(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.
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AIM - WINNERS
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600 Group PLC, up 9.1% at 12.55p, 12-month range 8.75p-16.50p. Enters conditional sale and purchase agreement with Timesavers Acquisition LLC for the sale of its machine tools division. The agreement relates to the disposal of 600 UK Ltd, Colchester GmbH, 600 Machinery Australia Pty Ltd and Clausing Industrial Inc. Together these comprise of the Yorkshire, England-based industrial product manufacturer's machine tools solutions division. The disposal would be for USD21 million in cash. 600 Group said proceeds from the sale will be used to pay down its existing debts and provide significant additional resources to invest growth strategies focused on industrial laser systems.
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Harvest Minerals Ltd, up 9.6% at 12.00p, 12-month range 2.70p-12.00p. Hits 12-month high after says its multi-nutrient KP Fertil has been approved as a mineral fertilizer by Brazil's Ministry of Agriculture, Livestock & Food Supply. The London-based fertiliser producer says the certification adds to the product's current certification of soil remineralizer in Brazil. Chair Brian McMaster says: "Being recognised as a fertilizer by MAPA is the highest level of certification that KP Fertil needs to achieve and is indisputable recognition of the quality of our product."
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CareTech Holdings PLC, up 10% at 645.01p, 12-month range 530.00p-699.00p. Could soon be facing a takeover after shareholder Sheikh Holdings Group, the family office of Haroon and Farouq Sheikh, confirms press report it is in the "early stages of forming a consortium" to potentially make a bid to buy CareTech. The company has not yet been approached, it notes.
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AIM - LOSERS
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Touchstone Exploration Inc, down 12% at 83.44p, 12-month range 77.00p-155.00p. 3P gross reserves end 2021 at 121.3 million barrels of crude oil equivalent, up 21% from year prior, while 2P gross reserves increase by 16% to 75.5 million barrels of crude oil equivalent and 1P gross reserves increase by 13% to 38.7 million barrels of crude oil equivalent. Chief Executive Paul Baay says: "Our 2021 independent reserves evaluation confirms the significant opportunities at our Ortoire property and the profitability of all of our assets in Trinidad."
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By Paul McGowan; paulmcgowan@alliancenews.com
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Harvest Mi (di) (HMI)
Touchstone Exploration (TXP)