16th Nov 2022 10:48
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.
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AIM - WINNERS
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Enteq Technologies PLC, up 12% at 9.50 pence, 12-month range 7.20p - 16.00p. For the six months that ended September 30, the oil and gas drilling technology company posts a pretax loss of USD766,000, narrowed from USD1.2 million loss a year prior. Revenue more than doubles to USD4.9 million from USD2.3 million, even as cost of sales jump to USD3.5 million from USD1.5 million. Explains that Measurement While Drilling revenue was up "significantly" against the previous year thanks to activity in North America. International sales, however, were limited due to a lagging recovery and ongoing lockdowns in China.
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Ethernity Networks Ltd, up 11% at 10.45 pence, 12-month range 0.084p - 11.00p. Wins a follow-on order worth USD340,000 from an existing customer in the US. Says its data processing system-on-chip device has been selected to support the customer's second-generation fixed wireless access base station node. This follows Ethernity providing the customer with a field programmable gate array system-on-chip device for use in its first-generation product base station fixed wireless access nodes. Expects to complete the delivery of the new device by the end of the first half of 2023. The Israel-based network data processing technology provider expects more orders to follow.
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AIM - LOSERS
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Eagle Eye Solutions Group PLC, down 3.0% at 560.00 pence, 12-month range 384.00p - 675.00p. Conditionally agrees to buy Untie Nots, a French business providing retailers with AI-powered promotion and gamification software-as-a-service. Eagle Eye will pay an initial EUR15.0 million, with EUR9.1 million in cash and EUR5.9 million shares. To fund the cash element, Eagle Eye launches a share placing to raise GBP7.0 million, before expenses, at a price of 555.0 pence per share. Placing will be conducted through an accelerated bookbuild, the software-as-a-service technology firm says.
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By Heather Rydings; [email protected]
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Enteq TechEthernity NetEagle Eye