(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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Pipehawk PLC, up 24% at 8.40 pence, 12-month range 4.51p-9.98p. The electronic systems developer says turnover for the six months to June 30 rises to GBP4.1 million from GBP2.6 million in the six months to December 31. "This considerable improvement back to levels encountered before the current pandemic, was as a result of improved trading at QM Systems and Thomson Engineering Design," it says.
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Minds + Machines Group Ltd, up 15% at 8.14p, 12-month range 3.23p-8.40p. The top-level domain registry completes sale of top-level domains and related assets to GoDaddy Inc. Says disposal worth 9.6p per share and will return USD80 million to shareholders. Minds + Machines gets USD113.8 million from asset sale to GoDaddy, plus USD13.3 million in escrow. Minds + Machines says USD80 million return will be via tender offer in early autumn.
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AIM - LOSERS
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Helium One Global Ltd, down 49% at 13.40p, 12-month range 3.80p-29.00p. The exploration and development company says one of the main intervals identified at the Karoo formation, located at Tanzania's Rukwa Project, couldn't be logged and tested further because of deteriorating conditions at the site. Further, petrophysical analysis indicated there was no free gas in the uppermost thinly bedded Karoo sands associated with helium shows, it adds. "Frustratingly, due to poor and deteriorating hole conditions, including large washouts across much of the Karoo, we were not able to run wireline tools downhole beyond 882m and have subsequently not been able to log the main Karoo Formation," Helium One says.
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Tower Resources PLC, down 15% at 0.42p, 12-month range 0.21p-0.68p. The Africa-focused oil and gas company raises GBP1.5 million via placing of 352.9 million shares at placing price of 0.425p each. The placing price is 15% discount to closing share price of 0.50p on Tuesday.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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