(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.
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AIM - WINNERS
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Zephyr Energy PLC, up 9.1% at 5.9 pence, 12-month range 3.75p-8.1p. The US Rocky Mountain-focused oil and gas firm completes the remaining 25% working interest in White Sands Unit in the Paradox Basin in Utah. Zephyr also acquires interest in a further six wells in Williston Basin, North Dakota. "This accretive acquisition will provide the company with further low-risk oil production and is expected to generate substantial cashflows for the company which can be reinvested into the Paradox project development," it explains.
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AIM - LOSERS
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Infrastructure India PLC, down 55% at 0.20 pence, 12-month range 0.5p-2.2p. The India-focused infrastructure investor said the value of its investments fell to GBP194.1 million at September 30 from GBP263.1 million a year before. Net liabilities are GBP85.7 million at the end of September, swung from net assets of GBP72.1 million a year before. Consequently, net asset value per share falls to nothing from 10.6p a year before. It says the sale of both Indian Energy Ltd and Distribution Logistics Infrastructure Ltd, its largest holding, are in progress.
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ScotGold Resources PLC, down 11% at 52.33p, 12-month range 49.2p-88p. In the year ended June 30, the Scottish gold producer says revenue rises to AUD17.9 million from AUD299,807 a year before. However, pretax loss doubles to AUD10.8 million from AUD5.0 million. ScotGold lowers its production forecasts for the quarter to December at its Cononish gold and silver mine. Due to changes in the short-term mining schedule and worse-than-expected weather conditions in December, it now expects 2,000 ounces of gold. This is down from a previous range of 3,000 to 3,500 ounces.
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By Elizabeth Winter, Alliance News senior markets reporter
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Zephyr Energy (ZPHR)
Infra.india (IIP)