18th Feb 2021 11:26
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.
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AIM - WINNERS
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Scirocco Energy, up 28% at 1.22 pence, 12-month range 0.3p-2.69p. The investing company notes positive update provided by Helium One announcing the commencement of its infill seismic campaign with mobilisation of survey and line-clearing crews to its Rukwa helium project in Tanzania. Helium One shares up 0.3%.
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ADVFN, up 12% at 36.90p, 12-month range 10p-43p. The investing website operator posts a swing to profit for the first half of its current financial year, crediting the improvement to change in its strategy as a result of the pandemic, as well as to market volatility. For the six months ended December 31, ADVFN posts pretax profit of GBP261,000, swinging from a loss of GBP399,000 a year prior. This was as revenue rose 11% to GBP4.2 million from GBP3.8 million, and administrative expenses fell 7.5% to GBP3.7 million from GBP4.0 million.
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Griffin Mining, up 9.0% at 158p, 12-month range 30p-160p. The miner reports new global mineral resource estimate for its Caijiaying zinc-gold mine in China. Says the new global mineral resources are from the four main deposit zones. Total contained metal is 4.0 million tonnes of zinc, 600,000 tonnes of lead, 88.8 million ounces of silver, and 1.6 million ounces of gold. This is an increase of about 50% from the previous mineral resource, which incorporated zones II and III only. The recent resource increase has now triggered a development programme to be commenced to enable increased production to 1.5 million tonnes per annum, Griffin delivering an 80% production increase in the next two years.
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1Spatial, up 5.1% at 31.00p, 12-month range 13p-33p. Cambridge-based location data software provider says it secured a contract to deliver a digital system map of the UK's energy system to support a pathway to net zero.
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AIM - LOSERS
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Ormonde Mining, down 22% at 1.86p, 12-month range 0.42p-3.48p. The Irish natural resource company says the resolutions due to be considered at Thursday's reconvened annual general meeting have been withdrawn and the meeting dissolved. Notes it has come to the decision to dissolve the AGM as a result of being unable to obtain the support of its largest shareholder for resolutions 6 and 7. Resolution 6 would have allowed the company to issue shares to third parties as consideration for a transaction. Says approval of resolution 6 was necessary to facilitate the timely completion of the proposed acquisition of a number of copper and polymetallic licenses in the Republic of the Congo, under terms which have been under discussion for several months and are largely agreed.
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By Arvind Bhunjun; [email protected]
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