17th Oct 2025 11:03
(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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Steppe Cement Ltd, up 2.8% at 18.5p, 12-month range 13.5p-21p. The Kazakhstan-based cement producer reports third-quarter revenue of KZT18.28 billion, or around USD34.1 million, up 21% from KZT15.09 billion a year earlier, driven by higher sales volumes and pricing. Nine-month revenue rises 28% to KZT39.00 billion, with sales volumes increasing 16% to 1.6 million tonnes. Steppe Cement ends the period with USD14 million in cash, part of which will be used for growth capex. The company plans to restructure a USD27 million intercompany loan into a listed bond to provide flexibility for future financing and says its market share remains steady at 14–15%.
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AIM - LOSERS
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Mosman Oil & Gas Ltd, down 27% at 0.0235p pence, 12-month range 0.0205p-0.0685p. The helium, hydrogen and hydrocarbon explorer raises GBP1.7 million through a placing of 7.41 billion new shares at 0.0225 pence each to progress its US helium assets toward drill-ready status. The funds will support exploration activity at the Sagebrush and Coyote Wash projects in Colorado, including 3D seismic acquisition, well testing, and resource validation work. Mosman also plans a retail offer of up to GBP500,000 to allow shareholder participation. Chair Carl Dumbrell says the raise provides the capital needed for an "exceptionally active period" as the company prepares for further development and testing across its Colorado portfolio.
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Focus Xplore PLC, down 19% at 0.0425p, 12-month range 0.0325p-0.0725p. The critical minerals exploration and development company raises GBP387,000 through an oversubscribed placing to accelerate its artificial intelligence–driven exploration strategy in Ontario, Canada. The funding supports the launch of the new "Focus Xplore AI Discovery Engine" in partnership with Planetary AI, which has identified prospective lithium, rare earth and uranium targets across underexplored terrains. Directors also subscribe for GBP40,000 of shares in lieu of salary and fees. Chief Executive Officer Patrick Cullen says AI technology is "central to our model," enhancing efficiency and de-risking mineral targeting as the company expands its work across more jurisdictions.
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By Eva Castanedo, Alliance News reporter
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Related Shares:
Mosman Oil & GasFocus XploreSteppe Cement