(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.
----------
AIM - WINNERS
----------
Nostra Terra Oil & Gas Co PLC, up 11% at 0.77 pence, 12-month range 0.32p-0.77p. Hits 12-month high as its 32.5%-owned Fouke 2 well in Texas will allow the company to "exceed" internal expectations. The company said the Fouke 2 well, at the company's oil field in Texas, has been completed, tested, and is now in production. The well is "exceeding internal expectations", with a production rate of 145 barrels of oil per day, 77% higher than the Fouke 1 production rate of 82 bopd. Expects "substantial" increase in average monthly net operating cashflow. This is due to a 40% increase in production, based on the company's fourth quarter average bopd, combined with recent high oil prices.
----------
AIM - LOSERS
----------
RWS Holdings PLC, down 19% at 360.60 pence, 12-month range 343.40p-678.50p. Backs growth plans after Baring Private Equity Asia Fund VIII says it does not intend to make a takeover offer for the technology-enabled language services provider. Shares in RWS were at 360.60 pence in London on Monday morning. The stock closed at 351.80p on April 20, the day before Baring Private Equity Asia confirmed it was in the early stages of considering a possible offer for RWS. Baring Private Equity Asia, in a statement on Monday, says its decision not to proceed "is not a reflection of its views on the RWS business". RWS notes that Baring Private Equity Asia's interest was unsolicited and did not result in a proposal being made. "The company is focused on the actions and investments which support this strategy and its five year accelerated growth plan," RWS says. The board believes the delivery of this strategy will create significant value for the company's shareholders."
----------
By Paul McGowan; paulmcgowan@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved.
Nostra Terra (NTOG)
RWS Holdings (RWS)