(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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Armadale Capital PLC, up 17% at 5.34 pence, 12-month range 3.01p-5.77p. The Africa-focused natural resource projects investor confirms receipt of its mining licence for its Mahenge Liandu graphite project in south-east Tanzania from the country's Ministry of Energy & Minerals. The licence provides the company with exclusive development and mining rights over the graphite resources within the 8.5 square kilometre licence, and marks a major derisking milestone for investors.
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Alba Mineral Resources PLC, up 11% at 0.27p, 12-month range 0.12p-0.58p. The Ireland and Greenland-focused exploration company outlines plans to divest Greenlandic mining assets into a separate AIM-quoted vehicle, GreenRoc Mining PLC. Says GreenRoc is to buy Greenlandic mining assets of Alba Mineral Resources. GreenRoc Mining issues 111.2 million shares at 10p each and expects a market capitalisation of GBP11.2 million upon admission in mid-September.
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AIM - LOSERS
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ASOS PLC, down 3.1% at 3,585.00p, 12-month range 3,571.00p-5,994.95p. JPMorgan lowers price target on online fashion retailer to 6,680.00p from 6,800.00p, though retains Overweight rating.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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Armadale Capital (ACP)
Alba Mineral Resources (ALBA)
ASOS (ASC)