25th Aug 2021 11:27
(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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Sopheon PLC, up 11% at 975.00 pence, 12-month range 760.00p-1,000.00p. The enterprise software provider posts a slight first-half profit hike, with revenue visibility for the rest of 2021 topping last year's levels. In the six months to June 30, revenue rose 19% annually to USD16.5 million from USD13.9 million. Pretax profit rose 8.1% to USD518,000 from USD479,000. Revenue visibility for 2021 stands at USD31.2 million, up 22% from USD25.5 million at the same time a year earlier. Revenue visibility includes deals which are contracted and recurring pacts.
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ASOS, up 0.7% at 4,054.00p, 12-month range 3,652.00p-5,994.95p. Boohoo Group PLC, up 1.7% at 284.40p, 12-month range 215.00p-402.30p. Deutsche Bank starts coverage on the online fashion retailers with Buy ratings. ASOS and boohoo are among the largest companies on AIM with market capitalisations of GBP4.01 billion and GBP3.59 billion respectively.
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AIM - LOSERS
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Challenger Energy Group PLC, down 22% at 1.35p, 12-month range 1.30p-37.00p. The oil and gas company says its Saffron-2 well in Trinidad has been successfully drilled and that work is underway to improve production levels at the site. Despite the drill completion, Challenger "failed to achieve sustained production" from zones due to technical and mechanical issues encountered during tests, Chief Executive Eytan Uliel explained.
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Empire Metals Ltd, down 13% at 1.75p, 12-month range 1.60p-5.73p. The resource exploration and development firm says its Eclipse gold project in Western Australia will require further drilling after test results showed that gold mineralisation occurred at greater depths, scuppering plans for an open-pit mine. Empire will now expand its exploration efforts and focus on the wider potential of the combination of the Eclipse lode with other's, like the Twin Shaft lode, with the objective of delivering a larger mineralised inventory to advance towards feasibility stage.
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By Arvind Bhunjun; [email protected]
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Related Shares:
SPE.LASOSBoohooEmpire MetalsChallenger Energy