17th Aug 2023 10:37
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.
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AIM - WINNERS
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Thor Energy PLC, up 8.7% at 0.24 pence, 12-month range 0.17p-0.7p. The uranium and vanadium explorer receives all approvals necessary for drilling at its 100%-owned Wedding Bell and Radium Mountain projects in Colorado, US. The approvals allow it to begin follow-up drilling from its successful programme in 2022 at the two projects located in the historic uranium-vanadium mining district within the Uravan mineral belt. Drilling is earmarked to start in September, Thor Energy says, with drill site preparations to begin "in readiness for drilling".
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Windward Ltd, up 9.8% at 45p, 12-month range 33p-84.9p. The maritime AI company says revenue in the half-year to June 30 rises 18% year-on-year to USD12.8 million from USD10.9 million. Pretax loss narrows to USD5.7 million from USD9.9 million. Says trading momentum has continued into the second half, with annual contract value and revenues tracking in line with its expectations. "With a clear path to achieving positive [earnings before interest, tax, depreciation and amortisation], we continue to focus on the careful management of costs while continuing to deliver on our multiple strategic revenue opportunities," it says.
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AIM - LOSERS
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Tremor International Ltd, down 29% at 179.34p, 12-month range 166.25p-386.4p. The New York-based advertising technology company swings a first-half pretax loss of USD24.7 million from a profit of USD28.8 million a year before, on flat revenue of USD156.0 million, little changed from USD156.7 million. The loss stems from higher operating costs which jump to USD148.4 million from USD97.5 million, and the lack of revenue growth. Lowers annual guidance for 2023 to a contribution excluding traffic acquisition costs of between USD320 million to USD330 million, compared to guidance of USD400 million previously. Also cuts guidance for adjusted Ebitda to a range of USD85 million to USD95 million, from the prior guidance range of USD140 million to USD145 million.
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By Elizabeth Winter, Alliance News senior markets reporter
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