SMALL CAP MOVERS: 4Global boosted by Qatar World Cup

As the sports world’s attention turns to Qatar for the 2022 World Cup, 4Global’s data hub offerings are finding favor with the kingdom’s fledgling football clubs and venues.

Shares in the data group rose 6.7 percent in the past five days to 62.5 pence after it announced some beefy contracts in the Middle East.

The World Cup was not officially named, but a £200,000 prize was described as being for the “host nation of the upcoming major football sporting event which was to take place at the end of November and end in mid-December”.

4Global is in the data business. Sports data, to be precise and how to use it to get the most out of major sporting events.

The team of scientists and statisticians at the AIM-listed company offers a technology stack that includes a range of tools and dashboards.

Billions of data points come together to provide actionable insights to a customer base of governments, cities, federations, and private and public activity providers about how people’s activity habits change after a major event.

4Global has expanded its reach in recent months through a commercial partnership with EuropeActive, but this week focused on the Middle East.

In addition to the £200,000 win, 4Global received a £4 million project over five years involving a major sports infrastructure project for an undisclosed city also in the region.

“This is a significant contract win for the company, one of the biggest first wins in our history and a valuable foundation for our plans for the years to come,” said Eloy Mazon, CEO.

AIM meanwhile had a mixed week. The junior market’s All-Share Index jumped Tuesday, but corrected in the second half of the week to rise only Friday.

On Friday, it rose 0.5 percent to 813.7 compared to a 1.3 percent increase for the main market’s All-Share Index.

Atlantic lithium was another climber as the Ewoyaa lithium project in Ghana continues to impress.

The latest drilling revealed the highest metal grades yet as it filled in the gaps in the main deposit, while interceptions of new reconnaissance holes further afield were also described as encouraging.

Shares were up 20 percent on the news, making it a 66 percent jump this year as broker Liberum reiterated its buy recommendation and 46p target, which was quickly exceeded with the price now 47.4p

Oil and gas company Jadestone Energy rose 14 percent to 78p after a $20 million acquisition of the North West Shelf off the coast of Western Australia from BP.

Libertine Holdings meanwhile, rebounded after a sharp dip in Monday’s trading session.

A trading update on Thursday noted that the tech services company delivered £600,000 in commercial revenue in the first half of the current year.

Libertine has also partnered with an Italian engine developer to create scaled-down, high-performance linear generator products using renewable fuels. Shares even ended the week Steven at about 15p.

Longboat Energy was one of the strugglers, as the North Sea-focused oil activities took a hit at 40 percent of market value.

Investors were not impressed by the test results at the Oswig condensate discovery off the Norwegian coast.

In a pragmatic statement, CEO Helge Hammer said: “Longboat is pleased to have made a discovery at the Oswig well, albeit at the lower end of expectations prior to drilling.”

Enwell EnergyAnother AIM-listed oil and gas group saw its shares plummet Friday following a new adverse ruling in Ukrainian court proceedings regarding its Svystunivsko-Chervonolutskyi (SC) exploration license.

In trading on Friday, Enwell Energy shares were down 13 percent at 22.7 pence and down 19 percent during the week.