(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.
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AIM - WINNERS
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Sopheon PLC, up 10% at 578.00 pence, 12-month range 475.00p-1,000.00p. Enterprise software provider wins USD11.2 million, five-year contract with the US Navy's submarines.
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Invinity Energy Systems PLC, up 10% at 42.90 pence, 12-month range 33.00p-137.76p. The energy storage firm signs a non-binding deal to establish a US joint-venture to build and sell vanadium flow batteries. The JV will be equally owned by Invinity and potential partner US Vanadium.
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AIM - LOSERS
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Tremor International Ltd, down 16% at 368.80p, 12-month range 336.00p-828.00p. Reports a fall in half-year profit on higher costs. For six months ended June 30, the digital advertising firm reports a 2.8% increase in revenue to USD156.7 million from USD152.4 million a year before. Pretax profit drops 18% to USD28.8 million from USD35.1 million a year ago, as operating costs rise 20% to USD97.5 million from USD81.0 million.
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Smartspace Software PLC, down 10% at 41.69p, 12-month range 41.12p-153.00p. The software solutions company warns its annual recurring revenue will be lower than market expectations. Smartspace says group revenue in half year to July 31 rises 46% annually to GBP3.6 million. Recurring revenue during half up 49% to GBP2.4 million.
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By Eric Cunha; ericcunha@alliancenews.com
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Invinity Energy (IES)