(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.
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AIM - WINNERS
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Eurasia Mining PLC, up 31% at 24.30 pence, 12-month range 14.00p-45.00p. The miner says significant developments have been made at West Kytlim mine in the Urals. Notes three washing plants launched to production and several open pit areas being stripped including one at Kluchiki and two at Bolshaya Sosnovka as opposed to one area and one plant in previous years - single asset risk is therefore eliminated at West Kytlim. Adds that definitive feasibility study for the Monchetundra palladium complex is in final stages of development, following completion of geotechnical studies and an audit.
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Kazera Global PLC, up 15% at 1.41p, 12-month range 0.57p-2.39p. The investment company says it has now concluded a plan with DJ Drilling, which it believes will lead to the profitable production of Tantalum from its mine in Namibia before the end of 2021. DJ Drilling has agreed to a fixed price contract, which will see the mine be moved back into operation and producing Tantalum with a target by the year end. DJ Drilling will then be predominantly paid out of profits generated by the sale of Tantalum, it adds.
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AIM - LOSERS
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Nanosynth Group PLC, down 8.3% at 1.15p, 12-month range 0.34p-7.15p. The digital monitoring and safeguarding systems manufacturer appoints Mark Duffin as chief executive officer, effective immediately. With this appointment, Antony Legge will revert to his previous role of non-executive chair, it adds.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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Eurasia Mining (EUA)
Kazera Global (KZG)