1st May 2025 10:13
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Thursday.
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AIM - WINNERS
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Emmerson PLC, up 19% at 2.15 pence, 12-month range 0.28p-2.6p. The Morocco-focused potash development company says it has submitted a request for arbitration to the World Bank's International Centre for Settlement of Investment Disputes. This is "with regard to various breaches, by the government of the Kingdom of Morocco and its agents, of the agreement between the government of the UK of Great Britain & Northern Ireland and the government of the Kingdom of Morocco for the Promotion & Protection of Investments". This agreement entered into force in February 2002. Emmerson says it is bringing a claim for full compensation in respect of the Khemisset potash project which it had internally valued at USD2.2 billion, and that all legal costs and "a significant portion of [general & administrative] costs" will be funded through its USD11.2 million litigation funding facility.
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GenIP PLC, up 17% at 31.5p, 12-month range 17p-38.5p. The generative AI analytic services provider announces the launch of its "new AI-powered" Competitive Intelligence Report services, which "helps organisations identify and assess leading entities in specific technologies, providing valuable insights for strategic decision-making". Also announces that it has secured its first client for the service, "a 'Big Four' accountancy firm leveraging the report to gain strategic insights into the technological capabilities and competitive landscape of target companies for potential partnerships or acquisitions". Says the service will broaden its market reach by extending its applications beyond technology commercialisation. Chief Executive Officer Melissa Cruz comments: "Beyond our established client base, we believe that the potential market size for this strategic intelligence product is substantial, encompassing not only research institutions, and IP firms but also a significant segment of corporations across diverse sectors...Our early success in securing a leading client at nearly 7X current report pricing, validates this broader market opportunity and the compelling value proposition of our AI-powered solution."
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AIM - LOSERS
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Mirriad Advertising PLC, down 81% at 0.065p, 12-month range 0.065p-2.175p. The London-based in-content advertising and virtual product placement company says its revenue was just over GBP80,000 for the first quarter of 2025, "slightly below" its expectations but "consistent with historical seasonality in Mirriad's core markets and reflects the strategic sales pivot initiated in Q4 2024". Adds that "persistent US economic volatility" was "unexpectedly disruptive" and contributed to decreased activity levels. Says cash balance is GBP2.7 million at March 31 and its monthly gross cash burn is between GBP650,000 and GBP675,000. Consequently it has been exploring options to "secure [its] financial viability" including advanced discussions regarding a possible offer, but these ceased on Wednesday. Says it is "urgently looking into alternative options" but that it may be forced to go into administration within the next week. This is "in the absence of an immediate injection of capital and in view of the current financial uncertainty".
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By Emma Curzon, Alliance News reporter
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Related Shares:
EmmersonGenip PlcMirriad Advertising