(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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Clear Leisure, up 31% at 1.64 pence, 12-month range 0.11p-1.80p. The technology sector-focused investor racked up more gains on Friday. On Thursday, the stock jumped 81% after it raised GBP680,000 of extra cash through a placing of 113.3 million shares at 0.60p each.
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Bezant Resources, up 12% at 0.26 pence, 12-month range 0.045p-0.55p. The copper and gold firm announces it has completed the acquisition of Metrock Resources, a manganese explorer with assets in Botswana. The deal was completed through the issue of 150 million Bezant shares at a price of 0.27 pence each, worth GBP405,000. Bezant has also issued 84.6 million shares to buy loans owed by Metrock of GBP198,213 and to settle other creditors owed GBP30,200.
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FRP Advisory, up 5.3% at 105.80 pence, 12-month range 70.00p-135.00p. The UK professional services firm says its revenue and earnings will top market expectations for the year ending April 30. FRP forecasts revenue of at least GBP75 million and adjusted earnings before interest, tax, depreciation and amortisation of at least GBP21 million.
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AIM - LOSERS
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Red Rock Resources, down 9.2% at 1.14p, 12-month range 0.113p-1.350p. The Kenya and Australia-focused gold explorer said it has raised GBP1 million through a placing of 95.2 million shares at 1.05 pence each. The placing price represents a 16% discount to its 1.25p closing price on Thursday.
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FastForward Innovations, down 6.1% at 10.00p, 12-month range 4.55p-12.89p. FastForward says it has invested AUD1 million, about GBP560,000, in Little Green Pharma, a medicinal cannabis firm. The technology and life sciences investor has given back some of its hefty gains from earlier this week. It was up 18% for the week at Thursday's close.
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By Eric Cunha; ericcunha@alliancenews.com
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Bezant Res (BZT)
Red Rock Resources (RRR)
Frp Advisory Group (FRP)