The following stocks are the leading risers and fallers on AIM in London on Monday.
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AIM - WINNERS
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Mirriad Advertising PLC, up 23% at 2.16 pence, 12-month range 1.80p-2.30p. The provider of in-content advertising technology strikes a deal with TripleLift Inc, an operator of supply-side digital advertising platform. As part of the pact, TripleLift will facilitate automated selling of Mirriad’s in-content ad inventory into leading media buying platforms such as Google’s DV360. Mirriad Chief Executive Officer Stephan Beringer says: ‘We are a key step closer towards a ’plug-and-sell’ proposition which will accelerate adoption and scaling. Working with TripleLift... means Mirriad can offer existing and new content partners an integrated programmatic solution.’
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Cora Gold Ltd, up 20% at 2.10 pence, 12-month range 1.80p-2.20p. The West African focused firm says an exploration drill programme at its Madina Foulbe gold area in Senegal will begin ‘shortly’. The permit forms part of the wider Kenieba asset. CEO Bert Monro says: ‘The geological team is excited about the project’s geological potential given its proximity to several operating mines, while Senegal’s favourable mining jurisdiction and successful project development history further enhance its prospects.’
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AIM - LOSERS
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Quiz PLC, down 6.1% at 5.26p, 12-month range 4.58p-16.50p. A weak share price run for the Glasgow, Scotland-based fashion retailer shares continues. Late last month, Quiz said Tarak Ramzan stepped down as chief executive with immediate effect. Tarak founded the company and is also its largest shareholder. ‘Tarak will remain available to the business as required, to ensure a smooth handover of responsibilities. Tarak remains a highly supportive shareholder in the business,’ Quiz added. Chief Commercial Officer Sheraz Ramzan took over as CEO. Quiz also said its UK sales continued to be ‘impacted by subdued levels of traffic both in-store and online’. Between the start of 2024 up to February 29, sales fell 9% on-year to £8.6 million. Sales since the start of its financial year on April 1 until the end of February fell 12% annually to £74.4 million. Shares in Quiz suffered a 10% fall on March 28, and since then, the stock has lost another 1.7%.
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