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Small Cap Movers: Feedback gets Bleepa opportunity amid coronavirus pandemic

When Feedback PLC (LON:FDBK) started trialling its app for doctors at the Pennine Acute Hospitals NHS Trust in December 2019 it could not predict the opportunity arising from the current coronavirus (COVID-19) pandemic.

Bleepa is a communication tool for healthcare professionals, which allows them to share and discuss medical images and patient cases. It means that chest X-rays and CT scans are more easily accessible for consultants, doctors and nurses both on-site and remotely.

Pennine turned the pilot programme into a roll-out dedicated to COVID-19 cases, while Feedback added new features such as the option to see whether a patient is on ventilation.

Feedback shares rose 12% to 1.05p this week on news that Bleepa will now be used by the Royal Papworth Hospital NHS Foundation Trust as well.

“The launch of Bleepa at Papworth is further evidence of the changing needs of front-line clinicians around their interaction with medical imaging and with colleagues, something that we are uniquely positioned to enable,” said Feedbacks chief executive Tom Oakley.

The med-tech group has applied for a CE mark, which would provide European regulatory sign off for the device. Once this comes through, the plan is to distribute Bleepa across as many hospitals as possible.

Feedback, which specialises imaging software and systems, has made the platform available free of charge during the pandemic. But the firm sees potential even after the crisis is over, as most types of medical specialties use imaging,

Looking at the wider market, the AIM All-Share index rose 2.9% over the past week, outperforming the FTSE 100, which nudged up just 1.9% in that period.

Among the junior gainers, surface coating technology company Hardide PLC (LON:HDD) rocketed 56% higher to 40.67p after revealing it has seen no significant reduction in demand for its technology.

President Energy PLC (LON:PPC) gained 17% to 1.96p after the government of Argentina, where the oiler is focused, decided to set an internal fixed price for the domestic crude market amid oil trading volatility.

This also benefitted peer Echo Energy PLC (LON:ECHO) too, sending its shares up 70% to 0.85p. Echo said as well that its production and operations have continued uninterrupted amid the pandemic.

Salt Lake Potash PLC (LON:SO4) (ASX:SO4) charged 31% higher to 29.85p after its Lake Way project in Western Australia delivered flow rates that topped expectations set in a feasibility study.

Loyalty scheme specialist Universe Group PLC (LON:UNG) jumped 38% to 5.8p after revealing that this years pipeline indicated completed revenues of £5mln in the first quarter, with another £16mln expected through recurring contracts.

Jet2 owner Dart Group PLC (LON:DTG) flew 38% higher to 650p after it raised roughly £172mln by placing shares at 576.5p each to get through the current crisis.

Modern Water Group PLC (LON:MWG) surged 14% higher to 2.14p after its Microtox LX, used to test water toxicity, won the "Scientific Instrument Excellent New Product" award in a pool of 9,000Read More – Source