4th Aug 2025 10:54
(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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Westmount Energy Ltd, up 29% at 1.10 pence, 12-month range 0.40p-1.49p. Canaccord Genuity has a 0.001% stake in the oil and gas investment firm focused on Guyana-Suriname Basin as of Thursday, down from 6.87%.
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Europa Oil & Gas Holdings PLC, up 28% at 0.64p, 12-month range 0.45p-1.13p. The UK and Ireland-focused oil and gas exploration, development and production company says Antler Global has entered commercial talks and signed a non-binding head of terms with an unnamed "major" energy company to farm-out an interest in the EG-08 production sharing contract in offshore Equatorial Guinea. Europa holds a 42.9% stake in Antler, which in turn holds an 80% working interest in the EG-08 contract. The remaining 20% is held by GEPetrol, the national oil company of Equatorial Guinea. Notes that any deal would be subject to approval by the Minister for Energy for Equatorial Guinea. "The signing of these heads of terms is a very positive step forward and comes after an extensive period of negotiations with what we believe is an excellent partner," says Chief Executive Officer William Holland. "Although there are no guarantees, I am confident that we will progress to signing a farm out agreement in the coming months and will then move to drilling the Barracuda well as soon as possible thereafter. I look forward to updating the market of our progress in due course."
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AIM - LOSERS
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Tasty PLC, down 27% at 0.61p, 12-month range 0.45p-1.45p. The London-based casual dining restaurant operator raises GBP9.3 million before expenses through a placing of 1.70 billion new shares and a subscription for 150.6 million new shares, both at 0.5p per share. The issue price represents an around 14% discount to the three-month volume weighted average share price of 0.58p on July 31. The firm's retail offer, announced on Friday, for up to GBP1 million will close on Wednesday. Fundraising proceeds will be used to invest in and improve the group's existing restaurants, technology and operations, as well as for acquisitions of other restaurant brands.
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By Emily Parsons, Alliance News reporter
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Related Shares:
Westmount Engy.Europa Oil & GasTasty