27th Nov 2024 11:10
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Wednesday.
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AIM - WINNERS
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Transense Technologies PLC, up 6.1% at 191.00 pence, 12-month range 89.00p-194.90p. The sensor technology used to measure the force of vehicle components says trading in the first four months of its financial year were 48% higher annually. Transense's financial year runs to June 30. Net profit during the four months was 10% higher.
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Intelligent Ultrasound Group PLC, up 2.0% at 11.73 pence, 12-month range 6.50p-14.54p. The firm has completed all administrative steps needed for a reduction of capital to go through. Registration at Companies House in the UK is all that is left, the provider of ultrasound software says. "Once effective, the group will have the distributable reserves required to make a material return of capital to shareholders," it adds. "The group therefore expects to confirm the plans for its Simulation Business and the exact amount of money to be returned during December 2024."
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AIM - LOSERS
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Helix Exploration PLC, down 33% at 14.78p, 12-month range 10.00p-29.00p. The exploration and development firm, with assets in the US state of Montana, has completed test work on the Amsden formation. It says "sub-economic helium grades" were found. Amsden is one of three target zones at the Clink #1 well. However, Helix says is a "secondary target". Chief Executive Officer Bo Sears says: "While not the results we were hoping for from the Amsden formation, one of three reservoir targets in the Clink #1 well, there is significant opportunity within the Ingomar project from the Charles formation, where acidisation and appraisal is due to commence, and our primary target in the Flathead formation which has supported the case for the Ingomar Dome with the presence of 2.5% helium and 55% hydrogen."
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By Eric Cunha, Alliance News news editor
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