29th Sep 2022 11:24
(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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Attraqt Group PLC, up 66% at 29.00 pence, 12-month range 16.00p-39.00p. It backs a GBP63.2 million takeover offer from technology company Crownpeak Holdings LLC. Crownpeak will pay 30p per Attraqt share.
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Pathfinder Minerals PLC, up 53% at 0.80 pence, 12-month range 0.35p-0.95p. Strikes deal to sell IM Minerals Ltd unit, as well as the rights to make a claim for a mining licence in Mozambique. Pathfinder strikes an option deal to sell IM to Acumen Advisory Group LLC, an asset recovery specialist. AAG will pay Pathfinder GBP2 million should the deal to buy IM go through. It will also make a binding commitment to kick off legal proceedings against Mozambique in respect to the mining licence claim. AAG will then make a contingent payment to Pathfinder of USD24 million, or 20% of net recoveries, should the licence claim be awarded. Pathfinder has been fighting to win back an interest in the 4623C mining concession in Mozambique for a number of years now. The company lost the licence in 2011 when mining concessions were consolidated and given to Pathfinder Mocambique SA, which is not affiliated with Pathfinder Minerals. The title holder of the concession was changed to TZM Resources SA in December 2020. The stock hits this 12-month high on Thursday.
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Kibo Energy PLC, up 7.3% at 0.19 pence, 12-month range 0.08p-0.25p. The company is proceeding with a proposal for an initial public offering of its "spinout" named Ultimate Sustainable Energy Ltd. Ultimate Sustainable Energy consists of Kibo's renewable and clean energy generation projects. It will seek admission to the Alternative Investment Market of the London Stock Exchange for the IPO in the fourth quarter or first quarter next year.
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AIM - LOSERS
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HSS Hire Group PLC, down 4.8% at 12.82p, 12-month range 12.50p-21.00p. Shares fall and hit a 12-month low, despite a positive open. The tool and equipment rental firm reinstates its interim dividend with a 0.17 pence per share payout. In the half-year ended July 2, revenue rises 9.3% annually to GBP159.9 million from GBP146.3 million. HSS Hire's pretax profit, however, declines to GBP6.5 million from GBP6.8 million.
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By Eric Cunha; [email protected]
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