13th Jun 2025 10:26
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Friday.
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AIM - WINNERS
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Renold PLC, up 11% at 84.04 pence, 12-month range 35.19p-85.20p. Renold agrees to a GBP186.7 million takeover by MPE. The Manchester, England-based supplier of industrial chains and related power-transmission products said the offer, which represents a 50% premium to Renold's closing price on May 19, the day before Renold revealed it had received two potential takeover proposals, has the backing of Renold's board.
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Challenger Energy Group PLC, up 9.3% at 7.92p, 12-month range 5.00p-11.00p. Pretax loss narrows to USD2.1 million in 2024 from USD19.5 million in 2023. Net petroleum revenue falls slightly to USD3.5 million from USD3.6 million. Challenger, which has assets in Uruguay, believes "multiple value-creating opportunities now lie before us". Also supporting the shares in the company is a surge in the oil price. A barrel of Brent jumped to USD73.91 Friday morning, from USD69.66 at the time of the London equities close on Thursday, after an Israeli strike on Iranian nuclear facilities.
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AIM - LOSERS
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EnSilica PLC, down 5.4% at 40.22p, 12-month range 29.01p-57.00p. Shares in the computer chip maker return some progress after a 21% jump on Thursday, when it said has struck an extended royalty agreement estimated to be worth USD28 million over the next 10 years.
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By Eric Cunha, Alliance News news editor
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Related Shares:
RenoldChallenger EnergyEnsilica