(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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Crimson Tide PLC, up 12% at 2.52 pence, 12-month range 2.10p-4.20p. The mobile software firm wins a GBP400,000 contract with an unnamed contract catering company, which will be using company's mpro5 product to digitise its daily logbooks. Crimson Tide also announces partnership with IT group Cisco Meraki.
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Nanosynth Group PLC, up 10% at 0.85p, 12-month range 0.55p-3.50p. The digital monitoring and safeguarding systems manufacturer says joint venture partner Volz Holdings to convert their production line to provide the capability for Nanosynth's alphaviron layer to be included across Volz's product range. This is expected to save considerable cash expenditure, it explains.
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AIM - LOSERS
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88 Energy Ltd, down 14% at 2.31p, 12-month range 0.45p-2.75p. The Australia-based oil exploration company intends to raise up to AUD30 million, or GBP15.8 million, in share placing of AUD0.035 per share or 1.8p each. Placing price is 33% discount to closing share price of 2.70p in London on Wednesday.
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Active Energy Group PLC, down 3.3% at 0.17p, 12-month range 0.15p-1.40p. The renewable energy business receives "notice of intent to sue" from Southern Environmental Law Center alleging that the company is discharging wastewater without the required permits from its Lumberton property in North Carolina. Active Energy denies SELC allegations it is discharging wastewater without permits and says will continue to take robust legal action in response and in defence.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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88 Energy (88E)
Crimson Tide (TIDE)
Active Energy (AEG)