(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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K3 Capital PLC, up 12% at 348.75 pence, 12-month range 125.22p-355p. The professional advisory services firm says it made a strong start to the second half and is trading ahead of expectations. For financial year ending May 31, K3 Capital expects revenue to be in region of GBP45 million, which would be up from just GBP15.0 million in financial 2020, and Ebitda to be GBP13.3 million, up from GBP6.8 million.
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Immotion Group PLC, up 7.4% at 5.8p, 12-month range 1.6p-5.8p. The entertainment group's Uvisan division is to supply UV-C disinfection cabinets to Aardman Animations studios.
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Oracle Power PLC, up 7.3% at 0.56p, 12-month range 0.43p-1.24p. The natural resources and power project developer says the first quarter has been a period of increased activity in its jurisdictions and has set the pace for a highly productive 2021. Has made "meaningful progress" with Thar Block VI Project in Pakistan.
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AIM - LOSERS
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W Resources PLC, down 17% at 8.51p, 12-month range 7.66p-27.4p. The tungsten, tin and gold mining company says for three months to March 31 in La Parrilla mine, Spain, tungsten output was down 27% at 63.5 dry metric tonnes from 100.0 tonnes last year and tin production down 13% at 28.9 dry metric tonnes from 33.4 tonnes. Says period was hurt by both the plant improvement shutdown and the unseasonal weather conditions, which prevented access to high grade ore areas.
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Kefi Gold & Copper PLC, down 17% at 1.86 pence, 12-month range 0.6p-2.99p. The gold explorer releases quarterly operational update saying project in Ethiopia remains on track to start production commissioning in the fourth quarter of 2022. Company starts preliminary feasibility study at joint venture-owned Saudi Arabia project, with development potentially starting in 2023.
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Borders & Southern Petroleum PLC, down 7.8% at 1.25p, 12-month range 0.1p-2.9p. The oil and gas company posts narrowed full-year loss, though cautions it may need to raise additional capital in the coming year. The company's pretax loss for 2020 was USD1.0 million, slimming from USD1.4 million in 2019. Borders & Southern says: "With a decreasing cash balance, and in the event that market conditions prevent us from sourcing partner funding, it may be necessary to raise additional capital in the coming year."
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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