29th Jul 2025 11:12
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Tuesday.
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AIM - WINNERS
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Botswana Diamonds PLC, up 11% at 0.35 pence, 12-month range 0.45p-0.08p. The Botswana and South Africa-focused diamond explorer says it has obtained licences over four diamond targets identified by artificial intelligence. The licenses cover 2,644 square kilometres of Botswana. It says the AI analysis identified "a number of unknown or unreported anomalies". "One in particular, in the Jwaneng vicinity, ranked positively on every variable in the analyses. Today I am delighted to report that we have obtained licences over four of the diamond targets including the most prospective ground," says Chair John Teeling. "In the light of the new kimberlite prone ground, we are revising our work programme. The ground in the Jwaneng area is a high priority."
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Colefax Group PLC, up 9.9% at 829.50p, 12-month range 916.40p-745.00p. The designer and distributor of furnishing fabrics and wallpapers says profit increased in the 2025 financial year mainly due to an "exceptionally strong" final quarter Fabric Division performance in the US as customers accelerated orders in advance of tariff increases. Pretax profit increased by 15% to GBP8.9 million from GBP7.7 million a year ago, while sales increased 2.6% to GBP110.0 million from GBP107.2 million. The firm declares a final dividend of 3.1p per share, up from 2.9p, giving a total for the year of 5.9p, 5.4% higher than 5.6p a year ago. "The group has delivered another good performance which has exceeded expectations due to a very strong surge in US sales during the final quarter of the year," says Chief Executive David Green. "Whilst our core Fabric Division business continues to perform well, we remain cautious about prospects and in particular the impact of higher tariff costs, a weaker US dollar and lower Decorating Division profits."
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AIM - LOSERS
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Versarien PLC, down 27% at 0.02p, 12-month change 0.10p-0.01p. The advanced materials firm says it has not received a suitable offer for its UK Technology companies during a sales process. As a result, it expects Versarien Graphene will shortly be placed into administration and Cambridge Graphene and 2-DTech will start the process of voluntary liquidation. Versarien Korea has ceased all operations, it adds. Versarian PLC, Gnanomat and the still up for sale Total Carbide will remain, Versarien says. The company notes that this move extends its forecast runway through to the end of August to allow further time for the proposed strategic investment to be closed, though there is no guarantee it will. Should this investment not be received, Versarien says it plans to appoint Leonard Curtis to conduct an accelerated sale process of the remaining assets.
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Greatland Resources Ltd, down 19% at 267.22p, 12-month change 363.05p-99.06p. Reports June quarter production of 78,283 ounces of gold and 3,729 tonnes of copper. It says in the seven months of the financial year-to-date, gold production is 198,319 ounces while copper is 8,429 tonnes. The firm says sales generated net revenue of AUD487 million in the quarter, with an operating cash flow of AUD310 million, up from AUD297 million in the prior quarter. It guides for between 260,000 and 310,000 ounces of gold production in financial 2026. "Looking ahead to FY2026, at Telfer we are focused on continuing safe and strong operational performance. Greatland is targeting further multi-year Telfer mine life-extensions by making important reinvestments, including into the drill rig with Telfer's largest ever drilling program," says Managing Director Shaun Day.
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By Michael Hennessey, Alliance News reporter
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Related Shares:
Botswana DiamColefax Grp.VersarienGreatland Resources