2nd Dec 2025 10:55
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Tuesday.
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AIM - WINNERS
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Petards Group PLC, up 43% at 10.75 pence, 12-month range 6.5p-10.75p. Subsidiary Petards Joyce-Loebl secures a GBP2.2 million order from JV Rheinmetall BAE Systems Land to provide engineering design and obsolescence management services for the Challenger 3 upgrade programme, under which 148 main battle tanks will be delivered to the British Army. Work starts immediately and runs to end-2026. Chair Raschid Abdullah calls it the group's biggest defence engineering services order "for many years" and says it reflects PJL's long-standing expertise in military vehicle electronics.
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RC Fornax PLC, up 9.8% at 6.75p, 12-month range 5.85p-56p. Reports a "record" first quarter, securing around GBP2.5 million in total orders in the first three months of financial 2026, a 70% year-on-year increase. New work orders alone total GBP2.2 million, up more than 180% year-on-year and more than twelvefold on the previous quarter, marking the strongest quarter in the company's history. The defence-focused engineering consultancy says momentum is being driven by increased customer engagement following the UK's strategic defence review and by operational improvements implemented over the past five months. RC Fornax has won three new clients while continuing to secure extensions from existing customers, broadening its base of recurring work. The company says strengthened governance, risk management and delivery structures have improved bid responsiveness and programme execution, helping convert demand into orders. The rising volume of work is expected to translate into revenue across the remainder of financial 2026, providing enhanced visibility.
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AIM - LOSERS
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Pantheon Resources PLC, down 21% at 19.91p, 12-month range 70.7p-19.91p. Reports an USD8 million cost overrun at its Dubhe-1 well in Alaska. Final drilling and completion costs total USD33 million, above the USD25 million previously anticipated. Pantheon attributes the overspend to refined targeting decisions, contingency measures and inflation. Well clean-up continues, with around 40% of injected fluids recovered, steady gas flow and modest light-oil production. The company says a representative oil rate will only be known once clean-up is complete. Chief Executive Max Easley says: "I continue to be pleased with the ongoing safe and efficient execution of our operations to date and look forward to sharing more about Dubhe-1 results when we have them."
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By Eva Castanedo, Alliance News reporter
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Related Shares:
Pantheon Resources plcPetardsBAE SystemsRc Fornax