(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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Pantheon Resources PLC, up 30% at 106.50 pence, 12-month range 18.00p-109.80p. The oil and gas company says it has completed testing operations at the Lower Basin Floor Fan at Talitha A in Alaska. Pantheon says three intervals were individually stimulated and flow tested, producing high quality 35 to 39 degree American Petroleum Institute gravity oil. Pantheon explains the testing intervals averaged 73 barrels of oil per day over a three day test period. On the final day of testing, the well was flowing at a sustained rate of around 40 barrels of oil per day.
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Filta Group Holdings PLC, up 7.6% at 141.00p, 12-month range 96.00p-186.00p. The cooking oil filtration and fryer management services company reported significant revenue growth in 2021.Revenue rose 44% to GBP23.6 million from GBP16.4 million in 2020. Filta said the performance was led by a strong and early recovery in North America, where sales grew 82% to a record of GBP14.2 million from GBP7.8 million. Trading in the new year has continued to be positive, Filta says, with January revenue up 62% over the same period the previous year.
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AIM - LOSERS
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Prospex Energy PLC, down 10% at 3.81p, 12-month range 1.30p-6.50p. The gas and power project investor raises GBP2.4 million via a placing of 68.4 million shares at 3.5p each. Placing price is 17% discount to Friday's closing price of 4.25p. Prospex Energy will use proceeds to double gas holding in Italy's Selva Field.
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Vela Technologies PLC, down 6.6% at 0.036p, 12-month range 0.032p-7.51p. The investment firm says its fair investment portfolio value rose in its financial third-quarter due to a new investment - in the AIM listing of Skillcast - but Vela had a reduced cash balance at quarter-end. It reported a fair investment portfolio value of GBP4.93 million as at December 31. This represented a 3.4% increase from GBP4.76 million on September 30. Vela's cash balance as at December 31 was reduced to 12% to GBP2.2 million from GBP2.5 million as at September 30.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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