Resources shares up strongly after it expands Telfer gold resource by 150%
Shares in Greatland Resources Ltd (AIM:GGP, OTC:GRLGF, FRA:G8G, ASX:GGP) rose 7% to 545.45p after the AIM-listed gold and copper miner reported a 150% expansion in the mineral resource at its flagship Telfer operation in Western Australia, taking the total to 8 million ounces of gold. The updated December 2025 estimate adds 4.8 million ounces at a discovery cost of approximately $5 per ounce, with the higher-confidence measured and indicated category growing 163% to 3.8 million ounces, providing a stronger foundation for mine planning and conversion into mineable reserves.
Mirriad shares collapse 47% as virtual advertising group warns on funding
Shares in Mirriad Advertising PLC (AIM:MIRI, FRA:8WQ, OTCQX:MMDDF) fell 47% to 0.0029p after the AIM-listed virtual product placement company warned it will need to raise further funds before publishing its annual results, with cash standing at approximately £675,000 as of 27 March 2026. Virtual product placement is a technology that digitally inserts branded products into video content after filming, allowing advertisers to reach audiences without traditional ad breaks.
88 Energy begins permitting for Alaska exploration well targeting 64m barrels
88 Energy Ltd (AIM:88E, ASX:88E, OTCQB:EEENF, FRA:POQ), the AIM and ASX-listed oil and gas explorer, has commenced permitting and planning for the Augusta-1 exploration well on Alaska's North Slope, targeting prospective resources of 64 million barrels of oil equivalent on a best-estimate, gross unrisked basis. The well is designed to test the stacked Ivishak and Kuparuk reservoirs within the North-West Lease Area of the company's South Prudhoe project, a 52,269-acre position situated immediately south of the prolific Prudhoe Bay and Kuparuk River producing units, in which 88 Energy holds a 100% working interest.
Hargreaves Services launches £20 million tender offer at 16% premium
Hargreaves Services Plc (AIM:HSP, OTC:HGRVF) the AIM-listed environmental services group, saw its shares jump 8% after it launched a tender offer to return up to £20 million to shareholders at 850 pence per share, a premium of 16% to Thursday's closing price of 730 pence. The offer has been increased from the £15 million figure flagged in the company's interim results in January, when the 850 pence price also represents a premium of 26.9% to the 670 pence closing price on the day before that announcement.
Seeing Machines targets positive EBITDA as GSR regulation set to drive royalty surge
Seeing Machines Ltd (AIM:SEE, OTC:SEEMF, FRA:M2Z), the AIM-listed AI-powered operator monitoring systems company, expects adjusted EBITDA to turn positive in both the third quarter and second half of its current financial year as approaching European road safety regulation drives a significant increase in automotive royalty volumes. The company said royalties from automotive production volumes are projected to rise significantly in the coming quarters as the General Safety Regulation (GSR), which mandates driver monitoring technology in new European vehicles, moves into active implementation and OEMs transition their compliance strategies into production.
