11th Jun 2024 10:45
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.
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AIM - WINNERS
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Oracle Power PLC, up 16% at 0.026 pence, 12-month range 0.018p-0.15p. The energy projects developer says that the phase 2 drilling programme has now been completed at its Northern Zone Gold Project, located 25km ESE of Kalgoorlie in Western Australia. In a separate announcement, Oracle says it has acquired the Blue Rock Valley Copper and Silver project. Blue Rock is located in the Ashburton Basin in Western Australia, 165km southeast of Onslow. "I am very pleased to announce that we have completed the acquisition of this exciting copper and silver project in Western Australia, of this magnitude, that represents a great opportunity for Oracle," CEO Naheed Memon says.
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AIM - LOSERS
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Helium One Global Ltd, down 42% at 0.64p, 12-month range 0.18p-10.30p. The producer of low-carbon helium raises GBP8.0 million through placing and subscription of 1.60 billion shares price at 0.50p each. Proceeds will be utilised to complete an extended well test on Itumbula West-1 to evaluate commercial flow rates of helium prior to the development phase, as well as providing additional funds for operational contingency.
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Uru Metals Ltd, down 14% at 43.00p, 12-month range 28.50p-150.00p. Uru, the developer of Zebedelia nickel project in South Africa, sees shares fall. It says the repayment date for the convertible loan from Boothbay Absolute Return Strategies LP has been extended to the end of December.
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By Sophie Rose, Alliance News senior reporter
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