(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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Caspian Sunrise PLC, up 45% at 4.00 pence, 12-month range 2.06p-8.6p. The Kazakhstan-focused oil and gas exploration and production company resumes trading following the publication of its 2022 results. Shares had been suspended since Monday, after Caspian missed last Friday's six-month deadline. Says it swung to a pretax profit of USD12.3 million in 2022 from a loss of USD4.8 million in 2021, as revenue nearly doubled to USD42.9 million from USD25.0 million. Last Friday, the firm said it was suspending dividends, due to the adverse impact of the war in Ukraine on its revenue, which had sent its shares down 26%.
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Aptamer Group PLC, up 29% at 5.48p, 12-month range 3.01p-100p. The custom affinity binder developer announced contract wins for up to GBP507,000 over the next six months. Its shares had come under selling pressure on Tuesday after it warned it was running low on cash, and expected a double-digit percentage decline in revenue in its recently-concluded financial year. "In addition to trading income, further funding will be required in the short-term in order to continue as a going concern," the firm reiterates. Its stock is still down 23% this week.
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AIM - LOSERS
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Quadrise PLC, down 34% at 1.25p, 12-month range 0.9p-2.8p. The residual oil technology company says it intends to conduct a placing of 140 million shares at 1.25 pence to raise no less than GBP1.0 million. The issue price is a 34% discount to the closing price of 1.90p on Thursday. Also launches open offer to shareholders of up to a maximum of GBP2.3 million. Says fundraise is to progress operations and active projects and will strengthen its balance sheet. Says placing will strengthen its balance sheet and is in the best interest of the company and shareholders.
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Helium One Global Ltd, down 6.3% at 5.20p, 12-month range 4.32p-9.3p. The Tanzania-focused helium explorer continues to have concerns about the lack of operational and contractual progress regarding its letter of intent with drilling contractor SOFORI. As a result, it has issued SOFORI a rectification notice. Says it is reviewing and progressing with a number of alternative options that will still allow it to meet its targeted drilling of the Tai-C well in the event that SOFORI does not fulfil the obligations outlined in the rectification notice.
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By Elizabeth Winter, Alliance News senior markets reporter
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Caspian Sunrise (CASP)
Aptamer Group (APTA)
Quadrise (QED)
Helium One (HE1)