(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.
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AIM - WINNERS
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i3 Energy PLC, up 13% at 23.35 pence, 12-month range 7.39p-24.73p. The oil and gas producer posts "record production" in its first quarter. In the first quarter, the weekly average production of barrels of oil equivalent per day more than doubles to about 20,312 from 8,856 a year ago, the Hampshire, England-based firm says. The production increase resulted "from the company's low decline profile and strong drilling performance," Ryan Heath, president of i3 Energy Canada Ltd, explains.
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Directa Plus PLC, up 7.4% at 130.00p, 12-month range 97.55p-178.00p. The graphene nanoplatelets supplier says it has received authorisation from the US Environmental Protection Agency for its Grafysorber technology. The authorisation allows the potential to export the patented technology, it says.
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CareTech Holdings PLC, up 4.9% at 746.00p, 12-month range 522.00p-748.57p. DBAY Advisors Ltd submits an indicative proposal for a possible all cash offer for the social care services provider of 750.00p per share. DBAY says the offer represents a 28% premium to Caretech's closing share price on March 4. DBAY notes the potential offer also includes a partial non-voting share alternative to enable shareholders to roll-over some of their investment and retain an interest in CareTech's future should they decide to do so. CareTech says discussions with DBAY are at an early stage.
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AIM - LOSERS
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XLMedia PLC, down 9.7% at 36.33p, 12-month range 24.30p-69.50p. The digital performance publisher says Chief Executive Officer Stuart Simms is resigning from his role in the following months. "He will remain with the business for the next few months to support the executive team and board, and to facilitate an orderly handover," the company explains. Stuart Simms has been CEO of the company since October 2019. The board is starting a formal executive search process to find a new CEO, it adds.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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