(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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Tricorn Group PLC, up 25% at 5.00 pence, 12-month range 3.16p-9.00p. Shares regain ground after the Worcestershire-based tube parts manufacturer fell 20% on Wednesday. It had cautioned it may soon need to operate outside of its lending facilities as cost pressures ramp up.
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Sound Energy PLC, up 58% at 2.25 pence, 12-month range 1.11p-3.70p. The Moroccan-focused upstream gas company says it has entered into a 10-year liquefied natural gas sale and purchase pact with Afriquia Gaz. Agreement covers no fewer than 100 million cubic metres of gas per year. Afriquia also subscribes for GBP2 million worth of Sound Energy shares.
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Europa Oil & Gas Holdings PLC, up 12% at 1.34 pence, 12-month range 0.80p-2.00p. The UK, Ireland and Morocco focused oil and gas company says proppant squeeze work at the Ashover Grit reservoir of the Wressle-1 well completed "successfully". Europa Oil plans to update again once the North Lincolnshire well is brought into production.
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AIM - LOSERS
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Salt Lake Potash Ltd, down 53% at 7.89p, 12-month range 7.60p-34.49p. The Western Australia-focused organic sulphate of potash miner says it will need "further funding" before 2021 to continue work at its Lake Way asset in Australia. For 2022, the forecasted output at the asset reduces to between 85,000 and 105,000 tonnes.
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By Eric Cunha; ericcunha@alliancenews.com
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Sound Energy (SOU)
Europa Oil & Gas (EOG)