(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.
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AIM - WINNERS
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Amte Power PLC, up 31% at 85.35 pence, 12-month range 54.00p-132.00p. The battery cell manufacturer has selected Dundee, Scotland as the preferred site for its first MegaFactory. The MegaFactory will have the capacity to produce over 25,000 high added-value batteries per day, over 8 million per year. Amte anticipates revenue generation of over GBP200 million per annum at full production, based on AMTE's customer market engagement. The plant is expected to be operational and in production towards the end of 2025.
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Atome Energy PLC, up 22% at 102.80p, 12-month range 50.00p-165.00p. The green hydrogen and ammonia production company says that it has entered into its first front-end engineering design contract in relation to its first phase 60 megawatt Villeta project facility. The contract has been signed with Concret-Mix, a local Paraguayan company with extensive experience in this type of engineering work, it says. "The entry into the FEED contract is the next step in what will in due course culminate in an aggregate of 400MW of green hydrogen and ammonia production in Paraguay, the first phase of which at Villeta is expected to commence production by first quarter 2025," says CEO Olivier Mussat.
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AIM - LOSERS
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Ince Group PLC, down 52% at 5.72p, 12-month range 5.00p-69.90p. The legal and professional-services provider intends to launch a share placing to raise a total of GBP8.6 million. Ince will place 150.0 million shares, worth GBP7.5 million, at price of 5.00p per share. The placing price is a 58% discount to Wednesday's closing share price of 12.00p. The remaining GBP1.6 million will come from a bank loan.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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Atome Plc (ATOM)