AIM WINNERS & LOSERS: Katoro Gold shines; Shoe Zone on front foot

Tue, 11th Jan 2022 11:13

(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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Katoro Gold PLC, up 21% at 0.67 pence, 12-month range 0.50p-2.70p. The gold explorer, alongside Power Metal Resources PLC, in separate statements, note that diamond drilling programme has commenced at their Haneti nickel project in Tanzania. The planned 1,000 metre drill programme consists of three deep diamond core targeting magmatic sulphide hosted nickel, copper and platinum group metals. Katoro says it is expected that mobilisation will be completed around January 17 and drilling to commence around January 20. Shares in Power Metal are up 1.4% at 1.65p.

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Shoe Zone PLC, up 21% at 141.90p, 12-month range 49.00p-145.00p. Shares hit 12-month high as footwear retailer swings to a full-year profit, despite stores only trading for 36 weeks. For the year ended October 2, the Leicester-based firm posts pretax profit of GBP9.5 million, swinging sharply from a loss of GBP14.6 million in financial 2020. Shoe Zone says decision to invest in its digital infrastructure and operations led to the growth in online sales over the last 12 months.

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Diaceutics PLC, up 11% at 115.00p, 12-month range 98.00p-152.00p. The testing laboratories company hails DXRX platform as it expects sharp rise in annual sales. For 2021, expects revenue of around GBP13.9 million, up 10% from the previous year and 2% ahead of market expectations. Diaceutics points to DXRX, which it claims is the world's first diagnostic commercialisation platform, for driving growth.

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Vianet Group PLC, up 6.3% at 102.00p, 12-month range 59.00p-119.50p. The retail sales and volume monitoring systems provider announces three-year contract with Italian coffee maker Lavazza. Vianet will provide services to 3,000 units in Lavazza Professional UK's managed estate, while having access to a further 10,000 coffee machines.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com