26th Nov 2024 11:08
(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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Quadrise PLC, up 83% at 4.20 pence, 12-month range 1.14p-4.50p. The company signs shipping sector-focused trial agreement with MSC Shipmanagement Ltd and Cargill NV. The energy technology company and supplier of MSAR emulsion technology fuel says the deal paves "the way for the long-awaited vessel trials on board the MSC Leandra" container ship. "Quadrise, MSC and Cargill have agreed their respective obligations under which the company's fuels, bioMSAR and MSAR, will be produced at the MAC2 facility in Antwerp, Belgium using feedstocks supplied by Cargill and then sold by Cargill to MSC for the trials," Quadrise explains. "Upon successful conclusion of the Trials, MSC, Cargill and Quadrise will negotiate and enter into a definitive long-term commercial agreement."
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Oracle Power PLC, up 27% at 0.015p, 12-month range 0.012p-0.045p. The Australia and Pakistan-focused projects developer says final assay results from the Northern Zone asset "include significant high grade gold intercepts". The asset is located in Western Australia. Oracle Power also has copper and renewable energy assets.
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Accsys Technologies PLC, up 13% at 48.60p, 12-month range 42.40p-64.25p. The wood building products manufacturer expects annual results to be "significantly ahead of market consensus". It puts consensus for adjusted earnings before interest, tax, depreciation and amortisation at EUR7.6 million. In the half-year to September 30, revenue rises 1.4% to EUR72.2 million from EUR71.2 million. Its pretax loss, however, stretches to EUR26.2 million from EUR13.1 million. Hurting its bottom line, "other operating costs" amount to EUR40.3 million, rising 31% on-year from EUR30.7 million. Those costs include exceptional items, administration costs, impairments, depreciation and amortisation.
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AIM - LOSERS
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IG Design Group PLC, down 11% at 111.88p, 12-month range 106.00p-240.00p. The designer and manufacturer of celebration products, including greeting cards, gift wrap, Christmas crackers, gift bags, and partyware expects tricky market conditions in the first half of its financial year to continue in the second. Revenue in the half year to September 30 falls 11% to USD393.1 million from EUR444.1 million a year prior. Pretax profit slumps 62% to USD13.3 million from USD34.8 million.
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By Eric Cunha, Alliance News news editor
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