The following stocks are the leading risers and fallers on AIM in London on Tuesday.
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AIM - WINNERS
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Kefi Gold & Copper PLC, up 8.9% at 0.69 pence, 12-month range 0.51p-1.23p. The Ethiopia-focused gold and copper company says the National Bank of Ethiopia has published a new directive which satisfies the request made to ensure conformity with the specific detail of its Tulu Kapi gold project in western Ethiopia. It says the NBE directive was published on Friday last week and marks one of the final action points remaining towards completion of the financing of Tulu Kapi. Further announcements will be made in ‘due course’, Kefi Gold & Copper says, as it remains on track for project launch in the fourth quarter of 2023.
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Oracle Power PLC, up 8.6% at 0.095p, 12-month range 0.080p-0.30p. The energy projects developer says it completed a technical and commercial feasibility study for its green hydrogen and green ammonia project in Pakistan. It is targeting a 400 megawatt capacity green hydrogen production facility with annual production of 55,000 tonnes of green hydrogen at the project located in southern Pakistan. It expects the project, which is being developed by joint venture firm Oracle Energy Ltd, to deploy 700 megawatts of solar power and 500 megawatts of wind power to produce green hydrogen.
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AIM - LOSERS
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Ocean Harvest Technology Group PLC, down 15% at 12.17p, 12-month range 12.00p-27.00p. The producer of seaweed ingredients for animal feed reports that revenue rises to €1.8 million from €1.2 million a year ago. However, pretax loss widens to €2.2 million from €1.3 million. ‘At our maiden set of interim results I am pleased to say that OHT has begun to deliver on its objectives set out at its IPO in April. We are continuing to strengthen our global sales team and build out our supply chain,’ says CEO Mark Williams.
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