(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.
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AIM - WINNERS
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Versarien, up 11% at 42.85 pence, 12-month range 26.15p-80p. The engineering group says it received an investment of GBP1.9 million from Graphene Lab. The South Korean chemical vapor deposition graphene specialist has subscribed for 4.3 million shares in Versarien at a price of 45 pence each, representing a 2.2% stake.
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SRT Marine Systems, up 8.0% at 34.05p, 12-month range 25p-46p. The provider of maritime management systems says it expects to post a drop in revenue but a narrowed loss for its recently-ended financial year. SRT says it expects to report revenue of GBP8.2 million and a pretax loss of GBP5.8 million with gross cash of GBP5.3 million for the year ended 31 March 2021. For the 2020 financial year, the firm posted revenue of GBP18.9 million and a pretax loss of GBP6.9 million.
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AIM - LOSERS
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Kore Potash, down 8.9% at 1.20p, 12-month range 0.00p-2.00p. Completes oversubscribed proposed fundraise with a total of 823.5 million new shares to be issued at a price of 1.1 pence each for a total value of USD12.5 million. Following the admission, the company will have 2.81 billion shares overall.
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ECR Minerals, down 7.9% at 2.37p, 12-month range 0.48p-4.4p. The miner says it is to raise GBP2 million in 90.9 million share placing at price of 2.2p per share. ECR says placing proceeds to fund drilling at Australian gold projects.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
Copyright 2021 Alliance News Limited. All Rights Reserved.
Srt Marine Sys. (SRT)
Versarien (VRS)
ECR Minerals (ECR)
Kore Potash (KP2)