(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.
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AIM - WINNERS
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Uru Metals Ltd, up 20% 505.00 pence, 12-month range 180p-547p. The exploration and development firm says Blue Rhino Capital Corp has completed the acquisition of Uru subsidiary Zebediela Nickel Co (Pty) Ltd. Blue Rhino has changed its name to ZEB Nickel, and Uru now holds 41.0 million shares in the firm, subject to escrow provisions. "The transaction with Zeb Nickel provides much needed capital for the continued development of the Zebediela project. Uru remains committed to the Zebediela project, which the board believes can become a globally significant nickel deposit," says Uru Chief Executive John Zorbas.
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Aeorema Communications PLC, up 17% at 33.4p, 12-month range 17p-36.76p. The live events agency says outlook for start of its new financial is "very strong", with half-year revenue anticipated to be "greater than any previous interim period on record". Adds it has a very strong pipeline looking forward, and opportunities are strong in virtual, hybrid, and physical events.
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AIM - LOSERS
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Tintra PLC, down 11% at 37.00p, 12-month range 28p-95p. St James House PLC's name change to Tintra becomes effective on Tuesday.
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Joules Group PLC, down 4.8% at 257.00p, 12-month range 85p-310p. Revenue for year ended May 30 rises 4.3% to GBP199.0 million and swings to pretax profit of GBP2.0 million from loss of GBP24.8 million the year before. Says Retail channel continues to performer well, while Wholesales revenue, as anticipated, is below pre-pandemic levels but should improve over the course of the next 12-18 months.
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By Lucy Heming;Â lucyheming@alliancenews.com
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Aeorema Comm. (AEO)
Uru Metals (URU)