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(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.
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AIM - WINNERS
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Cora Gold Ltd, up 48% at 11.85 pence, 12-month range 6.9p-15.45p. The West African-focused gold company reports sixth set of drill results from its largest ever drilling campaign at its Sanankoro gold project in southern Mali. Says results at zones A and C further reinforce the mineable quality of the Sanankoro gold structures, and notes a zone A highlight of 19 metres at 31.56 grams per tonne gold from 65 metres, saying this is "by far the most significant drill hole that Cora has ever drilled." Chief Executive Bert Monro says: "This hole sits outside the existing inferred resource pit shell, starting 50m deeper than the current resource pit shell, so offers even greater upside to the Sanankoro gold project."
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Petro Matad Ltd, up 25% at 7.97p, 12-month range 2.18p-9.34p. Says Mongolia's minister of Mining & Heavy Industry has approved the award of the Block XX exploitation licence to firm. This runs for 25 years, until July 1, 2046, with the option to extend for two periods of five years each. "The company will now resume discussions with potential farm-in partners and review funding options to complete the next stage of activity," it says.
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MyHealthChecked PLC, up 13% at 4.02p, 12-month range 0.71p-7.45p. The consumer home-testing healthcare firm says revenue in six months to end of June up "dramatically" to GBP3.3 million from just GBP12,700 a year ago, driven by Covid-19 testing services. Remains optimistic over business prospects for the full year. "We are mindful to ensure a strong pipeline of genetic tests outside of Covid-19 to secure the firm foundations of a business backed by robust science and innovative technology that can deliver long-term sustainable revenue growth," says Chief Executive Penny McCormick.
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Somero Enterprise Inc, up 12% at 488p, 12-month range 195.39p-490p. Expects to beat previous 2021 guidance due to ending first half with stronger than anticipated trading in the US and momentum continuing into second half. Now expects 2021 revenue to be around USD110.0 million and adjusted earnings before interest, tax, depreciation and amortisation around USD35.0 million, previously seen at USD100.0 million and USD31.0 million respectively.
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AIM - LOSERS
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i3 Energy PLC, down 15% at 12.19p, 12-month range 3.61p-16.8p. The oil and gas company with assets and operations in the UK and Canada raises GBP40 million via placing of 363.7 million shares at price of 11p each. Canadian subsidiary agrees to buy Cenovus Energy Inc for CAD65 million. "The strategic acquisition delivers extensive operational synergies, predictable low-decline production, a large reserve base with multi-year development inventory and expected strong free cash flow," it says.
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By Lucy Heming;Â lucyheming@alliancenews.com
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