(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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Quadrise Fuels International PLC, up 18% at 4.30 pence, 12-month range 1.62p-6.98p. The residual oil technology licensor says tests confirm its ability to produce commercial fuels from heavy sweet oil produced by Greenfield Energy LLC. Says simulations indicated that commercial production of Quadrise's MSAR heavy fuel oil and bioMSAR synthetic biofuel would be possible in Utah for power and marine end-user applications.
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finnCap Group PLC, up 11% at 35.08p, 12-month range 18.00p-49.00p. The corporate broker says its performance in the second quarter of financial 2022 has been strong with significant activity in its equities business and a continuation of a robust M&A performance. It says the overall revenue trend is currently slightly above the top end of full year revenue expectations of GBP40 million to GBP50 million for financial 2022.
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CVS Group PLC, up 4.0% at 2,595.00p, 12-month range 1,130.00p-2,700.00p. Shares in the veterinary services provider hit a fresh 12-month high as it reports a surge in full-year profit and says that its strong performance has continued into new financial year. Revenue for the financial year ended June 30 is up 19% to GBP510.1 million, with like-for-like sales growth of 17% marking a sharp acceleration on the 0.7% rise posted the year prior. The growth in revenue, alongside cost of sales only rising 12%, sees pretax profit rocket to GBP33.1 million from just GBP9.9 million the year before. Adds that the strong performance has continued into the new financial year, with sales growth in the first two months 18% and like-for-like sales up 14%
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AIM - LOSERS
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Rockhopper Exploration PLC, down 35% at 5.49p, 12-month range 4.50p-12.50p. The oil and gas company confirms Harbour Energy PLC's exit from its Sea Lion project, offshore the Falkland Islands. The company says it plans to pursue the development of Sea Lion, despite Harbour's disposal of its 60% operated interest. Rockhopper is also talks with Navitas Petroleum LP to discuss its possible entry to the project. FTSE 250-listed Harbour Energy shares are down 3.7%.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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