The following stocks are the leading risers and fallers on AIM in London on Thursday.
----------
AIM - WINNERS
----------
Crimson Tide PLC, up 21% at 2.49 pence, 12-month range 1.70p - 3.20p. Wins ‘significant’ contraction expansion and extension with an existing retail client, which it doesn’t name. Contract now three years, with a value of over £1 million. The mobile software firm says the contract will have ‘high-margin revenue per annum’ which ‘more than doubles’ the annual recurring revenue under the previous contract. It includes an optional break clause at twenty-four months, but Crimson Tides points out the client’s contracts with the firm have exceeded 10-years.
----------
Gfinity PLC, up 8.0% at 1.27 pence, 12-month range 0.75p - 4.01p. Appointed by the Saudi Pro-League as its exclusive esports strategy development partner. Saudi Pro-League is responsible for the management of top division professional football in Saudi Arabia, Gfinity explains. The esports and gaming solutions provider will help bring Saudi Pro-League’s virtual football gaming strategy forward and create a multi-year programme.
----------
AIM - LOSERS
----------
Landore Resources Ltd, down 14% at 14.41 pence, 12-month range 0.12p - 16.65p. Updates on the progress of its drilling and exploration programme at the Felix-Lamaune prospects at its 100%-owned Junior Lake Property in Ontario, Canada. The mining exploration and development firm completes drilling programme of 21 holes on the Felix area. Notes hole 0422-85 intersected significant palladium-enriched nickel mineralisation. Completes 11 drill holes at Lamaune, meanwhile, with assay results outstanding.
----------
Ceres Power Holdings PLC, down 8.0% at 334.12 pence, 296.00p - 1,191.00p. Announces that negotiations with Robert Bosch GmbH and Weichai Power will not conclude this year. Says that approvals for the joint venture agreement have been postponed until 2023. Explains ‘several’ commercial items require more time to be finalised between the partners. The solid oxide fuel cell developer says that all parties remain committed to the deal, however.
----------
Copyright 2022 Alliance News Limited. All Rights Reserved.
