Small Cap Stocks Update: Ceres Power, HIVE Digital, Savannah Resources, Spectra Systems, Versarien, 88 Energy, Arrow Exploration

UBS maintains a "Buy" rating on Ceres Power Holdings with a 570p price target, citing strengthening licence momentum, expanding access to the US market, and improving cost competitiveness for its solid oxide fuel cell technology. HIVE Digital Technologies established an at-the-market equity program to sell up to $300 million worth of common shares, and Savannah Resources' shares rose 10% after an operational update. Spectra Systems landed a five-year maintenance contract worth $6.7 million, while Versarien's shares sank 38% after a potential buyer pulled out of a deal to acquire its assets. 88 Energy's shares gained 5% after mapping out 2026 production testing plans for Project Phoenix on Alaska's North Slope. Arrow Exploration Corp's shares rose 4% after its operational update.