24th Apr 2025 11:00
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Thursday.
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AIM - WINNERS
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Metals One PLC, up 24% at 17.19 pence, 12-month range 1.76p-32.00p. Agrees to acquire the Squaw Creek uranium project and the Uraven Belt uranium-vanadium project, in Wyoming and Colorado respectively. The acquisition of 112 claims in historic uranium-producing regions marks the company's first North American assets, targeting critical minerals essential to US clean energy generation, grid storage and energy security. Metals One will purchase the claims from 1491434 BC Ltd, a company incorporated in British Columbia, for USD100,000 in cash and the issue of 1.0 million new Metals One shares at a 5% discount to the average share price in the five days before signing the deal's term sheet. Metals One has been granted a 30-day exclusivity period for the proposed acquisition. "Building on our core assets in northern Europe, this move into two of America's historic mining districts is a logical step that broadens our commodity exposure and positions us at the heart of the clean energy supply chain," says Chair Craig Moulton. "Uranium and vanadium are critical to enabling the energy transition - uranium fuels the zero-carbon nuclear power that is seeing a renaissance to meet climate targets, and vanadium is an emerging battery metal poised to play a major role in grid-scale energy storage. These acquisitions give Metals One a strategic foothold in the US at a time when domestic sourcing of these minerals has become a national priority."
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AIM - LOSERS
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RWS Holdings PLC, down 41% at 68.25p, 12-month range 68.60p-212.00p. The technology-enabled language services provider expects revenue for the six months that ended March 31 to be around GBP344 million, which would be down 1.8% from the year before. Adjusted pretax profit is expected at around GBP17 million for the six-month period, 63% lower than GBP46 million a year prior. This is partly due to "weaker" performance in the life sciences segment of its Regulated Industries arm, as well as initial transition costs are clients are onboarded on to new automated delivery models, the firm said. Looking ahead, RWS anticipates "modest" single digit organic constant currency growth for its financial year due to end September 30, which is in line with previous guidance. RWS is due to release its half-year results on June 17.
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Somero Enterprises Inc, down 18% at 201.11p, 12-month range 190.00p-375.50p. Forecasts revenue of around USD105.0 million for 2025, lowered from a previous market consensus estimate of USD113.6 million and down 3.8% from USD109.2 million in 2024. This is a result of the "challenging selling environment in the US, where elevated interest rates remain the primary factor causing project delays and pauses, alongside broader macroeconomic pressures", Somero explains. Earnings before interest, tax, depreciation and amortisation are now estimated at USD24.0 million, compared to a prior consensus estimate of USD28.6 million. Adjusted Ebitda in 2024 was USD27.7 million. Somero says trading for the first quarter that ended March 31 was "weaker than expected", as uncertainty around the timing of projects starts or resumptions are impacting capital investment decisions. Chief Executive Officer Tim Averkamp says: "Somero has successfully navigated challenging market conditions many times before, and we are taking measured, proactive steps to do so again. Our flexible operating model allows us to respond decisively to near-term uncertainty while continuing to invest in product innovation and other strategic initiatives that underpin future growth."
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By Emily Parsons, Alliance News reporter
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Related Shares:
RWS HoldingsSomeroMetals One