(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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Scotgold Resources, up 14% at 15.33 pence, 12-month range 11p-87p. The Scottish gold producer announces interim results for the six months to December 31. Gold concentrate sales rise to AUD9.5 million from AUD6.4 million, as pretax loss widens to AUD9.5 million from AUD5.6 million. Notes its first Scottish gold dore sales, worth GBP25,420, were made to Scottish jewellery companies in December. "The period under review, whilst challenging, has seen progress and important milestones being achieved at our Cononish gold mine, in Tyndrum, Scotland," says Chair Peter Hetherington.
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PetroTal Corp, up 12% at 44.22p, 12-month range 33p-63.5p. The Peru-focused oil and gas company says average production and sales in 2022 are 12,200 and 13,168 barrels of oil per day. This is a rise of 36% and 56% respectively year-on-year, and comes despite "significantly constrained" production in the fourth quarter, due to low river levels and a river blockade. Annual net profit rises to USD188.5 million from USD64.0 million.
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AIM - LOSERS
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Trackwise Designs PLC, down 45% at 0.63p, 12-month range 0.52p-84p. The maker of specialist products using printed circuit technology says it expects annual revenue to slip to GBP7.5 million in 2022 from GBP8.0 million the year before, with pretax loss set to widen to GBP7.7 million from GBP2.0 million. Also updates on the order for flexible printed circuit boards announced back in October. Says it expects a delay to the manufacture and delivery of the parts to the electric vehicle original equipment manufacturer. This is due to the EV OEM undertaking a redesign and validated the parts to meet revised requirements. Consequently, the second GBP4.0 million payment due under the contract will not be received in April as expected. Trackwise expects the contract to have an "amended payment profile", but if this is not resolved in the coming months, its cash runway will only extend to the end of May.
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Infrastructure India PLC, down 33% at 0.2p, 12-month range 0.2p-0.9p. The Indian asset-focused closed-ended investment company says it agreed to an extension of the maturity date on its term loan with IIP Bridge Facility. The loan is a four-year facility entered into by the firm's Mauritian subsidiary, carrying a 15% interest rare per annum. The maturity date of April 1 is now extended to May 1.
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By Elizabeth Winter, Alliance News senior markets reporter
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