(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.
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AIM - WINNERS
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Engage XR Holdings PLC, up 50% at 15.40 pence, 12-month range 10.00p-20.00p. The virtual communications solutions provider says US partner VictoryXR has been given funding by Meta Immersive Learning, a subsidiary of Meta Platforms Inc, to help roll out 10 'digital twin' university campuses in the metaverse using Engage's platform.
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Alpha Financial Markets Consulting PLC, up 11% at 390.00p, 12-month range 258.00p-495.61p. The wealth management industry consultancy firm expects revenue and underlying earnings before interest, tax, depreciation and amortisation for the year to March 31 to be "significantly ahead" of current market expectations.
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AIM - LOSERS
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Arden Partners PLC, down 20% at 14.40p, 12-month range 13.00p-30.01p. The corporate broker says its application for nominated adviser status has been rejected by the London Stock Exchange, leaving its takeover by Ince Group PLC under threat. As part of the deal, Arden was required to retain its nominated adviser status upon change of control. Arden says board has entered into discussions with Ince regarding the implications of London Stock Exchange's decision and will provide a further update to shareholders as soon as practicable. Ince shares are up 1.3%.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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Engage Xr (EXR)