(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.
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AIM - WINNERS
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Netcall PLC, up 24% at 80.99 pence, 12-month range 50.00p-89.00p. The customer engagement software provider signs a USD19 million contract for its Liberty platform. The revenue that will be generated for the initial three-year cloud subscription period is USD19 million. The board now anticipates that adjusted earnings before income, tax, depreciation and amortisation for the financial year ending June 2023 to be "significantly" ahead of its previous expectations.
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AEX Gold Inc, up 5.4% at 46.39p, 12-month range 0.24p-47.00p. The gold mining company signs an agreement to create a joint venture with ACAM LP to explore and develop its southern Greenland project. Jersey-based natural resource-focused ACAM will initially invest GBP18 million in exchange for a 49% shareholding in the joint venture. This funding will go directly to the special purpose vehicle and will aid in progressing the exploration for and identification of strategic minerals across a number of AEX's existing gold targets.
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MP Evans Group PLC, up 1.4% at 986.00p, 12-month range 670.00p-1,090.00p. The palm oil producer reports higher crude palm oil prices, as it produced a similar amount of palm oil in the first five months of 2022 as a year ago. Average crude palm oil prices in the first five months of 2022 rose 45% to USD1,630 per tonne from USD1,127 a year ago, MP Evans said. The firm produced 130,300 tonnes of palm oil, slightly lower than 132,400 a year ago. It noted that production in its own mills increased by 9%. MP Evans proposed a 40% increased total dividend of 35 pence per share for 2021, up from 25p proposed in March.
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AIM - LOSERS
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Light Science Technologies Holdings PLC, down 25% at 8.85p, 12-month range 7.00-32.00p. The agricultural lighting and monitoring systems provider expects revenue to be about 35% below market expectations for the current financial year ending on November 30, due to delays in sales cycle. Problems include government grant delays and input inflation experienced by growers, which has led to capital expenditure by growers being delayed. Expects a pretax loss for the current year in the region of GBP2 million, similar to GBP2.3 million in financial 2021.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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