(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.
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AIM - WINNERS
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Proton Motor Power Systems PLC, up 3.3% at 40.28 pence, 12-month range 40.28p-125.0p. Wins further order from GKN Hydrogen for an additional eight PM Module S8 fuel cell systems designed for the autonomous provision of energy and heat to be delivered in the first quarter of 2022.
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BlueRock Diamonds PLC, up 3.1% at 48.44 pence, 12-month range 40.0p-63.50p. Discovers 14.3 carat stone, its third "high quality" find so far in August. The diamond producer, which operates the Kareevlei mine in South Africa, says the stone will be sold in its August tender. To compare, BlueRock sold a 14.8 carat stone in January for USD163,000.
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AIM - LOSERS
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Robinson PLC, down 10% at 110.00 pence, 12-month range 110.0p-169.0p. Sinks to pretax loss of GBP581,000 in six months to June 30 from GBP1.1 million profit year before, as operating costs rise to GBP3.5 million from GBP2.6 million. Revenue improves to GBP21.2 million from GBP17.9 million. "Across our markets we are seeing a lower-than-normal level of demand in the third quarter due to the ongoing uncertainty across fast-moving consumer goods ​supply networks and a varying pace of recovery following the pandemic. We are now expecting this to continue for the second half, so we are accelerating our plans to improve our operations for additional cost savings and profitability," Chief Executive Alan Raleigh said. Company now guides for full year operating profit before amortisation of intangible assets to be about GBP2.0 million, versus GBP2.7 million in 2020.
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Condor Gold PLC, down 5.5% at 41.60 pence, 12-month range 38.00p-55.00p. Notes "very successful" drill programme in La India starter pit, with 3,370 metres diamond core drilling programme completed, all assay results have been received and all significant intercepts have been reported. "Using a 2.0 grammes per tonne cut-off grade, the Starter Pits contain 445,000 tonnes at 4.17 grammes per tonne gold for 59,700 ounces gold with a 6.8 to 1 strip ratio and represent less than 10% of the full permitted La India open pit," company says.
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Empire Metals Ltd, down 5.7% at 1.93 pence, 12-month range 1.93p-4.62p. Begins reverse circulation drilling at Central Menzies gold project in Australia. The 2,100 metres programme is expected to be completed in September, "keeping the fast-track development of the project on schedule and within budget".
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By Paul McGowan; paulmcgowan@alliancenews.com
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