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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Surgical Innovations Group PLC, up 29% at 0.51 pence, 12-month range 0.36p-2.35p. The surgical and medical instrument manufacturer reports that revenues increased to £12.01 million from £11.3 million a year earlier, slightly exceeding board expectations. Pretax loss widens to £728,000 from £57,000. Also agrees two new UK distribution contracts. The first is a five-year exclusive contract with Microline Surgical Inc, Boston, US, and the second is a three-year exclusive arrangement with Peters Surgical, based in Paris, France.
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Manolete Partners PLC, up 21% at 148.25p, 12-month range 106.43p-250.00p. The insolvency litigation financing firm updates markets on financial year ended March 31. It says it has seen strong momentum and a return to profit. The company explained that this has been achieved ‘through a combination of new case investment and case completion volumes running at record highs and an increasing bias towards larger cases.’ It adds that there were 311 new case investments in financial 2024, 18% higher annually from 263.
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AIM - LOSERS
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Jubilee Metals Group PLC, down 7.2% at 6.81p, 12-month range 4.60p-9.80p. The metal processing company says its South African chrome operations delivered an ‘exceptional’ performance in the first nine months of its financial year, though its platinum output disappointed. It says chrome production rose 7.2% to 408,710 tonnes for the third quarter, which ended March 31, from 381,114 tonnes in the second quarter, despite being the quarter traditionally being known for lower production rates due to the January holiday period. Less positively, platinum group metals production dropped 18% to 8,339 ounces quarter-on-quarter from 10,131 ounces, mainly due to a reduction in available stock of lower-grade feed material, Jubilee said. ‘With robust operations in South Africa and a solid foundation for growth established in Zambia, Jubilee is well-positioned to deliver a strong Q4 performance, with production increases expected across all commodities,’ Jubilee Chief Executive Officer Leon Coetzer says.
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