(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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Zanaga Iron Ore Co Ltd, up 18% at 4.38 pence, 12-month range 3.71p-10.95p. The exploration and development company posts narrowed loss in the first half of 2021 while it continues development if its projects. Pretax loss narrows to USD733,000 in the six months to the end of June from USD780,000 posted a year prior, as administrative costs are reduced to USD380,000 from USD493,000 a year prior. Zanaga's iron ore project is located in the Republic of Congo. During the half year, the company completed an update to the cost estimates associated with stage one development.
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Pelatro PLC, up 11% at 41.00p, 12-month range 32.00p-63.00p. The marketing software specialist swings to profit in first half. Pelatro posts revenue for the six months ended June 30 of USD3.5 million, up 51% from USD2.3 million a year before, and a pretax profit of USD313,000, compared to a USD403,000 loss a year previously. Pelatro says it expects to win more new customers in the year and secure recurring revenue contracts that will lead to "attractive growth in 2022".
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Crimson Tide PLC, up 7.1% at 3.26p, 12-month range 2.70p-4.30p. The mobile software firm reports growing revenue and profit as it continues to develop its mpro5 business. In the six months that ended June 30, revenue rises 14% to GBP2.0 million from GBP1.8 million a year prior. Pretax profit jumps 11% year-on-year to GBP286,000 from GBP257,000. The Tunbridge Wells, Kent-based company says its mpro5 product performed well in the first half, proving the strength of its long-term subscription model.
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AIM - LOSERS
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NAHL Group PLC, down 20% at 45.06p, 12-month range 39.03p-62.00p. The insurance claims management company downgrades its forecasts for 2021, as personal injury enquiries are growing slower than expected. In results for the first half of 2021, NAHL posts revenue of GBP19.5 million, down 3.6% year-on-year from GBP20.2 million. But the firm swings to a pretax profit of GBP581,000, from a loss of GBP409,000. Says in the second half, personal injury enquiries have grown at a slower rate than expected. This will result in revenue and underlying operating profit being lower than previously expected, as well as lower than last year's figures, it says.
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Osirium Technologies PLC, down 20% at 20.06p, 12-month range 16.00p-34.00p. The cybersecurity services provider's shares fall despite posting a slightly narrowed loss in the first half of 2021. Revenue increases 4.8% year-on-year to GBP736,711 from GBP702,649. Pretax loss narrows to GBP1.6 million from GBP1.7 million. Trading momentum continues in the second half, with new customer wins and high customer retention levels, it adds.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
Copyright 2021 Alliance News Limited. All Rights Reserved.
Osirium Tech (OSI)
Nahl Group (NAH)
Crimson Tide (TIDE)
Zanaga Iron (ZIOC)