(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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Everyman Media Group PLC, up 8.5% at140.00 pence, 12-month range 96.96p-161.00p. The London-based company, which by number of venues is the fourth largest cinema chain in the UK, tracks the wider leisure sector higher. Markets have bet on the Omicron variant causing less economic disruption than previous Covid-19 strains. FTSE 250-listed peer Cineworld Group PLC rises 6.0%.
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Gama Aviation PLC, up 5.8% at 46.00 pence, 12-month range 35.00p-46.88p. The aviation services company tracks the travel sector higher. Travel stocks kick off the year strongly, also benefitting as Covid-19 fears ease somewhat. In addition, Farnborough, England-based Gama secures all the necessary consents to continue with the sale of its 20% holding in China Aircraft Services Ltd. China Aircraft provides services to commercial airlines at Hong Kong Airport. The stake is to be sold to Hutchison CCF Investments Ltd for USD2.0 million, Gama said in November.
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AIM - LOSERS
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Goldstone Resources Ltd, down 14% at 9.90p, 12-month range 7.40p-15.50p. Goldstone says it has recovered 37 kilogrammes of gold to date in 2022, just over 14kg in gold dore and the rest in concentrate. It has recovered roughly 20% of contained gold, less than expected. "The company is in the process of carrying out detailed test work and cost analysis to understand the leach kinetics within the heap so as to optimise the recovery the remaining contained gold," Goldstone says. Goldstone labels 2021 an "extraordinary year" despite "various setbacks" which have delayed its output schedule.
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By Eric Cunha; ericcunha@alliancenews.com
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