(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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Cyanconnode Holdings PLC, up 25% at 18.10 pence, 12-month range 3.65p-18.4p. Extends gains after 26% rally on Wednesday, after Hardman & Co Research published report saying it expects revenue to triple over 2021 to 2023, accompanied by a "strong move into profitability" in 2023.
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Driver Group PLC, up 9.6% at 57.00p, 12-month range 40.25p-62.00p. Expects to report full-year underlying pretax profit in line with market forecasts. "During the financial year just ended, Driver Group continued to perform satisfactorily and successfully managed the uncertainty caused by the Covid-19 pandemic to ensure the business has remained profitable and with a stable cash position," says Chief Executive Mark Wheeler. Business adds it has entered new financial year with "renewed positive momentum".
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Deepverge, up 8.9% at 24.50p, 12-month range 19p-40p. Says division Modern Water gets GBP2.2 million of new orders for newly enhanced monitoring equipment with upgraded software which are being shipped to the UK, India and China to meet customer and partner obligations for delivery in this financial year. "The shipments include upgraded Microtox toxicity monitoring, new models of the Microtox PD range for SARS-CoV-2 and other pathogen monitoring as well as Microsaic mass spectrometer equipment to monitor forever chemicals and contaminants of emerging concern," it says.
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AIM - LOSERS
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Tekmar Group PLC, down 14% at 41.31p, 12-month range 35p-83p. Says supply chain issues and cost control pressures have hit recent trading, and it now expects to report revenue of GBP46 million and adjusted loss before interest, tax, depreciation and amortisation in region of GBP1.2 million for the 18 months to September 30. "The board expects the profitability from the size and nature of contract mix to improve in the current financial year to September 2022, albeit the financial impact of continued disruption to global trade remains harder to quantify at this time," it says.
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Bezant Resources PLC, down 13% at 0.139p, 12-month range 0.12p-0.49p. The copper-gold exploration and development company says GBP1.2 million fundraise was oversubscribed. Places 923.1 million shares at price of 0.13p each. Says proceeds to be used for exploration activities, including on its Hope copper-gold project in Namibia and on exploration and drilling programme in Cyprus.
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W Resources PLC, down 8.0% at 7.18p, 12-month range 6.07p-23.9p. The tungsten, tin and gold mining company says third quarter saw best performance to date at La Parrilla mine in Spain, with tungsten production up 58% quarter-on-quarter to 168.3 tonnes, but says production was hit by "number of challenges" which resulted in an estimated production loss of around 40 tonnes of tungsten concentrate. "A number of power outages were caused by technical problems with the LNG generators. This has been resolved by the supplier after isolating the cause of the stoppages," it says.
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By Lucy Heming; lucyheming@alliancenews.com
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