AIM WINNERS & LOSERS: Spike in oil prices lifts 88 Energy

Thu, 12th Mar 2026 10:36

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

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AIM - WINNERS

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88 Energy Ltd, up 22% at 2.00 pence, 12-month range 0.06p-2.20p. The Alaska-focused oil explorer rises as crude prices climb, with Brent quoted at USD96.40 a barrel Thursday morning after earlier hitting USD101.74 and hovering around the USD100 mark overnight, up from USD91.93 late Wednesday.

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Pantheon Resources PLC, up 26% at 10.39p, 12-month range 6.70p-73.00p. The oil and gas company focused on developing the Ahpun and Kodiak onshore oil fields in Alaska appoints Michael Spencer as chair, effective after Thursday's annual general meeting.

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AIM - LOSERS

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AB Dynamics PLC, up 4.7% at 1,181.50p, 12-month range 1,181.50p-1,930.00p. The Bradford On Avon, Wiltshire-based testing systems and measurement products for automotive market estimates revenue for the six months to February 28 of GBP49 million, down from GBP58.0 million a year prior, with order intake of GBP64 million, down from GBP66 million. It says trading in China was "significantly weaker than anticipated", but backs its financial 2026 adjusted operating profit target of GBP24.4 million and notes "positive" momentum carried into the first half.

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Sovereign Metals Ltd, down 2.0% at 42.62p, 12-month range 24.05p-51.00p. The company signs a non-binding memorandum of understanding with Mitsui & Co Ltd for the sale of up to 70,000 tonnes per year of natural rutile from its Kasiya project in Malawi over an initial four-year period from first production, with a potential five-year extension. Sovereign CEO Frank Eagar says: "Following China, Japan is the world's second-largest producer of titanium metal and a critical hub for high-value titanium manufacturing. Mitsui's interest in securing a reliable natural rutile supply from Kasiya - the world's largest natural rutile deposit - is a strong endorsement of the project's strategic value and the quality of its product."

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By Eva Castanedo, Alliance News reporter

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