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(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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Intercede Group PLC, up 16% at 118.00 pence, 12-month range 63p-118p. The identity management software company reports "strong progress" with recently launched Connect Partner Programme, which underpins growth through new partnerships in Europe, the US, south east Asia, Latin America and Africa. Says record six new customers signed up during first quarter, with orders received worth worth GBP600,000, most of which will be recognised in the current financial year. "During the last fiscal year, over 90% of new business revenue was booked through the Connect Partner Programme and it is pleasing to see this momentum continuing during the first quarter of the current year," says Chief Executive Klaas van der Leest.
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Eden Research PLC, up 10% at 11.58p, 12-month range 6.31p-20.98p. The agricultural chemicals producer says its bionematicide, Cedroz, has received authorisation for sale in Morocco and its biofungicide, Mevalone, gets sale approval in Romania. The approval in Morocco covers the use of Cedroz on tomatoes and cucumbers and Romania Mevalone green light is for use on wine and table grapes. "We are delighted by these new authorisations, which represent the first approval of Eden-developed products in the Moroccan and Romania markets, led by our commercial collaborators, Eastman and KNE Certis, respectively," says Chief Executive Sean Smith.
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AIM - LOSERS
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UK Oil & Gas PLC, down 25% at 0.1808p, 12-month range 0.1p-0.48p. Raises GBP5.0 million to fund its remaining share of the Turkey Basur-3 appraisal well's drilling, completion and testing costs and planned 2D seismic acquisition costs. Places 2.76 billion new shares at price of 0.18p per share, a 22% discount to Thursday's closing price.
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Westmount Energy Ltd, down 20% at 9.38p, 12-month range 7.5p-23.01p. The oil and gas investing company focussed on the Guyana-Suriname Basin says Jabillo-1 well did not encounter commercial hydrocarbons. The focus of the ExxonMobil-operated Canje drilling campaign now switches to the Sapote-1 well, which is located more than 100 kilometres to the south east, it says. Westmount holds an indirect interest in the Canje Block as a result of its 7.2% interest in JHI Associates Inc. Eco Atlantic Oil & Gas Ltd, which holds a 6.4% stake in JHI with an option to increase this to 10%, also notes the news. Eco Atlantic shares down 12%.
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By Lucy Heming; lucyheming@alliancenews.com
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