(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.
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AIM - WINNERS
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Eqtec PLC, up 13% at 0.93 pence, 12-month range 0.0075p-0.95p. The company, focused on turning waste into sustainable energy, reaches a deal to extend an existing purchase pact related to land where the 25 megawatt Billingham waste gasification and power plant will sit. Billingham is located in Stockton-on-Tees, part of North Yorkshire in England. The consideration to purchase the site amounts to GBP8.6 million, with a deposit amount of GBP260,000 paid on February 26, 2021. A further GBP250,000 will be paid by next week Thursday, with an additional GBP500,000 by the end of September. The remaining GBP7.6 million balance is payable on completion of the land purchase, which must occur by December 23. Shares hit a 53-week high on Tuesday
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Kazera Global PLC, up 14% at 1.42 pence, 12-month range 0.92p-2.39p. The investment company, focused on mining of minerals such as tantalum and diamonds in Namibia, posts a record output for the most recent production cycle, which spanned December to January. Diamond production during the period reaches 1,000 carats, markedly ahead of the previous record of 242 carats.
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AIM - LOSERS
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W Resources PLC, down 33% at 2.72p, 12-month range 0.078p-13.30p. The tungsten, tin and gold mining and exploration company, focused on Spain and Portugal, says its output declined in the fourth quarter of 2021. The tungsten recovery rate of 31% falls to 31% from 58% in the third quarter, while concentrate grade ebbs to just under 65% from just shy of 67% in the third quarter. At La Parrilla asset in Spain, total contained metal output falls 47% quarter-on-quarter.
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MySale Group PLC, down 24% at 2.50p, 12-month range 0.035p-2.80p. The Australia, New Zealand and south east Asia-focused online retailer says revenue in the six months to December 31 falls 6.4% to AUD59.7 million, about GBP31.4 million, from AUD63.8 million. Supply chain difficulties, meanwhile, hit profit. Underlying earnings before interest, tax, depreciation and amortisation fell to AUD1.0 million from AUD2.5 million. MySale adds that inventory "built up to a higher level than expected".
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By Eric Cunha; ericcunha@alliancenews.com
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Eqtec (EQT)
Kazera Global (KZG)