The following stocks are the leading risers and fallers on AIM in London on Tuesday.
----------
AIM - WINNERS
----------
Gunsynd PLC, up 13% at 0.45 pence, 12-month range 0.35p-1.18p. Sydney-listed investee Charger Metals NL has received Mine Management Plan & Aboriginal Areas Protection Authority for final drill preparations at the Bynoe project in Northern Territory, Australia. Gunsynd ‘welcomes’ this development. ‘The provision of vehicle access tracks to drill sites is the immediate priority and discussions have advanced with drilling contractors around rig start dates. Charger aims to drill as many holes at the Bynoe lithium project this quarter as weather permits,’ Gunsynd adds.
----------
AIM - LOSERS
----------
Brand Architekts Group PLC, down 17% at 26.00p, 12-month range 24.17p-138.00p. The year ended June 30 was ‘turbulent and testing’ the beauty and personal care brands company says. Revenue falls 10% to £14.3 million from £15.9 million, and its pretax loss widens to £4.1 million from £1.9 million. It says its gross profit margin weakened to 32.5% from 36.9%. ‘This reflects a wide range of cost pressures felt throughout our supply chain, that we could not pass onto retailers due to previously agreed pricing commitments,’ the company adds.
----------
Applied Graphene Materials PLC, down 44% at 6.20p, 12-month range 4.82p-29.00p. While noting a media report stating the graphene materials maker is mulling an equity raise, Applied Graphene says now is not a good time to go cap-in-hand to investors. This is due to ‘unfavourable conditions in small-cap equity markets. Applied did note its finances are precarious, however. It needs additional funds to extend its cash runway beyond January 31.
----------
Copyright 2022 Alliance News Limited. All Rights Reserved.
