(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.
----------
AIM - WINNERS
----------
Shanta Gold Ltd, up 16% at 7.84 pence, 12-month range 6.50p-17.50p. The gold miner says new reserve estimate for all of its East Africa projects as of December is 404,000 ounces, topping 382,000 ounces a year earlier. Ounces added amount to 128,000, while ounce depletion totals 90,000 while a further 16,000 ounces are lost to resource optimisation. Shanta noted it was the third consecutive year in which it has replaced all mined ounces of gold through exploration.
----------
Omega Diagnostics Group PLC, up 13% at 8.20 pence, 12-month range 6.50p-117.98p. Shares in the Alva, Scotland-based medical diagnostics company stage a partial rebound after a 33% fall on Monday. Omega on Monday had confirmed it is in talks with investors over a possible equity raise, following "recent online speculation".
----------
UK Oil & Gas PLC, up 7.0% at 0.11 pence, 12-month range 0.095p-0.48p. The onshore exploration and production firm, with assets in the UK and Turkey, says a planned 2D seismic acquisition over the proposed Basur-3 sidetrack in Turkey has been sealed. "Drilling of B-3S is scheduled to commence upon receipt and interpretation of fast-track seismic processing results, currently expected within the first quarter of 2022," UK Oil & Gas adds.
----------
AIM - LOSERS
----------
Joules Group PLC, down 41% at 69.69p, 12-month range 69.00p-310.00p. The British lifestyle retailer warns on annual profit and says trading in the third quarter of its financial year disappointed its own expectations. Revenue in the nine weeks ending January 30, part of its third quarter, rises 31% annually but is behind board expectations. Joules now expects adjusted pretax profit for the financial year of no less than GBP5 million, meaning as much as 18% below GBP6.1 million from financial 2021. Shares set new 12-month low.
----------
XLMedia PLC, down 11% at 34.72p, 12-month range 0.32p-40.00p. The marketing firm, operating in online gaming, personal finance and sports, warns of "trading pressures" in its European Casino assets as well as "negative regulatory change" in its Finnish Casino arm. For 2021, XLMedia expects revenue of USD66.6 million, in line with expectations and up 22% from USD54.8 million. "Whilst the group expects the US Sports vertical to deliver strong growth in FY22, this will be, in part, offset by the managed decline of the European Casino vertical and restructuring of the Personal Finance vertical," XLMedia explains.
----------
By Eric Cunha; ericcunha@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved.
Xlmedia (XLM)
Shanta Gold (SHG)
Uk Oil & Gas (UKOG)