9th Aug 2021 11:16
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.
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AIM - WINNERS
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Bluejay Mining PLC, up 27% at 11.88 pence, 12-month range 6.56p-15.76p. The miner announces joint venture agreement with KoBold Minerals. KoBold is a mineral exploration company that uses machine learning to guide exploration for new deposits rich in the critical materials for electric vehicles and is backed by Bill Gates and Jeff Bezos, among others.
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Zephyr Energy PLC, up 14% at 6.25p, 12-month range 0.43p-7.89p. The oil exploration and production firm announces the completion of drilling operations at its flagship project in Utah's Paradox Basin, in the US. Says its State 16-2LN-CC well was successfully drilled to a 14,000 feet depth and encountered the primary Cane Creek reservoir target as well as secondary targets in overlying reservoirs.
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AIM - LOSERS
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Infrastructure India PLC, down 15% at 1.10p, 12-month range 0.78p-2.80p. The India-focused fund says Covid-19 pandemic has hurt its largest asset, Distribution Logistics Infrastructure. Says DLI has sustained delays in construction and completion schedules, delays with regulatory approvals due to government bottlenecks and irregular and lumpy volumes as a result of 15 months of severe market turbulence. Says it has unaudited cash and cash equivalents available of USD4 million, including certain cash receivables. This amounts to approximately 5 to 7 months of runway for the company. Says board is currently evaluating options and is exploring alternative sources of financing with third parties and further announcements will be made as and when appropriate.
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Active Energy Group PLC, down 21% at 0.45p, 12-month range 0.37p-1.95p. On Thursday last week temporarily suspends production of CoalSwitch after one of the reactors failed at its Ashland plant. The reactor in Maine, US, failed whilst operating and an investigation as to why is underway, the London-based renewable energy firm says.
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By Arvind Bhunjun; [email protected]
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