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(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.
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AIM - WINNERS
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System1 Group, up 28% at 244.40 pence, 12-month range 85.00p-244.40p. Shares in London-based 'advertising effectiveness' agency hit fresh 12-month high. Says profitability was stronger in second half than in first half as sales picked up faster than adjusted operating costs which were 16% lower than last year in the second half. Expects to report a adjusted pretax profit of around GBP2.9 million for financial 2021, up from GBP2.0 million in financial 2020.
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Mirriad Advertising PLC, up 8.8% at 64.2p, 12-month range 8.7p-65p. The in-content advertising company says it qualifies to trade on OTCQX Best Market in US, alongside brands such as Roche, adidas and Heineken.
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Anglo Asian Mining PLC, up 7.2p, 12-month range 102.01p-181.8p. The miner says it has obtained ratification for the first of the two permitted five-year extensions of the Production Sharing Agreement for its Gedabek contract area. The company is also currently in negotiations with the Government of Azerbaijan to obtain an extension of the territory of its existing contract areas and for new contract areas in Azerbaijan.
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AIM - LOSERS
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Savannah Resources PLC, down 20% at 4.02p, 12-month range 1.52p-5.97p. The mineral resource development company raises GBP10.3 million through 258 million share placing at 4p per share. Says net proceeds will mainly go towards progressing its flagship Mina do Barroso project in Portugal.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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