(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.
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AIM - WINNERS
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Harvest Minerals Ltd, up 27% at 4.00 pence, 12-month range 2.06p-4.80p. The fertiliser producer and operator of the Arapua project in Brazil says it has exceeded its total 2021 sales target of 80,000 tonnes of KP Fertil, better than two months ahead of schedule. Harvest expects momentum to remain strong for the rest of the year and anticipates a robust start to 2022. Sales orders from January to October 16 are 80,701 tonnes, more than double the same period in 2020, and above the annual sales target of 80,000 tonnes.
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AIM - LOSERS
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Europa Metals Ltd, down 33% at 5.76p, 12-month range 5.00p-15.60p. Shares in the Europe-focused metals explorer fall to 12-month low after saying it will raise up to GBP1.5 million via a share placing and a subscription. Europa will issue up to 30 million new shares at 5.00p a share with institutional and other investors. This is a 42% discount to Monday's closing price of 8.60p. Europa will use the proceeds to pursue further projects and acquisition opportunities.
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IG Design Group PLC, down 31% at 303.31p, 12-month range 301.11p-653.00p. Shares in the consumer gift packaging firm hit a 12-month low as it cut its guidance amid logistical disruption within its supply chain during the half year to September 30. IG Design expects full-year operating margins to be 175 basis points to 225 basis points lower on a year before, resulting in lower-than-expected earnings in financial 2022. It also sees cost and supply chain pressures continuing for an as-yet unknown period in financial 2023.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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Harvest Mi (di) (HMI)
Design Group (IGR)
Europa Metals (EUZ)