13th Nov 2025 11:04
(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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WH Ireland Group PLC, up 88% at 2.75 pence, 12-month range 0.4p-3.1p. Receives an indicative, non-binding all-share proposal from Team PLC, offering 0.195 of a Team share for each WH Ireland share. The board is evaluating the possible offer with its advisers and says there is no certainty a firm bid will follow. Under the UK Takeover Code, Team has until December 10 to announce a firm intention to make an offer or walk away, WH Ireland says. Follows last month's shareholders vote rejecting the proposed GBP1 million sale of its wealth management business to Oberon Investments Group PLC. They also rejected a proposed delisting from the AIM market in London.
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Ariana Resources PLC, up 6.9% at 1.55p, 12-month range 0.95p-2.7p. Reports drill results from the Tavsan Mine in western Turkey, where the company holds a 23.5% interest. Assays from 71 holes at the North Zone confirm extensions of mineralisation beyond the current JORC resource, both at depth and along strike. The North Zone is expected to become the next open pit at Tavsan, where drilling is also continuing in the Main and South zones. A JORC resource update will follow completion of the wider 15,000-metre programme, targeted for Q3 2026. Managing Director Kerim Sener says: "This is an excellent set of drilling results from the ongoing Tavsan diamond drilling programme. These results relate to the drilling recently completed in the Tavsan North zone, which will become the next open pit to be developed for the mine. The new data confirms our understanding of the geology and demonstrates the continuity of some higher-grade zones in this area. This is expected to facilitate an expansion of the Resource and ultimately the reserve in this area."
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AIM - LOSERS
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Touchstone Exploration Inc, down 36% at 7.15p, 12-month range 7.15p-32p. Posts a drop in third quarter sales to USD12.7 million from USD13.3 million, with average quarterly production dropping to 5,141 barrels of oil per day from 5,211 barrels a year earlier. The company forecasts 2025 output to decline to around 4,700 barrels per day from roughly 5,000 barrels from its revised guidance disclosed in October. Funds flow from operations fall sharply to USD700,000 from USD3.0 million a year earlier. Touchstone reports a USD2.1 million net loss, compared with profit of USD1.9 million a year prior. The company continues with its Cascadura development programme and says the Cascadura-5 well came online on November 1, though without the high initial rates seen previously. Touchstone is preparing to drill its next well at the Central block, with any successful results expected to be tied into the natural gas facility in early 2026. CEO Paul Baay says: "Third quarter production reflected strong performance from the Central field and the stabilisation of existing wells at both Cascadura and Coho, with legacy oil production continuing to underpin our low decline rates."
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PetroTal Corp, down 32% at 25p, 12-month range 25p-40.5p. Rports third-quarter total sales of 1.7 million barrels, down from 1.9 million in the prior quarter but higher than 1.4 million a year earlier. Average quarterly sales were 18,028 barrels of oil per day, with production averaging 18,414 bopd. Net income for the period is USD3.6 million, a USD13.9 million decline from Q2, as the company faces operational and financial headwinds while finalising its 2026 budget. PetroTal suspends its quarterly dividend, citing business challenges and the need to preserve financial flexibility. The company says it will revisit shareholder returns once conditions improve and the upcoming budget is complete. CEO Manuel Pablo Zuniga-Pflucker says: "Although this was a difficult decision, we believe it is prudent to preserve liquidity as we evaluate the optimal development plan for the Bretana field."
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By Eva Castanedo, Alliance News reporter
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Related Shares:
WHIrelandTeamArianaTouchstone ExplorationPetroTal