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AIM WINNERS & LOSERS: Vast Resources falls after discounted placing

28th Oct 2021 11:42

(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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Eurasia Mining PLC, up 13% at 22.45 pence, 12-month range 14.00p-45.00p. The palladium, platinum, rhodium, iridium and gold producing company says its nickel-copper-PGM assets sale is progressing as buyer completes due diligence. Chief Executive Officer James Nieuwenhuys says: "We are advancing our development projects to production, increasing production on our operating mines adding value to Eurasia, while also focusing on other strategic options that are progressing well".

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Deepverge PLC, up 9.4% at 29.00p, 12-month range 19.00p-42.00p. The environmental & life science AI company says its Modern Water unit has been selected to contribute newly enhanced monitoring equipment, as part of the UK government's national Covid-19 infrastructure trial. The trial runs to February 2022.

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AIM - LOSERS

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Vast Resources PLC, down 25% at 2.90p, 12-month range 0.075p-10.00p. The miner says it has raised around GBP1.4 million through a placing of 54 million shares at a placing price of 2.5p per share. The placing price represents a discount of 35% from Wednesday's closing price of 3.85p.

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By Arvind Bhunjun; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


Related Shares:

Vast ResourcesEurasia MiningDVRG.L
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