The following stocks are the leading risers and fallers on AIM in London on Thursday.
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AIM - WINNERS
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Ethernity Networks Ltd, up 29% at 4.14 pence, 12-month range 0.21p-11.50p. On Tuesday, the supplier of data processing semiconductor technology for networking appliances jumps on signing an extended license contract for $475,000 with a unnamed ‘tier one US-based military aerospace customer’. It had received an advance payment of $80,000 last month, and expects payments for the contract to be received during November and December, bringing the total anticipated revenue to $555,000. ‘The company is pleased to continue its relationship with this customer and, whilst there can be no guarantees, the board believes that this extended license contract could open the door for the company to penetrate into other platforms through collaboration with the customer leading to future support and design service revenue,’ it says.
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Audioboom Group PLC, up 17% at 155p, 12-month range 130p-708p. The podcast provider reports an advertising milestone, reaching more than one billion advertising impressions. Says its Creator Network generated 1.01 billion ad impressions last month, which it credits to the strategic use of the ApRip inventory creation tool it launched in 2021. The tool enables it to automate removal of historic advertising, and replace it with new advertising when a back-catalogue episode is listened to. October saw the highest monthly revenue of 2023, it adds. ‘To create more than one billion monthly advertising impressions highlights the scale that we are developing at Audioboom. We continue to develop innovative technology that enables our creators to maximize the value of their content, while providing our brand partners with powerful advertising options,’ says CEO Stuart Last.
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AIM - LOSERS
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Southern Energy Corp, down 20% at 14.83p, 12-month range 14.82p-91.00p. The natural gas exploration and production company’s stock nears its all-time low, as it raises £4.1 million in a placing of 26.6 million shares at 15.5 pence - a 16% discount to Wednesday’s closing price. Will use the funds for to complete four drilled and uncompleted wells, which will cost around $3 million each.
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