(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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URU Metals Ltd, up 28% at 218.00 pence, 12-month range 141.8p-589p. Says Zeb Nickel Corp receives final approval to bring trading on OTCQB market. "Trading on the OTCQB Market is a positive step forward for both the Zeb Nickel Corp and its shareholders, allowing Zeb Nickel Corp to now have access to the United States investment community, through its new US listing on the OTCQB," says URU. URU has just shy of 75% stake in Zeb.
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Egdon Resources PLC, up 18% at 1.827p, 12-month range 1.20p-2.59p. Says analysis shows "significant potential" of Wressle-1 well and the production rates that could be achieved once the surface facilities are optimised and a gas utilisation scheme is in place. Egdon holds a 30% interest and is operator of the field. ERCE, an independent energy consultancy, estimates that a rate of 1,216 barrels of oil per day would be achievable.
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PCI-PAL PLC, up 14% at 66.00p, 12-month range 55p-121.50p. The call centre software provider reports "excellent" first half of year, with all its key metrics either at or ahead of internal expectations. As such, now expects full-year revenue and pretax loss will be better than market forecasts. Half-year revenue up 72% on a year ago to GBP5.4 million.
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AIM - LOSERS
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Advance Energy PLC, down 81% at 0.924p, 12-month range 0.77p-5.7p. Says that operator of Buffalo-10 well, Carnarvon Petroleum Timor Lda, advises that observations from logging while drilling tools have identified that the primary reservoir has been intersected, with indications of hydrocarbons as anticipated in the Elang. Says interpretation shows an approximate 12 metre gross oil column was encountered. It cautions: "The information to date indicates that the seismic processing techniques employed on this project have not resolved the underlying seismic velocities or imaging resolution issues that are present in this field."
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Best of the Best PLC, down 28% at 434.00p, 12-month range 400p-3,600p. Revenue for half-year to end of October GBP19.1 million, falling from GBP22.1 million year-on-year. Pretax profit more than halves to GBP3.0 million from GBP6.8 million. "We recognise that there is potential volatility ahead, which is evident in our cautious short term outlook, but look to the medium and long term with confidence as we push towards a return to steady growth," the online competitions provider says.
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Eve Sleep PLC, down 21% at 2.79p, 12-month range 2.4p-9.5p. The direct to consumer sleep brand reports 2021 revenue of GBP26.6 million, up 6% on a year ago and 11% higher than 2019. Looking ahead, notes pressure on household discretionary income amid cost of living crisis but says 2022 trading has started well.
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By Lucy Heming;Â lucyheming@alliancenews.com
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