(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.
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AIM - WINNERS
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Aura Energy Ltd, up 46% at 22.06 pence, 12-month range 3.19p-22.70p. Aura Energy shares continue to surge, hitting a new 12-month high. The stock is up over three-fold so far in September as uranium prices jump. Bloomberg reported last week Wednesday that uranium prices surged to the highest level since 2014. Investment firm Sprott Inc, which has recently launched uranium investment fund, has bought large stocks of the commodity, according to Bloomberg. Minerals company Aura is focused on the Tiris uranium project in Mauritania. Almost five years to the day, Aura shares hit 39p each, its record high. Jersey-based investor in uranium Yellow Cake PLC was 16% higher at 357.00p. Its stock hit a 52-week high of 364.00p earlier on Monday.
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Image Scan Holdings PLC, up 33% at 3.20 pence, 12-month range 1.90p-4.54p. The Leicestershire, England-based X-ray imaging systems provider expects profit close to breakeven levels in the year ending September 30, helped by two new orders, one in the UK and another in the US. A UK police force has selected Image Scan to provide four ThreatScan-LSC portable X-ray systems. A US police department bomb squad has ordered two of the ThreatScan systems. Image Scan now expects annual sales of GBP2.9 million and a "trading profit performance close to breakeven".
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Horizonte Minerals PLC, up 10% at 8.81 pence, 12-month range 5.20p-10.19p. The Brazil-focused nickel company says two export credit agencies, one in Finland and another in Denmark, have approved its USD146.2 million project finance facility for its Araguaia asset. "The ECA approvals are a key step forward in the project financing process, and Horizonte is now nearing completion of the credit approvals by the senior lenders for the balance of the project financing of Araguaia," the company adds.
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AIM - LOSERS
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Gamma Communications PLC, down 6.9% at 1,928.00p, 12-month range 1,425.00p-2,350.00p. Jefferies cuts the London-based cloud services provider to Hold from Buy.
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ITM Power PLC, down 8.8% at 426.97p, 12-month range 220.50p-724.00p. The Sheffield, England-based polymer electrolyte membrane electrolyzers reports a narrowed pretax loss for the financial year that ended on April 30. ITM's pretax loss amounts to GBP27.6 million, trimmed from GBP29.5 million the year prior. Revenue, meanwhile, rose to GBP4.3 million from GBP3.3 million year-on-year. However, including grant funding, revenue is 6% lower at GBP5.1 million from GBP5.4 million.
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By Eric Cunha; ericcunha@alliancenews.com
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Itm Power (ITM)
Gamma Communications (GAMA)
Aura Egy (AURA)
Horizonte Minerals (HZM)
Image Scan Holdings (IGE)