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AIM WINNERS & LOSERS: Egdon's fracking boost; boohoo shares slide

Fri, 23rd Sep 2022 11:21

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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AIM - WINNERS

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Egdon Resources PLC, up 5.5% at 7.65 pence, 12-month range 1.20p-9.70p. Shares jump on the back of the UK government lifting the ban on fracking. "We look forward to working positively with government to develop the right regulatory environment to realise the potential of indigenous shale gas, which in contrast to a growing reliance on imports, could have a positive impact on the UK's energy security whilst delivering environmental, fiscal and community benefits and thousands of well paid, skilled jobs," Egdon Managing Director Mark Abbott says. IGas Energy PLC, which rose 10% on Thursday after also welcoming the measures, was down 3.4% on Friday.

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AIM - LOSERS

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boohoo Group PLC, down 5.5% at 40.08p, 12-month range 0.39p-42.99p. Shares in the online retailer fall after figures showed UK consumer confidence took another hit. GfK's long-running tracker fell five points in September to minus 49, the worst score since records began in 1974.

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ITM Power PLC, down 6.2% at 100.75p, 12-month range 100.10p-527.50p. Credit Suisse more than halved its price target for the stock to 70p from 230p. It rates the energy storage and clean fuel firm at 'underperform'.

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By Eric Cunha; ericcunha@alliancenews.com