7th Jan 2026 11:15
(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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Galantas Gold Corp, more than doubles to 27.06 pence from 10.25p, 12-month range 36.00p-2.00p. The firm agrees to buy a 100% ownership interest in the Andacollo Oro gold project, located in the Coquimbo region of central Chile. The project is a past-producing, large-scale open pit heap leach gold operation with existing infrastructure, permits and historical technical data. Galantas says the acquisition represents a "significant strategic step". The total cash consideration payable under the agreement is USD32.0 million. This includes USD4.5 million in cash on closing. The controlling shareholder of the owner of the project will receive 91.3 million Galantas shares, representing around 20% of Galantas, subject to approval. "This transaction represents a clear step-change in the scale and profile of Galantas. The acquisition of the Andacollo Oro gold project fundamentally repositions the company, adding a large-scale, past-producing gold asset with existing infrastructure, permits, and a deep technical database in one of Chile's most established mining districts," says Chief Executive Officer Mario Stifano.
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ECR Minerals PLC, up 21% to 0.38p, 12-month range 0.39p-0.16p. The Australia-focused gold exploration and development company secures a team to start initial mining operations at the Raglan alluvial gold project in Queensland, Australia. It expects initial gold production to start before the end of January, marking its transition into a revenue-generating gold producer. "Securing our operating team is the final major step to bring the Raglan Project into production, and I am thrilled that we can now set a clear expectation of initial gold production before the end of January 2026. This is a pivotal moment in ECR's journey," says Chair Nick Tulloch.
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AIM - LOSERS
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Engage XR Holdings PLC, down 26% at 0.35p, 12-month range 2.54p-0.35p. The Waterford, Ireland-based virtual reality technology company expects to report revenue of EUR1.9 million for 2025, down from EUR3.4 million, due to delays in contracts being signed and lower than expected enterprise sales and renewals during the year. It expects to report an earnings before interest, tax, depreciation and amortisation loss of EUR2.4 million, narrowed from EUR4.0 million a year ago, as it focused on "operational efficiencies and strong cost control". "Overall, 2025 was another challenging year for the company across multiple fronts due to continued headwinds, especially from the erosion of the enterprise client renewals. The board recognises the need to deliver improved performance for our shareholders over the long term and therefore as a board we will continue to explore initiatives to deliver on this objective," says Chief Executive Officer David Whelan.
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Directa Plus PLC, down 19% at 10.89p, 12-month range 21.00p-5.50p. The graphene product maker with operations in Lomazzo, Italy expects to report revenue of EUR7.0 million for 2025, up from EUR6.7 million a year ago. It expects an adjusted loss before interest, tax, depreciation and amortisation of EUR2.5 million, narrowed from EUR3.6 million a year prior. "Entering [financial 2026], Directa has a growing pipeline of opportunities across its targeted end markets, supported by advanced customer discussions, established product performance and increasing recognition of the value to customers from adopting Directa's technology and products," the firm says. Non-Executive Chair Richard Hickinbotham will step down at the end of January at the end of his nine-year tenure. CEO Giulio Cesareo will take on the chair role on an interim basis. Directa Plus says the CEO succession process is being progressed. "FY25 has been a year of transition for Directa. Alongside revenue growth and a significant improvement in Ebitda performance, we have strengthened our technology platform, sharpened our operational focus and taken decisive steps to improve efficiency across the group," says CEO Cesareo. "With a stronger balance sheet and a growing opportunity pipeline, we enter FY26 focused on execution, value creation and the disciplined monetisation of our core intellectual property and securing requisite founding that will be needed in FY26 to support our future growth."
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By Michael Hennessey, Alliance News reporter
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Related Shares:
ECR MineralsEngage XrDirecta Plus