29th May 2025 10:50
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Thursday.
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AIM - WINNERS
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Blue Star Capital, up 140% at 12.00 pence, 12-month range 2.00p-800.00p. The investing company focused on esports and blockchain says investee SatoshiPay Ltd has achieved USD1 million in transaction volumes on its decentralised exchange platform Vortex since launching in Europe and Brazil. Around USD507,000 of the total volume came from transactions in May alone. Vortex enables users to swap stablecoins for local fiat currencies at "significantly" lower costs compared to current market rates. This presents a "substantial opportunity in a rapidly growing market", Blue Star says, with cross-border stablecoin payments valued at USD27 billion in 2023 and projected to reach USD137 billion by 2028.
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Pri0r1ty Intelligence Group PLC, up 93% at 4.58p, 12-month range 2.38p-11.66p. The artificial intelligence company transforming professional growth services for SMEs says it has now integrated cryptocurrency payment options, including Bitcoin, into its online onboarding process. This aims to "enhance user experience and open additional revenue opportunities to new customers who are native users of cryptocurrency," the firm says. Chief Executive Officer James Sheehan says: "The introduction of cryptocurrency payments caters to a growing demographic of tech-savvy business users and strategically positions Pri0r1ty to explore new revenue streams and enhance its treasury management policy. As Pri0r1ty Ai has already received its first customer payments in Bitcoin the group is exploring how best to manage our Bitcoin holdings for the long-term benefit of all shareholders."
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AIM - LOSERS
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Watkin Jones PLC, down 11% at 31.79p, 12-month range 17.36p-56.00p. The London-based student accommodation developer and manager swings to a pretax loss of GBP918,00 during the six months that ended March 31, from a GBP2.1 million profit the year before. Revenue declines 26% to GBP129.2 million from GBP175.1 million, primarily delivered from in-build schemes. "The board is prioritising the maintenance of financial flexibility during this period of market disruption and consequently is not declaring an interim dividend," Watkin Jones says. Chief Executive Officer Alex Pease says: "We continue to actively market and engage with investors on our development opportunities which are attracting interest, supported by the attractive fundamentals of the [student accommodation] and [build to rent] sectors in which we operate. Whilst transactional activity remains slow and subject to a continuing volatile market backdrop, we are focussed on ensuring that the group remains in the best position to exploit opportunities as conditions improve."
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By Emily Parsons, Alliance News reporter
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Related Shares:
Blue StarPri0r1ty IntWatkin Jones