(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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Getech Group PLC, up 23% at 35.79 pence, 12-month range 10.09p-46.19p. The provider of geoscience data says hydrogen subsidiary, H2 Green, signs collaboration agreement with Shoreham Port. Pact grants H2 Green exclusive rights for the development of all port-based hydrogen, ammonia, and new onshore wind and solar power generation capacity at the Port of Shoreham, West Sussex. "This is an exciting time for Getech shareholders as more businesses, industries and councils look to develop innovative new green hydrogen hubs, which Getech can support in developing," says Chief Executive Jonathan Copus.
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CloudCoCo Group PLC, up 18% at 2.00p, 12-month range 0.93p-2.29p. Wins multi-year contract with a "new customer in the digital transformation services industry which services clients globally". Work worth GBP3 million over a three-year period with further upside potential. Is the largest managed services contract signed by the company since CloudCoCo was formed in April 2018.
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Rambler Metals & Mining PLC, up 16% at 39.30p, 12-month range 16.5p-63p. Reports "steadily improving" production and development results from June through October. Saleable copper production in October 521 tonnes, more than double the 197 tonnes reported for June. "The mine produced these improved results whilst remaining in development mode to deliver multiple stopes by the end of 2021 which underpins our goal of sustainably achieving 1,350 tonnes per day mill feed at an average head grade of 2% copper," says President & Chief Executive Toby Bradbury.
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AIM - LOSERS
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ADM Energy, down 18% at 1.525p, 12-month range 1.5p-6.38p. The natural resources investor raises GBP475,000 via share placing priced at 1.5p each. Funds will be used for general working capital in order to continue strategy of identifying and evaluating high-quality assets in West Africa at "depressed" valuations. "The company is currently assessing several investment opportunities, in line with ADM's growth plans and its established relationships with project debt and off-take lenders, which the board considers may have the potential to add significant value to ADM," it says.
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Gfinity PLC, down 9.9% at 4.19p, 12-month range 3.11p-6.2p. The e-sports and gaming firm reports pretax loss for the year ended June 30 of GBP4.1 million, narrowed from GBP8.2 million the year before. This was driven by 27% climb in revenue to GBP5.7 million from GBP4.5 million. "Looking ahead, we are now in a position to grow and monetise at scale. Despite ongoing uncertainty around Covid-19, macro trends around gaming are attractive, and we remain focused on delivering against our strategy," Chief Executive John Clarke says.
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By Lucy Heming; lucyheming@alliancenews.com
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