30th Sep 2024 11:47
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Monday.
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AIM - WINNERS
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GreenRoc Strategic Materials PLC, up 15% at 1.55 pence, 12-month range 1.00p-5.00p. The mining company with operations in Greenland submits its application for an exploitation licence for the Amitsoq graphite project in South Greenland. Explains that the grant of an exploitation licence is "a key deliverable", as GreenRoc looks to fast-track the development of Amitsoq into a producing mine in "the shortest possible timeframe". Chief Executive Officer Stefan Bernstein adds: "Amitsoq being given "project" status under the international Mineral Security Partnership is an important endorsement of our ambition to become a major producer of graphite active anode material from our graphite mine at Amitsoq and our planned AAM production plant located at Eyde Materials Park in South Norway."
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AIM - LOSERS
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Surface Transforms PLC, down 72% at 0.40p, 12-month range 0.35p-27.95p. The producer of carbon‐ceramic automotive brake discs reports a loss before tax of GBP7.6 million for the six months ended June 30, widened from GBP5.6 million a year prior. Revenue rises 58% to GBP4.7 million from GBP2.9 million, while cost of sales increases to GBP2.1 million from GBP1.1 million. Expects third quarter revenue of GBP2.7 million, representing an improvement over the second quarter, but significantly behind plan. For the fourth quarter, expects revenue of GBP3.5 million, 40% lower than planned. Expected revenue for the full-year is GBP11 million, which is "significantly" under current market guidance of GBP17.5 million.
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By Holly Beveridge, Alliance News senior reporter
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