(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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Arc Minerals Ltd, up 21% at 4.03 pence, 12-month range 2.90p-8.90p. The copper and cobalt explorer says drilling has intersected "massive" sulphide copper mineralisation at Cheyeza East, Zambia. The first hole which is currently being drilled, around 500 metres to the northwest of the previous oxide drilling campaign, has intersected massive and disseminated copper sulphide mineralisation, confirmed by both visual observations and X-Ray Fluorescence analyses, Arc says. "This represents the most significant copper sulphide discovery since the company's various drilling campaigns started," it says.
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Aura Energy Ltd, up 13% at 17.05p, 12-month range 3.19p-23.00p. The minerals company says its shares will recommence trading on the Australian Securities Exchange on Thursday. Also says it continues to fast track the low capital expenditure, low operating cost Tiris Uranium Project in Mauritania to production.
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AIM - LOSERS
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Deepmatter Group PLC, down 13% at 1.30p, 12-month range 1.30p-3.10p. Shares in the digital chemistry data company hit fresh 12-month low after it posts a widened interim loss on higher research & development costs. Revenue for the first half of 2021 rises 21% to GBP649,000 from GBP536,000 a year before. While cost of sales falls 23% to GBP176,000 from GBP230,000, research & development costs jump to GBP856,000 from GBP319,000. This resulted in a widened pretax loss of GBP1.5 million versus GBP1.2 million year-on-year. DeepMatter says its sales were "solid" in the period, and the higher research & development costs reflected continued investment in products.
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Mirriad Advertising PLC, down 11% at 29.00p, 12-month range 26.00p-65.00p. The advertising technology says it expects revenue for the year to be below prior guidance. For six months to June 30, revenue increases by 27% to GBP1.1 million from GBP897,000 last yea but pretax loss widens to GBP5.9 million from GBP4.9 million. "In late July the company provided revised guidance for revenues this year and an expectation on annualised run rate around the end of the year. The board now expects its revenues to be below this guidance and will provide a further update around the time of the year end," it says.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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