Catenae Innovation PLC (LON:CTEA) had a busy week with a triple dose of good news, sending the shares up 154% to 7p.
The digital media firm announced that its COVID-19 passport app is now ready to be rolled out across the UK and globally. The Cov-ID records whether individuals are unexposed, active or recovered from the virus by uploading results of swab and antibody tests. Sharing the data will allow individuals to freely roam in public locations, such as workplaces.
Catenae, which completed the app well ahead of schedule, is already in discussions with potential customers. Still, the firm didnt leave behind its pre-pandemic projects and also unveiled its 'Onsite ID', a new multi-document digital wallet. The system allows potential employers to access IDs and qualifications to avoid fraud, that can often happen with paper-based processes.
These two products will be trialled in Botswana following a new agreement inked with tech player Afrik-ID, also announced this week.
Staying in Africa, Fastjet PLC (LON:FJET) descended 26% to 0.1p after admitting it only has cash to survive until the end of August. The low-cost airline has had all but repatriation flights grounded until the end of July, but didnt specify what restrictions will be lifted by the South African and Zimbabwean governments thereafter.
Looking at the wider market, the AIM All-Share index and the FTSE 100 both rose 1% over the past week, to 894 and 6,213 respectively.
Among the risers, Haydale Graphene Industries PLC (LON:HAYD) rocketed 68% higher to 3p on a new collaboration with IRPC to develop graphene-based fabric for medical use, including face masks.
Data insight provider TrakM8 Holdings PLC (LON:TRAK) soared 57% to 21p after confirming a delayed contract to optimise home deliveries for a major UK food retailer.
Meanwhile, Sound Energy PLC (LON:SOU) climbed 55% higher to 2p after entering an initial agreement with a Moroccan energy group, which could purchase liquefied natural gas and partially finance the Phase 1 development of the junior oilers TE-5 Horst development.
Fellow oiler Nostra Terra Oil and Gas Company plc (LON:NTOG) jumped 16% to 0.3p after reassuring investors it can weather the oil crisis, having secured fuel hedges of US$55.15-57.15 per barrel for half of its production until December.
Cello Health PLC (LON:CLL) surged 40% higher to 162p after a takeover offer from private equity firm Arsenal Capital Partners, valuing the health advisory firm at £178.8mln or 161p per share, a 44% premium to the previous closing price.
IT service provider Cloudcoco Group PLC (LON:CLCO) jumped 34% to 0.9p after forecasting higher demand as organisations seek to adapt to the 'new normal', with an increasing need for communication systems.
In the mining sector, IronRidge Resources Ltd (LON:IRR) advanced 22% to 12p after defining a drill-ready target at the Zaranou gold license in Côte d'Ivoire, as well as expanding Read More – Source
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