(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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Capital Metals PLC, up 4,8% at 1.1 pence, 12-month range 0.9p-5.79p. In what it terms an "extremely challenging year", the Sri Lanka-focused mineral sands mining company says its pretax loss in the 12 months months to March 31 narrows to USD1.1 million from USD1.9 million a year prior. The company generates no revenue, unchanged from a year ago. Looking ahead, the company says it is confident that licences in Sri Lanka, which have been suspended since December 2022 due to an ongoing investigation there, will be reinstated but that there can be no guarantee.
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LoopUp Group PLC, up 4.9% at 3.2 pence, 12-month range 1.6p-8p. The cloud platform company continues to climb after Thursday's interim results showed revenue of GBP12.2 million in the first half of 2023, almost doubling from GBP6.6 million. Loss before tax narrowed substantially to GBP1.6 million from GBP7.1 million. It expects to "broadly" meet market expectations for the full year. It has risen 49% this week.
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AIM - LOSERS
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Cambria Africa PLC, down 24% at 0.22p, 12-month range 0.22p-0.44p. The Zimbabwe-focused investment company's shares hit an all-time low as they resume trading after being suspended in February. Late Thursday, the firm released its delayed results for financial 2022 and the first half of financial 2023. In the six months to February 28, revenue falls 38% to USD451,000 from USD724,000 a year before, as pretax profit drops to USD139,000 from USD240,000. The company says this weaker performance is due to a decline in revenue and earnings contributions from Tradanet.
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By Elizabeth Winter, Alliance News senior markets reporter
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