Ten Lifestyle Group PLC (LON:TENG) was one of the latest coronavirus victims this week after it warned on Friday its full-year revenue growth would come in below expectations.
The travel technology group shares slumped by 23% to 76p despite reassuring investors that its sales come from service delivery and not hard-hit ticket bookings.
It did, however, say there had been disruption in the Asia-Pacific region in the last two months, while near-term marketing spend and client launches are expected to get weaker.
Despite the travel sector malaise, Easyhotel PLC (LON:EZH) managed to advance 23% to 83p after Citrus Holdco agreed to provide it with £11mln by acquiring shares at 95p each, a 35% premium to Thursday’s closing price.
Citrus is partly owned by ICAMAP Investments, the budget hotel chain’s majority shareholder with a 52% stake.
The proceeds will be used to fund the group’s roll-out strategy, including a 230-bedroom hotel in Madrid, Spain.
Turning to the wider market, the small-caps seemed to stabilise following last week’s coronavirus bloodbath, with the AIM All-share broadly flat at 853, outperforming the FTSE 100, which was down 1% over a volatile week to 6,742.
Solo said it has enough cash to meet its commitments in Tanzania but has now set up a data room for anyone interested in acquiring its 25% stake in the Ruvuma production area in the country.
In the mining sector, Condor Gold PLC (LON:CNR) jumped 25% to 33p after it showcased the potential of a 1,000 tonnes per day facility at the La India project in Nicaragua.
Also on the up this week was medtech firm Oncimmune Holdings PLC (LON:ONC), which leapt 24% higher to 79p after its lung cancer detection kit went on sale in the US, the world’s largest healthcare market.
Elsewhere, Haydale Graphene Industries PLC (LON:HAYD) rose 16% to 1p after revealing a pair of contract news in the week.
Haydale said Wednesday that South Korean firm iCraft has incorporated its graphene nano-platelets into a cosmetic face mask. A day earlier, the firm said it had won a gig with the English Institute for Sport (EIS) to produce high-performance kit coated with graphene.
Also on the contract front, Itaconix PLC (LON:ITX) shares gained 10% to 1p after inking a deal with an unnamed company, which wants to assess the potential of the firm’s BIO*Asterix technology in biodegradable packaging.
And Urban Exposure PLC (LON:UEX) shot up 17% to 68p after confirming it is in “exclusive” discussions with Pollen Street Capital to offload its loan book.
If it goes ahead, the existing executive team will buy its asset management business, then the finance provider to property developers will de-list from AIM and return 73p per share to its shareholders.
It was a different story for e-commerce solutions provider Proactis Holdings PLC (LON:PHD), which crashed 34% lower to 31p after it said it was no longer up for sale, ending an eight-month search for a buyer.
Power company Rurelec PLC (LON:RUR) tanked 25% to 0.4p after it said it was not sure when it will recover US$21mln in loan notes owed to it by Patagonia Energy, which operates electricity projects in Argentina.