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(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.
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AIM - WINNERS
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Plexus Holdings PLC, up 20% at 17.98 pence, 12-month range 2.26p-31.40p. It has won a deal worth GBP1 million to provide services for multiple plug and abandonment activities in the North Sea. Plexus will provide a customer with wellhead equipment in the "Dutch sector of the North Sea". Work begins in the second quarter of the year and runs for nine months. Work in the plug and abandonment space could pick up, the Plexus CEO said. "The number of wells that must be permanently plugged and abandoned is fast growing, particularly in mature offshore locations such as the North Sea, where the OEUK indicated that decommissioning would account for 25% of oil and gas expenditure in 2023, up from 12% in 2022, and encouragingly I believe this trend will continue. We are therefore delighted that Plexus' reputation is strengthening within this sector, and that our range of customers is broadening," CEO Ben Van Bilderbeek explained.
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Audioboom Group PLC, up 12% at 267.00 pence, 12-month range 130.00p-620.00p. The podcast publisher achieves a "record audience reach" in January. Podcasts on its creator network were downloaded by 38.6 million unique listeners worldwide, it says, a rise of 9% from the fourth-quarter monthly average of 34.4 million.
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AIM - LOSERS
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Xtract Resources PLC, down 7.0% at 0.93p, 12-month range 0.90p-2.40p. The resource development firm, with operations in Australia, Mozambique and Zambia, says the longstop date for the disposal of its stake in the Manica gold project has been extended by a week to February 23. This is to allow for "completion of certain administrative matters". Xtract in January announced an agreement to sell its 23% net profit share interest in the Mozambique asset to partner MMP for USD15 million.
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By Eric Cunha, Alliance News news editor
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