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AIM WINNERS & LOSERS: Pantheon falls after Alaska drilling results

Mon, 19th Apr 2021 11:32

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.



AIM - WINNERS



Advance Energy PLC, nine times higher at 2.4 pence, 12-month range 0.1p-2.57p. Completes acquisition of an interest in the Buffalo PSC, offshore Timor-Leste. Advance Energy raises GBP21.8 million via 840.1 million share placing at 2.6p per share.



Genedrive PLC, up 74.5p, 12-month range 38.33p-302.60p. The molecular diagnostics firm says it has been successful with its tender into Public Health England under Lot 1 of the National Microbiology Framework. Genedrive says award of a framework contract is not exclusive to the company, nor a guarantee of orders, but it does allow participating authorities to issue call-off orders for products in the future.



D4T4 Solutions PLC, up 9.6% at 350p, 12-month range 160.75p-350p. Following strong second half to the financial year, revenue and adjusted pretax profit expected to be GBP22.8 million and GBP4.2 million respectively, both ahead of the board's prior expectations. "This is a very pleasing result and bears out the confidence we placed in the strength of the pipeline of business opportunities carried into the second half of the year," the data management platform says.



AIM - LOSERS



Pantheon Resources PLC, down 46% at 21.5p, 12-month range 12.35p-48.58p. The oil and gas exploration company says operations at Talitha A well on the Alaska North Slope concluded and suspended for future testing operations. Pantheon Resources says Kuparuk section of well proved more geologically complex than expected. Says it now intends to recommence its farmout strategy to attract a suitable partner to best exploit the Kuparuk across Pantheon's acreage. "Today's news is a tale of two stories. We are of course disappointed not to deliver the high tested flow rates we were hoping for from the Kuparuk. We will continue our analysis of this complex zone as we believe it still offers great potential for our company," says Chief Executive Officer Jay Cheatham.



Purplebricks Group PLC, down 4.0% at 105.60p, 12-month range 31.11p-112.77p. UBS double downgrades online estate agent to Sell from Buy.



By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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