11th Dec 2024 10:44
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Wednesday.
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AIM - WINNERS
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Sound Energy PLC, up 26% at 0.82 pence, 12-month range 0.56p-1.26p. The develop of gas projects has completed the partial divestment of its Moroccan assets for up to USD45.2 million. It sells all of Sound Energy Morocco East Ltd to Managem SA. It continues to hold 20% of the Tendrara production concession through Sound Energy Meridja Ltd and just under a 28% working interest in each of Grand Tendrara and Anoual. "We are delighted to have completed the sale of SEME Ltd, and we are pleased to welcome Managem as its new owner. I would like to thank all those involved from both companies, our advisors, ONHYM and the Ministry of Energy. This is a transformative transaction for Sound Energy, unlocking significant value and we look forward to the new chapter of Tendrara development and exploration activity in Morocco," Executive Chair Graham Lyon says.
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Billington Holdings PLC, up 11% at 464.22p, 12-month range 373.00p-600.00p. The structural steel firm expects 2024 pretax profit to be ahead of market expectations. It hails "continued strong delivery" in the second half of the year.
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AIM - LOSERS
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Versarien PLC, down 16% at 0.035p, 12-month range 0.030p-0.40p. Shares in the engineering materials firm surrender some recent progress. The stock added 8.7% on Monday, then surged another 14% on Tuesday. At the start of the week, it announced a distribution deal with A Barristor Co. Versarien will distribute a new biosensor chip product in the UK and Europe, according to the pact. The products use graphene barristor sensor platform technology.
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By Eric Cunha, Alliance News news editor
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