(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.
----------
AIM - WINNERS
----------
Versarien PLC, up 11% at 17.70 pence, 12-month range 14.66p-41.95p. Teams with Umbro. The Manchester-based sports apparel and equipment maker will use Versarien's Graphene-Wear technology in its Elite Pro-Training Kit sportswear range, initially for the 2023 spring/summer collection. "Versarien has been working on several projects with Umbro since 2018, and this is the first to lead to products being launched," Versarien says. "Versarien's Graphene-Wear ink formula will be printed on the inside of the new Elite Pro-Training Kit garments. The Graphene-Wear formula features novel properties that will allow wearers to experience enhanced thermal transmittance, increased moisture management, with improved drying rate, without compromising air or water vapour permeability. The garments will also have Versarien's Graphene-Wear trademark applied."
----------
AIM - LOSERS
----------
Dekel Agri-Vision PLC, down 16% at 3.80 pence, 12-month range 3.80p-6.30p. Sinks to 12-month low after the company warns of continued crude palm oil production weakness in April. Since first warning on palm oil production volumes in March, shares have fallen by 38%. The African agriculture company says production from its Ayenouan palm oil project in Ivory Coast has "continued to remain weak, in line with guidance". Dekel says that "low recent rainfall" has delayed the typical ripening timing of fresh fruit bunches. However, the company's soil management and crop production expert is "cautiously optimistic" that some of the shortfall in monthly fresh fruit bunches could be improved over the next two months, amid predicted increases in rainfall. CPO production in April is 42% lower year-on-year at 2,965 tonnes, from 5,147 tonnes. Processed fresh fruit bunches are down 45% to 13,168 tonnes from 24,010 tonnes. CPO sales volumes fall 64% to 1,788 tonnes in April 2022 from 4,971 tonnes a year prior.
----------
Xtract Resources PLC, down 13% at 4.94 pence, 12-month range 3.15p-7.10p. Reports "eclectic" set of drill results from the Bushranger copper-gold exploration project, Australia. Amongst the best results are 2 metres at 15.5 grams per tonne gold from 191 metres in drill hole BRDD-21-033, a result which the firm says "warrants follow-up drilling", and 18 metres at 0.34% copper equivalent from 388 metres in drill hole BRDD-22-044. "Drillholes BRDD-21-025, BRDD-21-029 and BRDD-21-034 were all exploratory holes which targeted outlying geophysical anomalies or the continuation of mineralisation south of Racecourse and north of Ascot. All holes intersected porphyry related alteration along within zones of anomalous copper and gold. BRDD-21-025 was largely un-mineralised," it notes. Executive Chair Colin Bird calls the results "eclectic", saying they showed "some degree of mineralisation and some meaningful gold values". He adds: "Whilst these outlying holes do not in themselves indicate significant extensions, we continue to drill and model to better understand both Ascot and the area between Ascot and Racecourse. The modelling for the primary Racecourse open pit is advancing satisfactorily."
----------
By Paul McGowan; paulmcgowan@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved.
Dekel Agri (DKL)
Versarien (VRS)
Xtract (XTR)