5th Jul 2024 10:00
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.
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AIM - WINNERS
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Emmerson PLC, up 13% at 1.80 pence, 12-month range 1.10p-3.70p. The resource development company provides an update on activities from its 100% owned Khemisset Potash project during the second quarter of 2024. Chief Executive Graham Clarke says: "Following the positive news at the end of Q1 that our recourse application for the environmental approval had been upheld and would be referred back to the CRUI for reconsideration, we were delighted to update our ESIA to show the significant improvements brought about by the KMP optimisations in addition to the previous design optimisations. The overall environmental credentials of the project are now even more robust, and, together with the compelling economics of the KMP update, should mean that we can obtain the necessary approvals and move forward with the project swiftly."
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AIM - LOSERS
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PipeHawk PLC, down 73% at 2.27p, 12-month range 1.89p-13.00p. The provider of technology for highways and for the automotive, rail and aerospace industries says that its financial position is now "under severe financial pressure." The company says that it is now taking steps to potentially place its subsidiary QM Systems into administration. In March, PipeHawk said that QM experienced a number of challenges, including a reduction in the number of orders as well as the value of orders received. However, the company believed that it would receive two material orders. Yet, on Friday, PipeHawk said that the orders "will not be forthcoming."
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Seeen PLC, down 0.2% at 3.00p, 12-month range 1.51p-6.65p. Shares in the social media and technology company fell after being restored to trading on London's AIM. Revenue in 2023 falls to GBP2.1 million from GBP3.3 million a year earlier. Pretax loss narrows to GBP5.3 million from GBP10.7 million.
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By Sophie Rose, Alliance News senior reporter
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