(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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Orosur Mining Inc, up 8.5% at 21.70 pence, 12-month range 0.050p-26.22p. Joint venture partner Minera Monte Aguila SAS exercises its right to assume ownership of the Anza project in Colombia. Project now moves into fourth year of phase 1, with a further USD4 million to be spent under an exploration agreement.
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Tavistock Investment PLC, up 8.9% at 4.90 pence, 12-month range 1.28p-5.90p. Investment manager's revenue falls 0.3% to GBP28.7 million in the year ended March 31 from GBP28.8 million. It swings to a pretax profit of GBP949,000 from a GBP5.7 million loss. Tavistock outlines plans for a potential buyback, after receiving the initial GBP20 million proceeds from its Tavistock Wealth sale.
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AIM - LOSERS
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IQE PLC, down 12% at 46.60p, 12-month range 42.00p-91.94p. The wafer products provider says its revenue in the six months to June 30 falls 12% to GBP79.5 million from GBP89.9 million a year earlier. IQE narrows its pretax loss to GBP2.7 million from GBP5.0 million. The company warns it is experiencing a "significant foreign exchange headwind". It expects revenue to be in line with last year on a constant currency basis.
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By Eric Cunha; ericcunha@alliancenews.com
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Orosur Mining (OMI)
IQE (IQE)
Tavistock (TAVI)