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AIM WINNERS & LOSERS: Blockchain and podcasts prosper in 2021

Fri, 31st Dec 2021 10:55

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London in 2021.

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AIM - WINNERS

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Quantum Blockchain Technologies PLC, last traded at 2.99 pence; up sharply after ending 2020 at 0.265p. Clear Leisure changed its name to Quantum Blockchain Technologies in May after raising funds to focus on a new investment strategy focused on blockchain, cryptocurrency and quantum computing - a strategy shift which seems to have been cheered on by shareholders as over 2020, Clear Leisure shares slipped 12%. It's been a mixed year for the crypto space, though the price of Bitcoin still remains higher at the end of 2021 than it was at the start.

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Zephyr Energy PLC, last traded at 6.80p; up sharply after ending 2020 at 0.875p. The exploration and production company, focused on oil and gas projects in the Rocky Mountain region of the US, has had a strong year amid a steady stream of good news. It earlier in December said that after a "highly successful" well test at the 16-2LN-CC well at its Paradox Basin project in Utah, there is the potential to drain a larger hydrocarbon resource and with stronger economics than initially forecast. More broadly, it's been a good year for the natural resources sector as energy prices saw a recovery from pandemic-induced lows, with Brent oil reaching as high as USD86.68 in 2021.

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Petroneft Resources PLC, last traded at 3.9p; up sharply after ending 2020 at 0.65p. Oil & gas peer Petroneft has also enjoyed a strong 2021. The stock was recently buoyed after last week reporting that licences 67 and 61 now collectively have a proved, probable and possible net attributable reserve of 107.15 million barrels following an audit by Miller & Lents, up 2.8% from 104.21 million barrels, the figure given by the legacy audit from Ryder Scott.

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Audioboom Group PLC, last traded at 1,420.0p; up sharply after ending 2020 at 262.5p. The London-based podcast producer has raised its outlook multiple times in 2021 as momentum continued to build. Most recently, Audioboom in December said it expects earnings and revenue ahead of current market expectations for 2021, driven by further development of its technology platform and a continued focus on its expansion plan.

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AIM - LOSERS

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Simec Atlantis Energy Ltd, last traded at 1.55p; down sharply after ending 2020 at 21.5p. The tidal and hydro energy producer was hit after in October reporting that the Welsh government will now itself decide on permit variation application for the conversion of the Uskmouth power station and has blocked Natural Resources Wales - which had previously indicated that it was minded to award the variation to the permit - from making a determination. The firm described the "further delay" as a blow and will look at all available legal options.

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Active Energy PLC, last traded at 0.20p; down sharply after ending 2020 at 1.4p. Another renewable energy firm, Active Energy in August temporarily suspended production of renewable fuel pellet CoalSwitch after one of the reactors failed at its Ashland plant. The firm recently raised GBP3 million through a discounted fundraise for engineering, design work, permitting and purchase of equipment for the Ashland biomass fuel facility in Maine.

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ADM Energy PLC, last traded at 0.838p; down sharply after ending 2020 at 5.35p. The natural resources investing company recently received a letter on behalf of shareholders which hold in excess of 5% stake in firm to requisition a general meeting calling for the removal of CEO Osemede Okhomina, COO Richard Carter, Non-Executive Chair Oliver Andrews and Richard Jennings as directors with immediate effect. ADM has become embroiled in a dispute over the Barracuda oil field in Nigeria. "ADM, and its legal advisers, continue to assert that the dispute brought by NHNL is without merit," it said in November.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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