Investors bet on XLMedia PLC (AIM:XLM, OTC:XLMDF) as the company said its North American sports business was trading strongly.
The global digital performance publisher and data miner said revenue for 2021 was $66.5 million, down from $54.8 million and in line with guidance released in early February.
The sports segment generated revenues of $31.4 million, compared to $11.3 million the previous year, which more than offset the decline in assets at the European casino, where revenues fell to 23, $2 million versus $31.7 million.
Shares jumped 41% to 39.25p, likely putting a smile on digital publishing veteran Marcus Rich, who was announced as the new chairman this week.
Rich previously held managerial and non-executive positions in the media industry, working for companies such as Daily Mail & General Trust and EMAP (East Midland Allied Press, as it was).
Its industry counterpart Mirriad Advertising PLC (AIM:MIRI, OTCQX:MMDDF), which specializes in placing unobtrusive advertisements in media such as computer games or TV shows, saw its value increase by around a third after publishing a white paper on how to win back lost audiences.
The document noted a change in the key age group of 18-49. Their participation in linear television – viewing with commercial breaks – has fallen by 49% over the past five years and is expected to drop by 22% over the next two years.
Unsurprisingly, the company claims to have a solution to this problem.
Chariot Ltd (AIM:CHAR, OTC:OIGLF) advanced 37% to 17.425p after improving its view of its discovery off the coast of Morocco with analysis from the Anchois-2 well indicating a 50% increase in net pay at 150 yards (m), down from 100m in the recent initial scan and 55m in Anchois-1.
Keras Resources PLC (AIM:KRS) jumped 150% this week on taking full control of the Diamond Creek organic phosphate lease and mine, allowing production to resume.
The company acquired the 49% minority interest in Falcon Isle, owner of the Spanish Fork mine and processing facility in Utah, from Helda Living Trust for US$3.2 million.
Reaching the deal allowed the company to avoid a lengthy and costly litigation process in the United States and allows Falcon Isle to resume operations to meet demand in the spring, Keras said.
Avacta Group PLC (AIM:AVCT) jumped 41% after announcing that it would present preclinical data on its AVA6000 prospect at the annual meeting of the American Association for Cancer Research.
AVA6000 is a FAP-activated doxorubicin therapeutic agent that uses Avacta’s pre|CISION platform to improve the safety and therapeutic index of the chemotherapy drug doxorubicin used to treat cancer.
Cambridge Cognition Holdings PLC (AIM:COG), which develops and markets digital solutions for assessing brain health, had a strong week, rising two-fifths on a contract win.
The contract, worth just over £1million, is with a top 10 anonymous pharmaceutical company to provide digital cognitive assessments for a pivotal Phase III trial in autoimmune diseases.
Which company saw its shares soar 34% to 14.725p this week?
If you answered Quiz PLC (AIM:QUIZ), score a point. Score two points if you knew it was because the fashion company reported continued strong business momentum, prompting it to raise its full-year revenue forecast.
On the day new energy tariffs came into effect in the UK, tidal energy company SIMEC Atlantis Energy Limited said it had secured a £2.5 million non-convertible loan from Scottish Enterprise which will enable the redeployment of the two remaining turbines at the MeyGen site within the next 12 months.
It was an extremely disappointing week for 88 Energy, which lost more than half of its value after a disappointing result at the Merlin-2 well in Alaska.
The company has been unable to obtain fluid samples from the Merlin-2 well, and interim wireline logging analysis has indicated that the quality of the reservoir there is insufficient to warrant a production test.
Elsewhere in the resources sector, Beowulf Mining PLC (AIM:BEM) lost two-fifths of its value after it said it invested £1million in Vardar Minerals to fund the start of drilling at Wolf-Mountain in Kosovo.
The investment increases Beowulf’s stake in Vardar from 51.4% to approximately 59.5%.
BlueRock Diamonds PLC has taken advantage of recent share price strength to tap into the fund market.
The company, which owns and operates the Kareevlei diamond mine in South Africa’s Kimberley region, raised £2/1m through a share placement at 35p a pop – the price at which shares are currently trading.