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AIM WINNERS & LOSERS: Cornish Metals rises as reassures shareholders

Fri, 17th May 2024 09:25

(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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Cornish Metals Inc, up 12% at 6.40 pence, 12-month range 5.99p-15.80p. The Vancouver-based mineral exploration company notes the recent decline in its share price. Over the last five days, the stock has plummeted 34%. Cornish Metals reassures investors and said that "it is unaware of any operational or corporate reason for the price movement."

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FRP Advisory Group PLC, up 11% at 142.04p, 12-month range 105.40p-149.00p. The advisory firm says it has "achieved another year of strong profitable growth." It expects to report revenue of GBP128 million in the year ended April 30, up 23% annually from GBP104 million. Ebitda is expected to rise 37% on-year to GBP37 million from GBP27 million. FRP notes that both results exceed current market consensus. Looking ahead, CEO Geoff Rowley says: "Activity levels across all our locations and pillars are encouraging. As a result, we start our new financial year with confidence of making further positive progress."

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AIM - LOSERS

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Eqtec PLC, down 19% at 1.14p, 12-month range 1.00p-22.59p. The Cork, Ireland-based thermochemical conversion technology company says no funds have been received from Verde in regards to its GBP1.5 million subscription agreement. Therefore, it has terminated its agreement with Verde.

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By Sophie Rose, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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