(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.
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AIM - WINNERS
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Ironveld PLC, up 38% at 0.844 pence, 12-month range 0.32p-1.28p. The exploration and development company unveils proposed new major investment by Grosvenor Resources Pty Ltd worth GBP5.6 million. Grosvenor will invest in compant via subscription for 561.5 million new shares at price of 1.0p each. "Grosvenor is a new South African private company formed by young black entrepreneurs who wish to expand their investments and mining operations in South Africa beyond the bulk commodities space and develop high-value vertically integrated projects," it says. Says the investment is an exciting opportunity to bring on board a "credible and serious partner".
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Starcom, up 27% at 1.17p, 12-month range 0.7p-1.24p. Says it is in advanced talks for a number of potentially substantial projects concerning the supply of Starcom's various devices for the tracking and monitoring of containers and related items. "Should these be successfully concluded they could provide significant revenues over the next few years, including SaaS revenues," it says. Warns there is no certainty deals will be concluded, but is hopeful in agreeing one or more contracts before year's end.
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Zytronic PLC, up 12% at 185p, 12-month range 105p-190p. The sensors manufacturer reports "considerable turnaround" and return to probability in second half of financial year. Highlights improvement in sales and gross margins, and strong cash generation. Expects to post earnings before interest, tax, depreciation and amortisation of around GBP1.5 million for financial year ended September 30.
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AIM - LOSERS
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Smartspace Software PLC, down 18% at 78p, 12-month range 67.8p-186.4p. Warns on full-year outturn after experiencing "global uncertainty" over a return to offices. Had expected sales of Evoko Naso to accelerated in the autumn, but this has not happened so far, as offices in Evoko's key markets not yet fully back to normal working capacity leading to delayed investment decision making. As such, company decides to adopt "more cautious" stance over outlook. Now expects revenue for financial year to January 31 to be not less than GBP5.2 million, and Ebitda losses capped at GBP2.7 million. For the 2021 financial year, it posted revenue of GBP4.6 million and adjusted Ebitda loss of GBP2.1 million.
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Hummingbird Resources PLC, down 16% at 17.47p, 12-month range 15p-39.5p. The West Africa-focused company expects annual production to be at the lower end of guidance after the gold producer suffered from a lack of mining contractor excavator equipment in its third quarter. Gold poured falls 11% annually in the third quarter to 22,102 ounces. Quarter-on-quarter, it was 9.8% lower. It now forecasts annual production at the lower end of its 100,000 to 110,000 ounces range.
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By Lucy Heming;Â lucyheming@alliancenews.com
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Hummingbird (HUM)
Zytronic (ZYT)
Ironveld (IRON)
Star Energy (STAR)
Smartspace (SMRT)