5th Aug 2024 12:00
(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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Image Scan Holdings PLC, up 2.7% at 1.90 pence, 12-month range 1.00p-2.48p. Stuart Packwood cuts its stake in the x-ray screen system supplier down to 2.8% as of July 18 from 6.2%.
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Cordel Group PLC, up 2.4% at 4.56p, 12-month range 3.10p-6.50p. The company, whose flagship platform uses artificial intelligence to supply transport corridor analytics, extends its relationship with Amtrak through the award of a contract to provide a comprehensive assessment of Amtrak's Metro-North corridor. Metro-North serves the New York Metropolitan Area, running services between New York City and its northern suburbs in New York and Connecticut. "The contract extension builds upon Cordel's ongoing work with Amtrak and aims to enhance safety and efficiency on this critical rail line. The expansion includes detailed centerline information for Metro-North rail lines, thorough assessment of structure clearances, and evaluation of passing clearances," Cordel explains.
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AIM - LOSERS
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UK Oil & Gas PLC, down 21% at 0.068 p, 12-month range 0.013p-0.52p. UK Oil & Gas says it has raised GBP1.0 million through a placing of shares priced at 0.05 pence each. The issue price represents a discount of 37% to the closing price of 0.08p on Friday. In addition to the placing, the company is planning a retail offer. UK Oil says the proceeds will be directly employed to further specific activities required to materially advance the company's hydrogen storage projects. Specifically, it will permit the company to initiate essential new studies. CEO Stephen Sanderson comments: "The funding, together with the support from leading UK energy and hydrogen-space infrastructure players, RWE, Sumitomo and SGN, means we can now materially advance our nationally significant projects towards the goal of a competitive Revenue Support application. It will also greatly help us to secure at least one major strategic partner as a joint venture participant and to enhance our lobbying efforts with our new Labour government, who to date seem motivated and committed to making hydrogen and its storage a fundamental part of Britain's renewable superpower ambition."
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By Sophie Rose, Alliance News senior reporter
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