8th Jul 2021 10:25
(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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Yu Group, up 11% at 289.00 pence, 12-month range 70p-390p. The utilities supplier to the UK small and medium enterprise sector expects to post strong revenue increase for first half of 2021 and positive adjusted earnings before interest, tax, depreciation and amortisation, swinging from loss of GBP1.8 million a year ago. Is confident in meeting 2021 market expectations, expecting revenue "significantly" above the GBP101.5 million reported for 2020 and a strong Ebitda performance. "With our strong operational and financial H1 performance and the volume used by our SME customers returning to pre COVID levels, we look to the future with continued confidence and excitement, reflecting a very positive outlook," says Chief Executive Bobby Kalar.
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Cora Gold, up 11% at 12.19p, 12-month range 6.9p-15.45p. Extends gains after 38% jump on Wednesday after hailing significant find from Sanankoro gold project drilling. It noted a zone A highlight of 19 metres at 31.56 grams per tonne gold from 65 metres, saying this was "by far the most significant drill hole that Cora has ever drilled."
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Surface Transforms PLC, up 7.9% at 63.69p, 12-month range 20.1p-81p. The maker of carbonâ€ceramic automotive brake discs says revenue in first half grew 34% to GBP1.2 million, beating managements' original expectation that sales in the period would be broadly unchanged year-on-year. "As previously announced, revenues are expected to further increase in the final quarter of 2021, following start of production on the multi-year OEM contracts already awarded to Surface Transforms," it says.
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AIM - LOSERS
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Petro Matad, down 7.0% at 7.07p, 12-month range 2.18p-9.34p. Gives back some gains after surging 19% on Wednesday, after it said Mongolia's minister of Mining & Heavy Industry had approved the award of the Block XX exploitation licence to firm. Stock still up 69% in year-to-date.
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By Lucy Heming;Â [email protected]
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Related Shares:
Petro MatadCora GoldSurface TransformsYu Energy