(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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IG Design Group PLC, up 23% at 61.13 pence, 12-month range 46.60p-586.00p. The consumer gift packaging company has extended the term of its existing banking agreement to March 2024. IG Design says revolving credit facilities reduced to USD182 million total, but this leaves "more than sufficient headroom" to fund its activities.
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AIM - LOSERS
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Clontarf Energy PLC, down 72% at 0.10p, 12-month range 0.061p-0.80p. The oil and gas explorer says the Sasanof-1 exploration well, located northwest of Onslow in Western Australia was drilled to 2,390 metres without incident. However, no commercial hydrocarbons were intersected, and the well will now be plugged and permanently abandoned, it says.
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eve Sleep PLC, down 22% at 1.27p, 12-month range 1.20p-5.40p. Shares in mattress retailer hit 12-month low as it warns it will miss revenue targets for this year. Further, eve Sleep says it needs new funding to push it into the "wider sleep wellness space". The board says that it is now in its "best interest" to explore all strategic and financing options, and therefore has launched a formal sale process.
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ADVFN PLC, down 21% at 60.00p, 12-month range 48.00p-94.99p. The financial information website operator says that in the second half of the year ending June 30, sales to date have been "disappointing". For the period so far, ADVFN said there has been a small operational loss, but in the whole financial year to date it has still generated an operational profit. However, it warns its pretax loss for the period will be "significant". As such, the board has decided to suspend dividend payouts, including any potential final dividend for the current financial year.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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