(Alliance News) - The following stocks are the leading risers and fallers on AIM on Tuesday.
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AIM - WINNERS
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Braveheart Investment Group PLC, up 5.7% at 3.70 pence, 12-month range 3.05p-11.84p. The technology investor sees shares rise after swinging to profit in the half ended September 30 of GBP43,000 from a loss of GBP732,000 a year prior. By contrast, net asset value per share falls to 5.42 pence from 15.42p a year prior. Net asset value comes to GBP3.5 million, down from GBP9.8 million, while total income is GBP431,477, versus GBP525,189 a year prior. Looking ahead, says that strategic investments "continue to be the most likely drivers of growth in shareholder value over the remainder of the current year".
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Strategic Minerals PLC, up 4.8% at 0.23 pence, 12-month range 0.080p-0.34p. Provides update on quarterly Cobre sales to September 30, says sales revenue rises to USD1.3 million from USD404,000 a year prior. Adds that "very strong sales levels" are now being maintained, with full-year sales expected to exceed USD4.5 million. Explains that it continues to benefit from the return of Cobre's major client and the addition of a "substantial new client".
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AIM - LOSERS
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Deltic Energy PLC, down 24% at 4.00p, 12-month range 3.85p-44.00p. Says that Graham Swindells, the company's chief executive officer, has informed the board of his intention to step down effectively immediately, and that he will be succeeded by Andrew Nunn, the current chief operating officer. Swindells says: "Despite the recent challenges presented by the UK's political and fiscal environment, I am proud of what we have achieved in establishing Deltic as one of the UK's leading explorers. As the team seeks to extract the maximum value from the existing UK asset base and rebuild a portfolio focussed outside of the UK, now is the appropriate time for me to hand over the role of CEO to Andrew who I have had the pleasure of working alongside for the last 10 years and believe is an outstanding successor."
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By Holly Beveridge, Alliance News senior reporter
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Braveheart Investments (BRH)
Strategic Minerals (SML)
Deltic Energy (DELT)
