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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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Longboat Energy PLC, up 15% at 84.90 pence, 12-month range 64.81p-102.00p. The oil and gas firm reports a discovery by the Egyptian Vulture exploration well in its PL939 license in the Norwegian Sea, the second well in its seven-well exploration programme. Longboat Energy highlights that this discovery could "significantly" increase the resource estimate.
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Oracle Power PLC, up 7.6% at 0.49p, 12-month range 0.30p-0.75p. The natural resources and power project developer says it has received approval to undertake a drill programme at its Jundee East gold project in Western Australia. It has been granted approval for the drilling of five target areas defined at the site by the Department of Mines Industry Resources & Safety.
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AIM - LOSERS
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ECR Minerals PLC, down 12% at 1.67p, 12-month range 1.40p-4.40p. The gold exploration & development company notes progress made on drilling at historic reserve number 4, known as Cherry Tree, which is part of the Bailieston project, located in Victoria State, Australia. Says a total of 1,545 metres of diamond drilling has been undertaken to date at Cherry Tree. Drilling has been completed using the company's owned and operated drill rig, named Midas. The aim of the drilling was to test the structural trends associated with the historic percussion drilling.
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N Brown Group PLC, down 3.9% at 44.13p, 12-month range 43.20p-81.60p. Jefferies downgrades the online clothing, footwear and homeware retailer to Hold from Buy.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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