28th Apr 2025 10:09
(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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Petro Matad Ltd, up 34% at 2.15 pence, 12-month range 1.25p-4.5p. The petroleum exploration, development, and production company announces the signature of an Oil Sales Agreement for Block XX crude oil with PetroChina Daqing Tamsag, the operator of neighbouring Block XIX. Says the deal covers the storage, processing, transport and export of oil produced from Block XX. The company, which is focused on projects in Mongolia, also says invoices for production from the Heron 1 well for October 24 to March 31 will be processed for payment during May. "We are delighted to have signed the oil sales agreement for the commercialisation of Block XX production. This involved a number of firsts for Mongolia and whilst the process was slow, we are grateful to the Mongolian authorities and to PetroChina for their support," comments Chief Executive Officer Mike Buck. "We look forward to establishing a cooperative routine in the sales process in the same way that the field crews in Blocks XIX and XX have done in the production operations over the last six months and to receiving payment for all the oil produced to date during the month of May."
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European Metals Holdings Ltd, up 17% at 12.25 pence, 12-month range 5.5p-24.4p. The Czech Republic-focused mineral exploration and development company announces that the Czech selection panel of the managing authority for the EU Just Transition Fund has approved a grant to the Cinovec project worth CZK800 million or USD36 million. Says the grant is conditional on the project's environmental impact assessment being submitted by December 31 and approved by the Czech Ministry of Environment by June 30, 2026. "We welcome this final confirmation of the significant JTF grant," comments Executive Chair Keith Coughlan. "The grant funding will be utilised to fast track a number of critical path items with regards to the Cinovec project. This confirmation builds on recent project momentum, and is another clear indicator of the support the European Union and the Czech government is willing to provide to assist in getting Cinovec into production in the timeliest manner possible."
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AIM - LOSERS
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Feedback PLC, down 21% at 13.75p, 12-month range 13.75p-90p. The London-based provider of software and systems for clinical settings expects around GBP900,000 in revenue for the year ending May 31, down from GBP1.2 million the year before. Notes however that it "continues to conservatively manage its finances and remains well funded with cash and short-term investments of [GBP6.6 million as of March 31]". Company warns: "The backdrop of the merging of NHS England ("NHSE") with the Department of Health & Social Care ("DHSC"), and the drive for a 50% reduction of operational costs across NHS Trusts and Integrated Care Boards ("ICBs") at a national level, in addition to multiple changes to funding programmes being announced by the government and the NHS, have resulted in increased levels of near-term uncertainty and a delay in expected contract awards." Notes however that the elective recovery fund being rolled into wider NHS funding "provides greater contracting flexibility", and believes that "the increased financial pressures and simpler model of licensing will make its products more compelling and accessible to customers". Adds that it "continues to progress contract conversations...and remains positive about the broader environment and opportunity".
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By Emma Curzon, Alliance News reporter
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