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(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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Thor Mining PLC, up 34% at 0.64 pence, 12-month range 0.45p-1.20p. The metal exploration and developer with projects in US and Australia says several lithium exploration targets have been identified at Ragged Range site located in the Eastern Pilbara. Says new targets will be advanced as soon as possible and have the potential for significant exploration discoveries.
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Alien Metals Ltd, up 32% at 0.83p, 12-month range 0.0056p-0.85p. Shares in exploration company hit 12-month high after finding "exceptionally high" silver grades from initial stage of diamond drilling programme at Elizabeth Hill project in Pilbara, Western Australia. It also finds significant results for base metals from the same intervals, including copper, nickel, cobalt, zinc and lead. The results suggest the mineralised envelope at Elizabeth Hill could be larger than previously thought. The mineralisation begins at the surface, in "highly weathered, soft and easily extractable material".
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AIM - LOSERS
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Challenger Energy Group PLC, down 74% at 0.15p, 12-month range 0.0045p-0.30p. The Isle of Man-based company with assets in the Caribbean and Atlantic Margin raises GBP5.0 million in placing, subscription of 5.02 billion shares at 0.10p. Placing price is 82% discount to closing share price of 0.57p on Wednesday.
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Fevertree Drinks PLC, down 4.9% at 2,243.50p, 12-month range 2,039.00p-2,871.00p. The tonic water maker expects to deliver excellent top line performance for 2021, with strong growth across all our key markets. Expects 2021 revenue of GBP311.1 million, up 23% from GBP252.1 million in 2020. However, says cost pressures in 2022 will be more significant than anticipated, and margins are expected to remain broadly flat in 2022, resulting in Ebitda range of between GBP69 million and GBP72 million.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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