(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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Westmount Energy Ltd, up 16% at 13.45 pence, 12-month range 11p-23p. Notes announcement by the Maritime Administration Department, Guyana, that the Stena Carron drillship will commence drilling operations at the Jabillo-1 wellsite on the Canje block on Wednesday. Westmount holds an indirect interest in the Canje block as a result of its 7.7% interest in JHI Associates Inc. The Canje Block is currently operated by an ExxonMobil subsidiary, Esso Exploration & Production Guyana, with Total, JHI and Mid-Atlantic Oil & Gas Inc as partners.
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Invinity Energy Systems PLC, up 8.1% at 148.13p, 12-month range 25p-245p. The storage battery manufacturing company says it continues to build on record 2020 orders of 18.6 megawatt hours. Says pipeline 143.7 megawatt hours, up 18% from November. "Our timing is good from a macro perspective; our core markets of the UK, the United States and Australia are all accelerating broad initiatives that will be good for Invinity. Finally, we're seeing a reduction in the interruptions the pandemic has caused in our delivery schedules. I am more optimistic than ever," says Chief Executive Larry Zulch.
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Science Group PLC, up 7.9% at 339.80p, 12-month range 161p-340p. The scientific consultancy services firm reports record revenue for 2020 of GBP72.7 million, up 29% on 2019, and swings to pretax profit of GBP6.3 million from GBP1.6 million loss. "Notwithstanding a global pandemic, the group achieved record results in 2020 benefitting from both its acquisition strategy and organic development which have combined to create a financially and operationally resilient organisation," company says.
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AIM - LOSERS
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Prospex Energy PLC, down 19% at 1.7p, 12-month range 1.4p-93.13p. The investment company focused on European gas and power projects says it has raised GBP750,000 via a placing of 50.0 million shares at a price of 1.5p each. Proceeds will be mainly used to fund planned programmes at the El Romeral integrated gas production and power station operation in southern Spain, and the Podere Gallina licence onshore Italy where first gas at the Selva field is expected to commence later in 2021, subject to the granting of a production concession.
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Helios Underwriting PLC, down 10% at 175.00p, 12-month range 70p-226p. The Lloyd's of London insurer raises GBP53.5 million via placing and subscription for a total of 33.4 million shares at a price of 160p each. Issue price represents a discount of 18% to the closing price of 195p on Monday. "This is a period of unprecedented opportunity for Helios, with a hardening market coupled with the opportunities we see to make further LLV acquisitions which would be value enhancing for our shareholders. Helios is uniquely positioned to capitalise on these opportunities," says Chief Executive Nigel Hanbury. Firm intends to raise up to a further GBP3.0 million via open offer.
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By Lucy Heming;Â lucyheming@alliancenews.com
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Helios Underw (HUW)
Science Group (SAG)
Westmount Engy. (WTE)
Invinity Energy (IES)
Prospex Eng (PXEN)