AIM WINNERS & LOSERS: Bidstack surges as reaches Azerion settlement

(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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Bidstack Group PLC, more than double at 0.66 pence, 12-month range 0.20p-3.10p. Shares in the in-game advertising firm surge. Bidstack says it has reached a settlement and new commercial partnership with Azerion Technology BV. A total payment of EUR3 million will be made by Azerion for the settlement. Following the settlement, Bidstack and Azerion will enter into a new commercial partnership which will be operational in early 2024. "Bidstack will work with Azerion's supply side platform, Improve Digital on a non-exclusive basis to enable Azerion to access Bidstack's premium gaming inventory," the company says. Bidstack launched legal action against Azerion at the start of 2023.

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Webis Holdings PLC, up 29% at 1.29p, 12-month range 0.92p-3.00p. Webis, which is the operator of WatchandWager Cal Expo, says its advanced deposit wagering business, WatchandWager.com LLC has renewed its agreement with Monarch Content Management Group to accept wagers on all Monarch-operated racetracks in 2024. Monarch manages the wagering and the live-video streaming services for 15 racetracks, including Gulfstream, Santa Anita, Del Mar, Laurel, and Pimlico.

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AIM - LOSERS

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Ferro-Alloy Resources Ltd, down 36% at 5.06p, 12-month range 5.01p-13.05p. says that revenue and profitability in the fourth quarter of 2023 has been lower than previously expected due to metal prices and production shortfalls. Market prices for all of the recovered metals have deteriorated significantly during the quarter, largely due to decreased demand, it explains. "Looking ahead to 2024, the company will continue to work to maintain profitability in the current low-price environment by renegotiating concentrate costs and other contractual terms. The company is also experimenting with new types of concentrate which, whilst producing the same quality of product, could be potentially more profitable," Ferro-Alloy adds.

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By Sophie Rose, Alliance News senior reporter

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