(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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Invinity Energy Systems PLC, up 30% at 159.85 pence, 12-month range 36p-245p. Subsidiary Invinity Energy Nexus Ltd enters joint development & commercialisation agreement with Gamesa Electric SAU, a subsidiary of Siemens Gamesa Renewable Energy. The two will jointly develop a grid-scale vanadium flow battery based on Invinity technology and incorporating Gamesa's advanced power conversion systems, and will manufacture and commercialise the battery. Gamesa agrees to fund USD4.6 million of Invinity's activities within the joint development program, payable as development milestones are met, and Gamesa granted option for just under 10% of Invinity's share capital at GBP1.75 per share.
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Revolution Bars, up 14% at 36.47p, 12-month range 8p-37p. Hits this 12-month high earlier on Tuesday. The bar operator says performance for year ending June 30 to be ahead of previous management expectations. Says trading has been strong since the reopening of outdoor bars and welcomes confirmation that indoor trading to resume on May 17. "Following the customer reaction we have seen over the last four weeks, the board is confident that significant further pent up demand exists and therefore further strong trading is anticipated in the months to come as restrictions fall away and we fully open up the estate," it says.
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Rotala PLC, up 7.7% at 35p, 12-month range 18p-39.22p. Rotala Executive Director Robert Dunn on Monday buys 75,000 shares for 32.00p each, worth GBP24,000. He is now interested in 3.3% stake. On Thursday last week, Rotala reports swing to loss for 2020 financial year after pandemic disrupted strong start to year.
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Joules Group PLC, up 5.0% at 271.95p, 12-month range 85p-282p. Hits this 12-month higher earlier on Tuesday. The lifestyle brand expects revenue and pretax profit for 2021 financial year to be ahead of current consensus forecasts. Retailer says it has continued to trade well since its interim results in January, driven by strong sales on its digital platform, an encouraging initial contribution from Garden Trading Co Ltd, and from stores since their reopening in mid-April.
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By Lucy Heming;Â lucyheming@alliancenews.com
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Rev Bars (RBG)
Invinity Energy (IES)