(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.
----------
AIM - WINNERS
----------
Star Phoenix PLC, multiplied at 2.12 pence, 12-month range 0.3p-2.2p. Shares in the oil and gas company focused on Trinidad and Indonesia surge as it is restored to trading on AIM. This follows the publishing of its delayed annual results for its year to June, which it released on Tuesday. Its shares had been suspended since January. In its financial year, pretax loss narrows to USD1.2 million from USD1.9 million from a year earlier. Posts no revenue, unchanged from a year earlier.
----------
Conroy Gold & Natural Resources PLC, up 18% at 20.1p, 12-month range 12.5p-41.95p. The gold exploration and development company focused on Ireland and Finland discovers new area of gold at Longford-Down Massif in Ireland. Quartz breccia samples returned assay results of up to 123.0 grammes per tonne gold, Conrad says, with visible gold seen in two locations within the new discovery area. Chair Richard Conroy says the discovery is "potentially a transformational event" for gold exploration and development in the district.
----------
AIM - LOSERS
----------
Synergia Energy Ltd, down 21% at 0.12p, 12-month range 0.06p-0.32p. The developer of natural gas assets enters into a convertible loan facility of GBP650,000. The loan matures next February and has a 5% interest rate.
----------
Transense Technologies PLC, 4.9% at 87p, 12-month range 47p-97p. Shares in the developer of specialist sensor systems for vehicles fall, despite fairly positive interim results. Revenue rises 37% year-on-year to GBP1.64 million in the six months to December, as pretax profit triples to GBP260,000. Annual iTrack royalty run rate growth falls to 15% from 122% a year before. "There are indications that the iTrack royalty pipeline should return to higher growth in calendar 2023," Chair Nigel Rogers says.
----------
By Elizabeth Winter, Alliance News senior markets reporter
Comments and questions to newsroom@alliancenews.com
Copyright 2023 Alliance News Ltd. All Rights Reserved.