9th Oct 2025 10:20
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Thursday.
----------
AIM - WINNERS
----------
Petro Matad Ltd, up 36% at 1.125 pence, 12-month range 0.71p-2.55p. The Mongolia-focused petroleum exploration, development and production company says testing at the Gazelle-1 well exceeds expectations. Says first period had the well flowing at a stabilised rate of 160 barrels of oil per day on a 1/8 inch choke. Second flow period produced 300 bopd on a 3/16 inch choke and around 460 bopd on a 1/4 inch choke. Gazelle-1 will now be completed for production, which Petro Matad aims to start before the end of this month. Also, the installation of the beam pump and temporary offloading facilities is complete at Heron-2. Pumping started on Monday. Finally, the Heron-1 production facility's connection to the national electricity grid is complete. "We are delighted that the results from the Gazelle-1 well test have exceeded our expectations and we are now prioritising getting the well onstream as it shows the potential to significantly increase our daily production and revenue," says Chief Executive Mike Buck.
----------
Alien Metals Ltd, up 16% at 0.18 pence, 12-month range 0.0625p-0.28p. The Australia-focused mining company announces the start of the phase 2 diamond drilling campaign, at the Elizabeth Hill silver project in Western Australia's Pilbara region, by its joint venture partner West Coast Silver Ltd. Elizabeth Hill is operated by West Coast Silver with Alien retaining a 30% free-carried interest through to a decision to mine. Executive Director Belinda Murray says Alien is "delighted", commenting: "The decision to bring forward the programme demonstrates the strong technical and continued operational momentum at the project following the exceptional silver grades achieved earlier this year. This campaign builds on the first phase results and is another key step in advancing the Elizabeth Hill project toward defining the extent of the high-grade silver system." West Coast Silver says the programme, with drilling commencing on Friday, follows multiple bonanza-grade intercepts from phase 1. Phase 2 "aims to test near-surface high-grade mineralisation, and prospective areas down plunge of the historical workings with mineralisation open at depth," and will comprise approximately 1,300 metres across 14 holes. "This will be expanded as required based on the success of the programme," West Coast says. Also, a roughly 3,000-metre air core programme targeting near-mine anomalies is set to begin in November.
----------
AIM - LOSERS
----------
Intercede Group PLC, down 11% at 157p, 12-month range 127.5p-200p. The Leicestershire, England-based cybersecurity software company expects revenue for the six months ended September 30 to be approximately GBP8.2 million, down 3.9% or 4.2% at constant exchange rates from GBP8.5 million the previous year. Says it experienced temporary delays in some contract awards, mainly from the US federal market, which alongside adverse exchange rate movements and changes in revenue mix have affected second-quarter USD revenue in particular. Says however that elements of its revenue showed encouraging growth, underlying its positive momentum. Licence revenue increased 66% to GBP1.4 million. Also, Intercede "still saw good progress in contract and renewal orders" totalling around USD3.2 million during the second quarter. "Over 95% of these orders were received via our partners highlighting the strength of the group's partner network," Intercede says.
----------
By Emma Curzon, Alliance News reporter
Comments and questions to [email protected]
Copyright 2025 Alliance News Ltd. All Rights Reserved.
Related Shares:
Petro MatadAlien MetalsIntercede