SMALL CAP MOVERS: Osirium; Engage XR; Journeo

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more than doubled this week after the cybersecurity and IT automation software specialist boasted of a record quarter for bookings.It must be all those companies worried about attacks from Russian hackers.The group said it is seeing continued growth in contract values and a return to pre-pandemic levels. Five of the contracts secured in the first three months of the 2022 financial year are each at a larger value than any individual contract signed in fiscal 2021. Shares in Engage XR, a virtual reality technology company, shot up 41% this weekElsewhere in the technology sector, , a virtual reality technology company, shot up 41 per cent after an announcement from its partner, VictoryXR.VictoryXR announced the launch of 10 ‘metaversities’ in the US this autumn.Each college or university will roll out a digital twin, replica campus for students to attend whether they are on campus or learning remotely, the statement said.’Just like the real world, students will be able to break into small groups and work on projects together, no matter their physical distance, but unlike the real world, they will be able to shrink to the size of Ant-man and tour the human body,’ said Steve Grubbs, the chief executive officer of VictoryXR.Well, I suppose with a name like Grubbs, a weird fixation with insects is understand have been out of favour this year for obvious reasons, losing two-thirds of their value in the immediate aftermath of Russia’s invasion of Ukraine but the sha jumped 22 per cent after it said it saw strong revenue growth last year even as the boost from Covid faded away.The in-vitro diagnostic products maker said future revenues related to Covid are expected to be minimal but the market focused on the 41 per cent increase in revenues to £12.3million in the year to the end of March, which was driven by an increase in the contribution from the Health & Nutrition division to £8.6million from £6.8million the year before.Investors are on the lookout for increased production from the oil companies at the best of times but in the current environment, any news of record reserves from an oil producer is sure to attract the attention of the market.So it proved with, which said its Canadian subsidiary had record reserves at the end of 2021, while the quarter just ended saw its highest production ever.Shares in i3 rose by around a third this week.The worst performer this week was , which announced the departure of the company’s founder and chief executive alongside financing plans as it said discussions are continuing with a ‘small numbe

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