(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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Kibo Energy PLC, up 24% at 0.12 pence, 12-month range 0.08p-0.27p. The UK and Africa-focused energy project developer extends to 20 years from 10 years the waste-to-energy power purchase agreement that was first announced back in February. The agreement outlines the construction, commissioning and operation of a 2.7 megawatt plastic-to-syngas power plant to generate baseload electricity for an industrial business park developer in Gauteng province, South Africa.
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Circassia Group PLC, up 7.0% at 34.23p, 12-month range 28.25p-49.95p, The asthma diagnosis and management company expects to outperform full-year guidance, amid "strong" revenue growth and cost cutting measures. Revenue for the first six months of 2022 was up 6% to GBP15.5 million from GBP14.6 million the year prior, despite Covid-19 lockdowns in China. The company adds that a change in its business model has led to a reduction in overhead costs to GBP7.8 million from GBP10.0 million.
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AIM - LOSERS
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Eqtec PLC, down 23% at 0.50p, 12-month range 0.47p-1.60p. The gasification company completes GBP3.8 million fundraise announced after market close on Wednesday. Placing of 782.7 million shares was priced at 0.5 pence per share, being a discount of 23% to Wednesday's closing price of 0.65p. Proceeds will be used to maintain momentum with existing projects and potentially help pursue other projects. Currently has five plants under construction, with two approaching commissioning and commercial operations from 2022, with nearly 20 other projects under development.
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Appreciate Group PLC, down 9.3% at 27.30p, 12-month range 21.10p-32.50p. The prepaid gift card and voucher provider says Chief Executive Officer Ian O'Doherty plans to step down, joining Chief Financial Officer Tim Clancy as the latest executive to leave the company. Appreciate said that whilst O'Doherty will leave the company at the end of July, he will remain available to advise the company until January next year. In the meantime, Chair Guy Parsons will become executive chair to ensure a smooth transition as Appreciate commences its search for a new CEO.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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Kibo Energy (KIBO)
Eqtec (EQT)