(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.
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AIM - WINNERS
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Empire Metals Ltd, up 41% at 1.38 pence, 12-month range 0.0090p-1.50p. Sees "high-grade" findings at Gindalbie gold project in Australia, where drilling is being performed. "Of the four RC holes drilled at the Homeward Bound target, three reported very high-grade intercepts," Empire explains.
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Belluscura PLC, up 20% at 119.00 pence, 12-month range 45.00p-152.00p. The London-based oxygen enrichment technology developer inks a manufacturing master supply deal with InnoMax Medical Technology Ltd. The deal concerns the manufacture of the X-PLO2R portable oxygen concentrator in China. "This agreement will more than double the company's manufacturing capacity next year and enable us to accelerate our international expansion by opening up the Asian markets in 2023 and beyond," Belluscura says.
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AIM - LOSERS
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Team17 Group PLC, down 6.7% at 550.00 pence, 12-month range 420.00p-870.00p. The video game developer reports stronger annual results but warns of rising costs and the impact of Russia's invasion of Ukraine. Pretax profit rises 11% in 2021 to GBP29.1 million from GBP26.2 million in 2020. Revenue is 9.0% higher at GBP90.5 million from GBP83.0 million. Team17 expects group costs to rise GBP1.7 million in 2022. In addition, it expects the situation in Ukraine to hit revenue by GBP4 million and hurt its earnings before interest and tax by GBP2.5 million.
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By Eric Cunha; ericcunha@alliancenews.com
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Belluscura (BELL)
Empire Metals (EEE)
Team17 (TM17)