(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.
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AIM - WINNERS
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Goldstone Resources, up 11% at 12.51 pence, 12-month range 5.9p-15.5p. The gold exploration and development company receives approval from the Minerals Commission in Ghana to start irrigation and leaching of ore placed on the heap leach pad at the Homase mine. The company says it remains on track to achieve the target production of 25,000 ounces of gold for the first eight months of production, with first gold pour expected to occur in the third quarter of 2021.
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Distil, up 7.4% at 2.47p, 12-month range 1.0p-3.25p. The owner of premium drinks brands says unaudited year-on-year revenue for the three months to the end of June increased by 10% and volumes increased by 15%. Growth in volumes ahead of revenue reflect the partial recovery in licensed sales for Blavod Black vodka, mainly through Europe and Duty Free. "We continue to prioritise expanding our geographical footprint through new and existing export markets," notes Executive Chair Don Goulding.
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Science Group, up 5.4% at 421.44p, 12-month range 230p-428.5p. The consulting services provider expects to report revenue in excess of GBP40 million for the six months to the end of June and adjusted operating profit in excess of GBP7 million, an increase of over 40% over a prior year. In addition, the company says Chief Financial Officer Sameet Vohra will be leaving at the end of September. Jon Brett, currently group financial controller, will be appointed as acting group finance director.
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AIM - LOSERS
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ULS Technology, down 11% at 76.67p, 12-month range 50p-104p. The provider of online B2B platforms reports revenue of GBP16.9 million for the financial year to March 31, down from GBP20.7 million posted the year before, reflecting market standstill in the first two months of the period, caused by Covid pandemic, and slower pick up of the first-time buyer market. The company swings to pretax loss of GBP2.4 million form GBP2.1 million profit the year ago.
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Norman Broadbent, down 6.7% at 7.00p, 12-month range 4p-10.98p. The acquisition & advisory services provider says Chief Executive Mike Brennan to step down immediately after five years at helm. Peter Searle, as executive chair, will take over the day to day running of the business until a replacement CEO is found. "After 5 years in post, and as we come out of the pandemic and conditions begin to normalise, this seems a logical time to reflect on what the future holds for me," says Brennan.
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By Evelina Grecenko; evelinagrecenko@alliancenews.com
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Goldstone Resources (GRL)
Science Group (SAG)
Norman Broadb (NBB)
Distil (DIS)