(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.
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AIM - WINNERS
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Getech, up 46% at 19.90 pence, 12-month range 8p-22.5p. The geoscience and geospatial products firm said it has signed an exclusive strategic partnership with H2 Green to establish a network of large-scale hydrogen generation, storage and refuelling hubs to support public and commercial transport fleets. As part of this partnership, Getech has negotiated an exclusive option to purchase H2 Green from Luke Johnson and Ian Spencer, the existing owners of H2 Green, for up to GBP1 million. Further, Getech noted the signature of a memorandum of understanding between H2 Green and SGN Commercial Services, part of the SGN Group, one of the UK's largest gas network operators.
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Yu Group, up 40% at 168.40p, 12-month range 48.1p-169.78p. The supplier of gas, electricity and water to the UK business sector reported a strong trading performance in the second half of 2020, with Yu expecting to exceed revenue, cash and profit market expectations. "Additionally, the board's expectations for full year ending 31 December 2021 are now ahead of previous levels," said Chief Executive Bobby Kalar.
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Jersey Oil & Gas, up 29% at 151.80p, 12-month range 45.05p-170p. The North Sea-focused upstream oil & gas company reported a "significant increase" in 2C contingent resource estimate for the Buchan oil field, within the Greater Buchan Area. "I am delighted with the results of dynamic modelling which result in an increase in the estimated contingent resource volumes of light sweet crude in the proven, conventional reservoir at Buchan by over 50%," said Chief Executive Andrew Benitz.
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AIM - LOSERS
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Velocity Composites, down 16% at 17.21p, 12-month range 12p-44.96p. The supplier of advanced composite material kits said revenue for the financial year to October 31 was GBP13.6 million, down from GBP24.3 million the year before and hit by "industry-wide effects of Covid-19". Velocity posted a pretax loss of GBP3.2 million, wider than GBP652,000 registered the year before.
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Itaconix, down 16% at 5.23p, 12-month range 0.26p-8.17p. The polymer maker said 2020 revenue and earnings before interest, taxes, depreciation and amortisation were "slightly ahead" of current market expectations. Even with Tuesday's fall, the stock is still a sharp 89% higher since the start of 2021 and is up fourfold over the past 12 months.
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Real Good Food, down 15% at 3.6p, 12-month range 1.8p-7.5p. The food producer said revenue for the financial year to September 30 fell 26% to GBP23.9 million, hit by lockdowns and virus restrictions. Real Good Food's loss widened to GBP4.0 million from GBP2.5 million. "Covid-19 will have an impact on the whole of FY21, however in the Q3, revenues were in-line with the prior year, marginally ahead of the board's revised expectation. With further restrictions announced for January 2021, revenues for the year are expected to be in-line with the board's modest expectations," the company said.
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By Lucy Heming;Â lucyheming@alliancenews.com
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