The following stocks are the leading risers and fallers on AIM in London on Friday.
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AIM - WINNERS
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UK Oil & Gas PLC, up 17% at 0.027 pence, 12-month range 0.020p-0.13p. The exploration and production company says that all required explosives permits for the deployment of the new seven-inch perforating guns have now finally been secured. The equipment is thus fully ready to be transported to site. UK Oil & Gas says it is now liaising with the operator AME to schedule a firm date for the resumption of testing operations.
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Arkle Resources PLC, up 8.6% to 0.38p, 12-month range 0.24p-0.75p. The exploration company says it has been awarded two exploration licences in the Makgadikgadi salt pans in north-eastern Botswana. licences PL 075/2023 and PL 0148/2023 were awarded to prospect for lithium in the salt pans. The licences cover 312 and 525 square kilometres respectively in size. ‘We now have three lithium exploration projects, one in Ireland, one in Zimbabwe, both hard rock, and now in Botswana which is a lithium brines project,’ says Chair John Teeling. ‘Initial work will focus on analysis of the very limited exploration data, followed by prospecting to identify targets for drilling.’
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AIM - LOSERS
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Getech Group PLC, down 27% at 5.30p, 12-month range 5.02p-18.10p. The geo-energy and green hydrogen company says its client base, 85% of which is based outside of the UK, has been showing a ‘growing level of caution’ due to economic and geopolitical instability. Getech says this has pushed a number of projects initially expected to begin before the end of 2023 into 2024. As a result, Getech has warned that sales for the full year are not expected to surpass £4.4 million, down 14% from £5.1 million in 2022.
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XLMedia PLC, down 14% at 6.34p, 12-month range 5.86p-24.75p. Shares in the London-based global digital media company fall, after announcing that revenue for 2023 would fall shy of previous years. It says that a ‘change in the revenue profile’ of its north-American activities had been caused by, among other things, the exit of XLMedia’s major partner Barstool from the market. The group’s revenue for the full year is now expected in the range of $50.0 to $52.0 million, down from $71.8 million in 2022. The group also predicted adjusted earnings before interest, tax, depreciation and amortisation of $12 million to $14 million, down from $17.8 million in 2022.
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