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(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.
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AIM - WINNERS
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Mkango Resources Ltd, up 12% at 28.00 pence, 12-month range 4.78p-35p. The Canadian mineral exploration and development company is to increase ownership of Songwe Hill rare earths project and Maginito to 100% in a GBP13 million share transaction with Talaxis. To issue 54.2 million shares at price of 24p each as consideration. "This transaction brings material benefits to both Mkango and Talaxis and strengthens Mkango's position as a future integrated supplier of rare earths," says Non-Executive Chair Derek Linfield.
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Chaarat Gold Holdings Ltd, up 7.9% at 21.90p, 12-month range 20.2p-42p. Board decides to waive requirement for Labro Investments Ltd to make mandatory offer for firm after acquisition of up to 10.0 million shares. Labro has bought 8.4 million shares under the waiver so far. If it buys the maximum allowed, it will hold a 44% stake in the firm.
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Optibiotix Health PLC, up 7.5% at 50.00p, 12-month range 45p-69p. Says total invoiced sales of LPLDL and SlimBiome as ingredient or final product were GBP1.1 million in the first half of 2021, up 44% on a year ago and ahead of firm's expectations. "The company believes it is in a strong position to meet or exceed its full year sales forecast," it says.
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By Lucy Heming;Â lucyheming@alliancenews.com
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