19th May 2025 11:21
(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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Oriole Resources PLC, up 19% at 0.25 pence, 12-month range 0.14p-0.42p. The exploration firm focused on west and central Africa reports "positive" drilling results from its 90%-owned Mbe gold project in Cameroon. Results "demonstrate the potential for narrower zones of high-grade gold mineralisation" within zones at the asset.
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SDI Group PLC, up 3.3% at 70.25p, 12-month range 46.00p-76.00p. The "buy and build" firm, focused on the manufacture of lab equipments, sensors and scientific products, expects results for the year to April 30 to be in line with current market expectations. It hails "strong trading over the second half". It offsets a slow start to the financial year. SDI does not expect a "material" tariff hit. "Approximately 10% of revenues in FY25 were generated from sales directly to the US, and the introduction of tariffs on products sold to the US is not expected to have a material impact on the group," it adds.
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AIM - LOSERS
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Panthera Resources PLC, down 13% at 15.56p, 12-month range 4.57p-21.00p. The stock trades choppily on Monday, initially rising and hitting this 12-month high, before weakening as the morning wore on. It says its Australian subsidiary has formally filed a claim seeking USD1.58 billion in damages from the Republic of India, alleging breaches of a bilateral investment treaty related to its stalled Bhukia gold project. Indo Gold Pty Ltd, or IGPL, has submitted a memorial to the arbitral tribunal overseeing the case, in line with a prior order requiring filing by May 16. The claim amount is net of Indian taxes. IGPL contends that India violated the 1999 agreement between the government of Australia and the government of India on the promotion and protection of investments.
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By Eric Cunha, Alliance News news editor
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Related Shares:
Oriole ResourcesSDI GroupPanthera Res.