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AIM WINNERS & LOSERS: Thruvision slumps as US government order scarce

2nd Oct 2023 10:15

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

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AIM - WINNERS

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Vast Resources PLC, up 26% at 0.33 pence, 12-month range 0.15p-1.10p. The mining company with projects in Romania and Zimbabwe surges after announcing it is in talks with A&T Investments Sarl, or Alpha, and Mercuria Energy Trading SA to allow further time to settle historic debt funding claims.

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AIM - LOSERS

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Thruvision Group PLC, down 17% at 24.00p, 12-month range 20.00p-32.28p. The people-screening technology provider reports it did not receive an anticipated order from US Customs & Border Protection in September, citing US federal government and department budget challenges. It adds: "Without the CBP order there will be a material impact on the group's performance in the second half and for the current financial year as a whole."

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Horizonte Minerals PLC, down 51% at 61.00p, 12-month range 60.25p-172.00p. Shares in the firm slump as it reports capital expenditure at its Araguaia nickel asset in Brazil will rise by at least 35% following a "comprehensive cost review". It cautions that first production will be delayed until the third-quarter of 2024.

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By Eric Cunha, Alliance News news editor

Comments and questions to [email protected]

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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