23rd Apr 2025 10:55
(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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Ethernity Networks Ltd, up 97% at 0.035 pence, 12-month range 0.015p-1.40p. The supplier of data processing semiconductor technology for networking appliances expects to post revenue of around USD1.4 million for 2024, down 63% from USD3.8 million in 2023. However, it anticipates a loss before interest, tax, depreciation and amortisation of USD1.4 million, narrowed from USD3.9 million a year prior. This is primarily the result of research and development expenditure for the year being reduced by 40% to USD2.5 million from USD4.2 million. Ethernity also notes it is in talks "at varying levels of advancement" with four unnamed wireless vendors, which have "expressed an interest" in the application-specific standard product in development by Ethernity. No formal deal has been made to date.
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AIM - LOSERS
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CleanTech Lithium PLC, down 24% at 8.15p, 12-month range 7.50p-54.00p. The Jersey-based lithium exploration company says its special lithium operating contract application for the Laguna Verde project has been rejected by the Chilean government, and has not been admitted into the process for direct negotiation but should instead enter a short public tender process. CleanTech Lithium intends to appeal the decision within the next five business days, as the operating contract is required for the commercial production of lithium. "We believe CleanTech can meet the criteria set out by the government. The company has made significant investments in its Chile projects through extensive drilling campaigns, pilot plant development, and detailed technical studies, while also building strong, transparent relationships with local indigenous communities," says Chief Executive Officer Ignacio Mehech.
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Serabi Gold PLC, down 17% at 144.95p, 12-month range 53.25p-186.00p. Peel Hunt LLP says Greenstone Resources II LP and Fratelli Investments Ltd have sold a total of 15.7 million shares in the Brazil-focused gold miner to institutional investors. This includes all of Greenstone's 3.9 million shares and around 11.8 million Fratelli shares. Fratelli will continue to hold a 9.9% stake. In total, just under 21% of Serabi Gold shares are placed with investors, raising GBP21.2 million at 135 pence per share. Serabi is not a party to the placing, which is run by Peel Hunt and Tamesis Partners LLP, and will not receive any proceeds.
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By Emily Parsons, Alliance News reporter
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Related Shares:
Ethernity NetCleantech LithiumSerabi