The following stocks are the leading risers and fallers on AIM in London on Wednesday.
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AIM - WINNERS
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Sound Energy PLC, up 11% at 1.99 pence, 12-month range 1.20p-3.70p. The Moroccan-focused upstream gas company reports it has issued contractor Italfluid Geoenergy Srl a ‘notice to proceed’ a project contract at the Tendrara concession in Morocco. Alongside the notice, an initial payment of $5 million has been made to Italfluid.
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MySale Group PLC, up 6.3% at 2.29 pence, 12-month range 0.015p-2.50p. Shares in the Australia, New Zealand and south east Asia-focused online retailer recover somewhat after slumping 35% on Tuesday. MySale had said revenue fell in its first half ended December 31, while supply chain difficulties hit profit.
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AIM - LOSERS
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RA International Group PLC, down 22% at 29.50p, 12-month range 27.10p-70.00p. The remote site services provider expects revenue for 2021 to fall 19% to $54 million from $64.2 million. Underlying earnings before interest, tax, depreciation and amortisation are to halve to $7 million from $14.2 million. ‘This has been a frustrating period, with client and Covid-19 related operating constraints continuing to cause inefficiencies and exceptional delays in executing projects, in tender issues, awards and in project mobilisations,’ Chief Executive Soraya Narfeldt says.
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