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(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.
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AIM - WINNERS
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Kore Potash, up 40% at 1.99 pence, 12-month range 0.45p-2.00p. The potash development company inks memorandum of understanding arranging the full financing required for the construction of the Kola potash project in Republic of Congo.
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Active Energy, up 14% at 1.08p, 12-month range 0.362p-1.950p. The biomass-based renewable energy business says it has filed an application for its shares to be cross-traded on the OTCQB Venture Market in the US. Should the application be successful, the cross-trading facility will be provided through OTC Markets Group, located in New York.
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Caledonia Mining, up 11% at 1,183.50p, 12-month range 351p-1,90p. The miner increases quarterly dividend to 12 US cents per share from 11 cents.
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AIM - LOSERS
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88 Energy, down 64% at 1.44p, 12-month range 0.2p-4.7p. The Alaska-focused oil producer says operational issues have prevented it from sampling hydrocarbons in the two most prospective zones of the Merlin-1 well in project Peregrine in the North Slope of Alaska.
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Serabi Gold, down 10% at 60.1p, 12-month range 46.2p-118.4p. The gold miner has suspended two local managers in Brazil amid a delay to its annual results. The company has engaged lawyers in Brazil who have commenced their own internal enquiries whilst BDO LLP, Serabi's auditors, are undertaking further work to resolve the audit issues identified in Brazil.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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