21st Jul 2025 11:34
(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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Wishbone Gold PLC, up 10% at 0.64 pence, 12-month range 0.090p-1.15p. The miner with projects in Western Australia begins drilling operations at its Red Setter Gold Dome project. "Access routes have now been opened, and the drillers have mobilised to site and established the necessary site works to drill," explains Western Australia Director Ed Mead. "As of yesterday, the rig was over the first of two drill holes that are to be deepened from around 300 metres depth down to around 550 metres target depth and had successfully run casing to near the bottom of the first hole. We expect further drilling towards the new target depths in the days ahead."
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Caledonian Holdings PLC, up 23% at 0.0034 pence, 12-month range 0.0020p-0.0060p. The Edinburgh-based property investor and developer calls a general meeting for August 6 to approve its share placing. Caledonian on Tuesday last week said it intends to raised GBP1.1 million before expenses through the placing of nearly 30 billion new shares at 0.0035 pence per share. The placing will nearly double Caledonian's total number of shares. The company currently has a market capitalisation of GBP1.1 million. The proceeds will be used to accelerate the company's investment strategy in the financial services sector, to strengthen its executive team, and for general working capital.
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AIM - LOSERS
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Verici Dx PLC, down 43% at 0.50p, 12-month range 0.50p-8.50p. The Cardiff, Wales-based developer of advanced clinical diagnostics for organ transplants intends to raise around GBP5 million through a placing and subscription at 0.5 pence per share. This represents a 43% discount to the stock's closing price on Friday. The firm will run a separate retail offer to raise up to a further GBP500,000 before expenses. Proceeds will be used to fund the development and scale up of post-transplant rejection test Tutivia, as well as to fund product development for the company's urine platform and Protega.
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Empyrean Energy PLC, down 11% at 0.097p, 12-month range 0.017p-0.55p. The oil and gas development firm focused on the Duyung production sharing contract offshore Indonesia raises GBP1 million before costs through a placing of 1.25 billion new shares at 0.08 pence per share. Funds will be used for development costs for the company's 8.5% interest in the Mako gas field and for general working capital. "Empyrean is delighted with the continued support being shown for the Mako project," says Chief Executive Officer Tom Kelly. "We have taken the prudent step in bolstering our cash position now that the major milestone of a gas sales agreement with PLN Pesero, the Indonesian government owned utility company, has been signed following the earlier directive for Mako gas to be used for domestic supply. Indonesian demand for energy is experiencing strong growth and natural gas is replacing coal for this transition."
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By Emily Parsons, Alliance News reporter
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Related Shares:
Verici DxEmpyreanWishboneCaledonian Hold