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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Cornish Metals Inc, up 12% at 6.40 pence, 12-month range 5.99p-15.80p. The Vancouver-based mineral exploration company notes the recent decline in its share price. Over the last five days, the stock has plummeted 34%. Cornish Metals reassures investors and said that ‘it is unaware of any operational or corporate reason for the price movement.’
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FRP Advisory Group PLC, up 11% at 142.04p, 12-month range 105.40p-149.00p. The advisory firm says it has ‘achieved another year of strong profitable growth.’ It expects to report revenue of £128 million in the year ended April 30, up 23% annually from £104 million. Ebitda is expected to rise 37% on-year to £37 million from £27 million. FRP notes that both results exceed current market consensus. Looking ahead, CEO Geoff Rowley says: ‘Activity levels across all our locations and pillars are encouraging. As a result, we start our new financial year with confidence of making further positive progress.’
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AIM - LOSERS
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Eqtec PLC, down 19% at 1.14p, 12-month range 1.00p-22.59p. The Cork, Ireland-based thermochemical conversion technology company says no funds have been received from Verde in regards to its £1.5 million subscription agreement. Therefore, it has terminated its agreement with Verde.
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