(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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Metal Tiger PLC, up 16% at 14.29 pence, 12-month range 13.50p-29.00p. The natural resources investor notes investee Cobre Ltd announced the first intersection of significant copper mineralisation from its drill programme on Kalahari Metals Ltd's Ngami copper project in Botswana.
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Quadrise Fuels International PLC, up 13% at 1.56p, 12-month range 1.21p-5.00p. The residual oil technology licensor signs new framework agreement for its diesel alternative, with a subsidiary of MSC Mediterranean Shipping Co.
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AIM - LOSERS
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Parsley Box Group PLC, down 29% at 12.40p, 12-month range 12.40p-130.78p. The meal delivery firm reports drop in first-half revenue and order numbers. For six months to June 30, revenue was GBP9.6 million, down sharply from GBP14.0 million last year and order numbers plunged to 212,000, compared to 385,000 last year. As such, it now expects annual revenue of GBP19 million, down from GBP22.5 million previously guided for in June.
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Nichols PLC, down 3.0% at 1,280.00p, 12-month range 1,075.00p-1,590.00p. The soft drinks maker says it is mindful of inflationary pressures as it reported an increase in both revenue and profit. For the six months to 30 June, pretax profit rose to GBP10.1 million from GBP8.6 million, as revenue increased 19% to GBP80.2 million from GBP67.4 million a year prior. The Vimto maker's expectations for the full-year remain unchanged. The board expects adjusted pretax profit for the year to be GBP25.5 million.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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