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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Eqtec PLC, up 68% at 3.78 pence, 12-month range 2.00p-34.00p. The thermochemical conversion technology company confirms that Banca del Fucino SpA has approved the drawdown of its €2.9 million loan facility. The facility was announced back in September. The facility will provide financing for Eqtec Italia MDC Srl, which owns the Italy Market Development Centre, located in Gallina, near Castiglione d’Orcia, Tuscany, Italy. ‘We are delighted to have achieved this significant milestone with Italia MDC. The whole team at EQTEC and Italia MDC have worked relentlessly, aligning technical, operational and commercial activities to achieve the outcome milestone. The financing by Banca del Fucino, a traditional, primary lender, indicates their confidence in our business proposition and underlines their investment strategy toward new energy solutions and supporting innovation,’ says Chief Executive David Palumbo.
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Northcoders Group PLC, up 21% at 164.00p, 12-month range 111.05p-329.00p. The software coding training provider secures further funding from the Department for Education Skills Bootcamp Dynamic Purchasing System 2 bid. This new round of funding provides Northcoders with a further £10 million to train individuals on the Northcoders ‘market-leading bootcamp’. It is deliverable over the next 18 months. CEO Chris Hill comments: ‘This contract provides us with strong visibility and dependable cash flow for the year ahead, and as such, we move into 2024 with strong confidence.’
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AIM - LOSERS
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LifeSafe Holdings PLC, down 5.7% at 16.50p, 12-month range 15.00p-55.99p. Shares in the fire safety technology business fall despite signing a new distribution agreement. It says the distribution agreement is for the supply of its Thermal Runaway Fluid to Lingjack Fire and Life Saving Pty, a fire safety business located in Singapore. ‘The distribution agreement represents a major growth opportunity for the company, providing a new and incremental revenue opportunity, as well as expansion into a significant territory,’ it says. The initial stages of the exclusive agreement will see LifeSafe’s Thermal Runaway Fluid solution added to Lingjack’s range of fire extinguishers and fixed suppression systems across Singapore, China, Malaysia, Thailand and Indonesia.
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