28th Apr 2021 10:38
(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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Mulberry Group PLC, up 21% at 308 pence, 12-month range 140p-308p. The luxury brand expects to beat expectations and report a "small" underlying pretax profit for the financial year that ended March 27. It previously guided that "losses would be reduced" in the 2021 financial year. "As a result of continued strong growth in the group's Asian markets, strong sales on the group's global digital platforms and improved margins due to lower mark-down sales, the board now expects that the group will outperform expectations," says Mulberry.
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Alba Mineral Resources PLC, up 13% at 0.31p, 12-month range 0.06p-0.58p. The mineral exploration and development company says purification test work on Amitsoq graphite at project in southern Greenland confirms suitability for lithium-ion batteries. "We can now move forward with our plans to define a large-tonnage deposit at Amitsoq in the knowledge that our graphite not only has exceptionally high average grades but is also battery grade material which can be sold into the electric vehicle sector, which is by far the largest growth market for graphite," says Executive Chair George Frangeskides.
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AIM - LOSERS
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Pennant International Group PLC, down 9.1% at 40p, 12-month range 30.00p-53.50p. The provider of aerospace training software reports revenue of GBP15.1 million for 2020, down from GBP20.4 million in 2019, while pretax loss widens to GBP3.1 million from GBP1.6 million. Chair Simon Moore says Pennant "was certainly not immune to the pandemic's effects", but notes that performance improved in the second half.
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By Lucy Heming;Â [email protected]
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Related Shares:
Alba Mineral ResourcesMulberry GroupPennant International