2nd May 2025 10:34
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Friday.
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AIM - WINNERS
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Gfinity PLC, up 22% at 0.0825 pence, 12-month range 0.015p-0.123p. The London-based e-sports and gaming services company updates on the deployment of its exclusive licence agreement with 0M Technology Solutions Ltd. Says it is now commercialising OM's Connected IQ technology under the licence. Adds that first revenue was received in April from campaigns and that it is currently in commercial discussions with multiple large advertising agencies to use CIQ. This would be for brand campaigns, "and also to potentially provide white labelled technology services to these agencies for use within their own proprietary technology", and Gfinity has expanded its UK and US commercial sales headcount to support this. Also, Gfinity announces the formation of new business unit Yentra.AI, of which it owns 51%, "to bring together the company's software engineering, artificial intelligence consulting and web 3 development for commercial customers". The other 49% of Yentra is owned by the management team, led by Ignatius Rautenbach. Gfinity says Yentra also provides it with "a low cost internal resource to develop further ventures in the vertical AI space to take advantage of developments in AI".
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AIM - LOSERS
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Kore Potash PLC, down 3.7% at 2.85p, 12-month range 0.525p-4.3p. The Republic of Congo-focused potash developer said on Thursday that its shares are suspended in Sydney but continue to trade as normal in London and Johannesburg. This follows its request to the Australian Securities Exchange to halt trading to facilitate the review, negotiations and agreement of the draft financing proposal and associated draft non-binding term sheets for the Kola project. Says the suspension by ASX is because Kore Potash is unable to comply with the timeline (before Thursday's market open imposed by the Australian Securities Exchange in announcing details under the term sheets. Says that contrary to ASX's view, it is "not able to comply with this requirement at present given the nature and contents of the term sheet, and ongoing review and negotiation thereof".
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By Emma Curzon, Alliance News reporter
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