(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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Goldstone Resources PLC, up 23% at 9.85 pence, 12-month range 0.075p-10.38p. The gold producer and operator of the Homase gold mine in Ghana reports promising progress from the asset since it came into production earlier this year. In the year to date, Homase has produced and sold 1,717 troy ounces of gold, at an average realised price of USD1,907 per ounce. For 2022, it targets output of 20,000 ounces.
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TMT Investments PLC, up 16% at 4.60 pence, 12-month range 3.64p-12.90p. The venture capital investor, focused on high-growth technology companies, says its net asset value per share rises 48% in 2021 to USD9.00, from USD6.10 at the end of 2020. TMT notes its portfolio firms have seen just "limited" effects from the Russian invasion of Ukraine.
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AIM - LOSERS
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Tasty PLC, down 7.8% at 5.07p, 12-month range 4.50p-8.50p. The London-based casual dining restaurant operator surrenders gains of 10% it made on Wednesday. The stock closed flat on Thursday. On Wednesday, it said it swung to a pretax profit of GBP1.2 million in year to December 26 from a loss at GBP12.6 million the year before. This was on revenue growth of 44% to GBP34.9 million from GBP24.2 million. Selling pressure on Friday also stems from Wagamama owner Restaurant Group PLC being cut by Barclays to 'underweight' from 'equal weight'. The investment bank says casual dining firms have greater exposure to the ebbs and flows of the economy than food on-the-go companies. UK consumer confidence took a hit in March, numbers from GfK showed Friday. GfK's consumer confidence index fell by 5 points to minus 31 in March as consumers confront a "wall of worry" amid 30-year-high levels of inflation.
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By Eric Cunha; ericcunha@alliancenews.com
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Tmt Investments (TMT)
Goldstone Resources (GRL)
Tasty (TAST)