17th Mar 2021 11:42
(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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B90 Holdings, more than tripled at 14.10 pence, 12-month range 4.5p-17.4p. The online marketing and operating company's year-long share suspension was lifted after the publication of its 2019 results and 2020 interims, as it also said it has raised EUR1.8 million in convertible loan note subscriptions. For 2019, revenue shrank to EUR1.1 million from EUR10.0 million in 2018, though the firm's pretax loss slimmed to EUR4.4 million from EUR16.9 million. B90 says whilst trading since the 2020 half-year mark has been in line with revised expectations, it continues to reduce operating costs to match current operations and the directors continue to manage the group's cash resources "carefully".
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Power Metal Resources, up 14% at 2.90p, 12-month range 0.16p-3.49p. Mineral explorer says joint venture company Red Rock Australasia has received formal license grants for a further two of its license applications in mining centre of Ballarat in Victoria Goldfields. Both licenses are granted for a period of five years.
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Journeo, up 11% at 110p, 12-month range 43.4p-115p. The transport technical services provider has received new purchase orders for the supply of its advanced public transport information systems. The purchase orders worth GBP1.1 million in total include the supply of the its latest double-sided solar powered display systems. Adds it has made encouraging start to financial 2021.
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Biome Technologies, up 10% at 226p, 12-month range 108p-270p. The bioplastics and radio frequency technology firm says it secured GBP248,000 in funding from the UK government's Sustainable Innovation Fund to complete the development and to reach commercial production of biodegradable tree shelters.
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AIM - LOSERS
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Tlou Energy, down 23% at 3.6p, 12-month range 1.22p-5.5p. Company focused on delivering cleaner electricity in southern Africa says it has raised GBP2.6 million in 75 million share placing at a price of 3.5p per share. Funds raised will go towards development of Tlou's Lesedi project including construction of transmission lines to connect the Lesedi power project in Botswana to the existing electricity grid at the town of Serowe.
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LPA Group, down 13% at 74.20p, 12-month range 56p-99p. The LED lighting and electro-mechanical system manufacturer say Covid-19 pandemic had led to the rescheduling of certain work out of the current financial year and into later periods. "GBP2.7 million of output will be delayed from the second half of this financial year into later periods, and strong action has been taken by management to mitigate the impact. As our customers' production recovers to normal levels, equilibrium should be restored and our sales output recover. The medium and longer term remains very encouraging; no business has been lost," it says.
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By Arvind Bhunjun; [email protected]
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Related Shares:
TLOU ENERGYBiome TechPower MetalJourneoB90 Holdings