(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.
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AIM - WINNERS
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Tertiary Minerals PLC, up 13% at 0.2266 pence, 12-month range 0.19p-0.64p. The mineral exploration and development firm says 96%-owned Zambian subsidiary, Luangwa Minerals Ltd, to exercise option with Mwashia Resources Ltd to buy up to 90% joint venture interest in the four additional large exploration licences held by Mwashia. "We have had enough time to consider and examine the prospectivity and strategic value of the additional four licences in the original agreement. We believe our timing is good," says Managing Director Patrick Cullen.
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CyanConnode Holdings PLC, up 9.8% at 27.99p, 12-month range 3.65p-28p. The wireless communication technology provider says during October it reached milestone of shipping 1 million nodes to customers across all of its projects in India.
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AIM - LOSERS
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Naked Wines PLC, down 21% at 530p, 12-month range 487.5p-914p. Lowers full-year sales outlook to range of GBP340 million to GBP355 million, from GBP355 million to GBP375 million previously, on lower than anticipated investment in new customers. Says operating environment has been challenging. "We've faced some specific challenges acquiring new members at the efficiency we would like over the last six months, which will impact our near term growth. We are still investing at 2x the rate we were in 2019 and continue to see a clear path to sustained increases in investment in the years to come, but will need to continue to innovate to do so," the direct-to-consumer wine retailer says.
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Abingdon Health PLC, down 20% at 38.51p, 12-month range 25.5p-136.65p. Anticipates a working capital shortfall could arise if sufficient amounts due from UK Department for Health & Social Care are not collected. "Certain directors have indicated that they would be prepared to advance further funding to the group and the board is investigating options to raise further capital for the group," the developer and manufacturer of rapid tests says.
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By Lucy Heming;Â lucyheming@alliancenews.com
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Tertiary Minerals (TYM)
Cyanconnode (CYAN)
Naked Wine (WINE)
Abingdon Healt. (ABDX)