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AIM WINNERS & LOSERS: Live Co Falls After Two Board Departures

Mon, 15th Feb 2021 11:10

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

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AIM - WINNERS

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Oilex, doubles to 0.19 pence, 12-month range 0.06p-0.20p. The Australian oil & gas exploration and production company says it is in "advanced discussions" to buy Gujarat State Petroleum Corp's 55% interest in the Cambay oil field in India. Says it also is in advanced discussions with third parties to provide finance and working capital if the acquisition is completed.

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Strategic Minerals, up 9.6% at 0.52p, 12-month range 0.3p-0.8p. Mineral company says its subsidiary Cornwall Resources has been notified that the Deep Digital Cornwall project has been awarded funding by the European Regional Development Fund. Cornwall Resources will receive funding of up to GBP446,063, out of GBP3.3 million, to facilitate the use of its Redmoor exploration licence area as a field laboratory for the project.

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Ebiquity, up 8.1% at 20.70p, 12-month range 17.1p-41p. The marketing and media consultancy says higher revenue in the second half of 2020 resulted in a return to profitability for the full year and points to an "encouraging" start to the new year.

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Bluejay Mining, up 6.2% at 9.77p, 12-month range 2.9p-15.76p. The exploration & development resource company says Export-Import Bank of the US expressed its intention to provide USD208 million in debt funding for the capital requirements of the Dundas ilmenite project, located in north-west Greenland.

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AIM - LOSERS

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Live Co, down 15% at 3.4p, 12-month range 3.4p-20p. The live events firm says Deputy Chair Trudy Norris-Grey and Non-Executive Director Mark Freebairn will step down from the board with immediate effect.

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Primorus Investments, down 10% at 4.05p, 12-month range 1.63p-4.96p. The investment firm says it has shifted its focus to investees Fresho and Engage Technology Partners, two of the company's main investments, as its smaller portfolio holdings "face significant challenges".

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

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Oilex Awards Fracking Contract At Cambay-77H To Schlumberger

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