8th Jul 2024 10:31
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Monday.
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AIM - WINNERS
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Goldstone Resources Ltd, more than double at 1.43 pence, 12-month range 0.63p-1.80p. The gold producer and explorer updates on Homase Gold project in south-western Ghana. It says that continuous operations were maintained at the project in the second half of this year and first half of 2024. Chief Executive Emma Priestley says: "The company remains focused on delivering Shareholder value, and this is why the difficult decision was taken in 2023 to halt production and review the design of the processing plant. Despite the many challenges associated with the company's ordinary shares being suspended from trading for such a long period of time, the board and management team have remained committed to building value for our shareholders and are now pleased that the upgraded plant is delivering the improved heap-leaching gold recoveries we targeted."
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Quartix Technologies PLC, up 8.2% at 165.00p, 12-month range 125.55p-250.00p. The company, which is a supplier of subscription-based vehicle tracking systems, software and services, expects to report strong first-half growth with notable successes made across multiple European markets. For the six months that ended on June 30, Quartix anticipates an 8.3% rise in pretax profit to GBP2.6 million from GBP2.4 million last year. Revenue is estimated to be at GBP16.0 million, up 9.6% from GBP14.6 million. Over the twelve months to June 30, annualised recurring revenue increases by 11% or GBP3.0 million.
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AIM - LOSERS
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Biome Technologies PLC, down 43% at 40.00p, 12-month range 33p-180.00p. The biodegradable plastics and advanced radio frequency systems firm warns full-year revenue will be "materially below current market expectations". Biome Technologies says a recovery in revenue at its Bioplastics division is now likely to occur later in 2024 than previously anticipated. In addition, the company highlights signs that the wider coffee packaging market in North America, to which Biome is exposed, is not as buoyant as in previous periods.
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By Sophie Rose, Alliance News senior reporter
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