(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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Caspian Sunrise PLC, up 34% at 5.90 pence, 12-month range 1.52p-5.90p. Shares hit 12-month high as oil and gas company says it has received 25-year production licence for its South Yelemes structure in Kazakhstan. London-based oil and gas exploration and production company says the licence will allow for its existing wells to be re-opened and the majority of the production from the structure to be sold at international rather than domestic prices.
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Libertine Holdings PLC. Shares climb 50% on first day of trading on AIM. The Sheffield, England-based provider of technology for power generation from renewable fuels raises GBP9.0 million in its initial public offering. It sold 45.0 million new shares at 20 pence each, giving it a GBP27.6 million market capitalisation based on the IPO price. The stock is trading up at 30.00p on Thursday morning in London.
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CT Automotive Group PLC. Shares rise 12% on first day of trading on AIM. The Portsmouth, England-based maker of custom interiors for cars placed 22.9 million new shares at an initial public offering price of 147.00 pence each with institutional investors, raising GBP33.6 million. It had a market capitalisation of GBP75 million on admission based on IPO price. The stock is trading up at 165.00p on Thursday morning in London.
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Plexus Holdings PLC, up 11% at 8.30p, 12-month range 6.66p-20.19p. The engineering services provider wins a purchase order for a POS-GRIP surface production wellhead system for an unnamed North Sea operator. Plexus will receive milestone payment for the order following the date of the signing of the purchase order through to completion. The duration of the contract is expected to be 120 days with most of the revenue to be booked during the current year.
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AIM - LOSERS
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Strategic Minerals PLC, down 14% at 0.30p, 12-month range 0.20p-0.70p. Shares hit 12-month low as exploration and production company says negotiations on the provision of USD10 million loan facility to support the Leigh Creek copper mine in Australia had ended. Says is now seeking the USD10 million by either a convertible note or equity investment and plans to use funding for resumption of production and USD4 million for copper oxide and sulphide exploration.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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