AIM WINNERS & LOSERS: Naked Wines announces quick share buyback

(Alliance News) - The following stocks are the leading risers and fallers on AIM on Monday.

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AIM - WINNERS

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Atlantic Lithium Ltd, up 21% at 9.52 pence, 12-month range 5.32p-18.10p. The Africa-focused lithium exploration and development has submitted a revised mining lease to the Ghanian government for the Ewoyaa project. "The company remains confident that ratification of the mining lease will be forthcoming in accordance with due parliamentary process," the firm says.

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Naked Wines PLC, up 5.9% at 72.40p, 12-month range 42.00p-95.00p. Online wine retailer Naked Wines announces a new GBP2 million share buyback, conducted via reverse accelerated bookbuild, to begin and end on Monday.

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AIM - LOSERS

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Indus Gas Ltd, down 60% at 3.80p, 12-month range 3.34p-21.70p. The oil & gas explorer proposes calling time on its AIM listing. Indus says there is a "lack of access to capital", and it has a limited free float. Indus says liquidity of its shares is low and it notes the "listing and compliance costs". Gynia Holdings Ltd, which owns just under an 83% stake in Indus, supports the move. Separately, Indus says revenue in the six months to September 30 improves to USD4.0 million from USD2.3 million a year before, and pretax profit climbs to USD1.9 million from USD1.2 million.

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By Eric Cunha, Alliance News news editor

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Atlantic Lithium

Naked Wine