(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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Powerhouse Energy Group PLC, up 28% at 5.65 pence, 12-month range 5.20p - 6.40p. The technology company commercialising hydrogen production from waste plastic says its development partner Hydrogen Utopia International PLC has signed a framework agreement with Linde PLC's Engineering unit. The framework agreement provides Linde Engineering with a five year exclusivity to supply Hydrogen Utopia in its development of Powerhouse DMG technology particularly in Poland, Hungary and Greece. The Powerhouse DMG process can generate up to 2 tonnes of road-fuel hydrogen and more than 58 megawatt hours of exportable electricity per day. The project, if completed, is expected to contain ten DMG units in one geographical area.
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600 Group PLC, up 15% at 15.00p, 12-month range 7.20p - 17.00p. The industrial engineering company says its three US operations have been granted forgiveness of their second round loans under the US government paycheck protection program which in total amounts to USD2.2 million. Turning to trading, the company says it performs in line with expectations and order intake has continued to improve during the current financial year. The forward order book stands at USD23 million as at November 9, as increase when compared to the same date one year earlier, when order book was USD11 million.
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Northern Bear PLC, up 11% at 58.28p, 12-month range 46.15p - 62.75p. The building services provider says it has traded well in the first half of its current financial year and expects to report operating profit in the range of GBP1.4 million to GBP1.5 million, up from GBP500,000 a year prior. Operating profit for the six months to September 30 would also represent an increase on the pre-Covid comparative of GBP1.4 million. Looking ahead, the company says its forward order book remains strong and should support its trading performance in the coming months.
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AIM - LOSERS
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PetroNeft Resources PLC, down 2.1% at 3.82p, 12-month range 0.50p - 4.70p. The oil & gas exploration and production company says it is extending the campaign in the Tomsk Oblast, Russia, for winter 2021/22 with the goal of increasing production and also improving the sustained flow rate of existing wells over two producing fields in licence 61. During the first quarter of 2021, a two well fracking program was successfully completed on wells S-373 and L-115. Both were highly successful and exceeded expectations . As a result, PetroNeft signs a contract with NewTech Well Services LLC, an oilfield services company, for the provision of a larger fracking program covering an additional five wells.
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By Evelina Grecenko; evelinagrecenko@alliancenews.com
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