The following stocks are the leading risers and fallers on AIM in London on Monday.
----------
AIM - WINNERS
----------
Springfield Properties PLC, up 5.9% at 99.50 pence, 12-month range 50.00p-105.00p. The Scotland-focused builder of private and affordable housing has signed a collaboration deal with BDW Trading Ltd, the principal operating subsidiary of Barratt Developments PLC. Under the terms of the agreement, Barratt will help to develop Springfield’s Durieshill site, creating a new village near Stirling. Barratt will, in consideration for half of the land at Durieshill, provide and fund the infrastructure development for the entire site. It also has made a cash payment of £10 million to Springfield. Barratt shares were up 0.9% to 507.70p.
----------
Mosman Oil & Gas Ltd, up 14% at 0.025 pence, 12-month range 0.010p-0.065p. The oil exploration, development, and production company, which operates in the US and Australia, has bought a 10% working interest in a helium project in Las Animas County, Colorado, from Vecta Oil & Gas Ltd. The price tag is $500,000, to be paid in instalments of $50,000 per month for 10 months. This is expected to be funded from a combination of existing cash and proceeds from the realisation of oil and gas assets. Vecta will own the remaining 90% working interest and will operate the project.
----------
AIM - LOSERS
----------
Beacon Energy PLC, down 79% at 0.012p, 12-month range 0.010p-0.28p. The oil and gas company said that the SCHB-2 sidetrack in Erfelden field was kicked off from the original well bore, and that the well will be temporarily shut-in to allow the rig to be demobilised. During this time, pressure build-up data will be obtained to better inform Beacon’s understanding of the reservoir response. Once the rig has left the drilling site, remedial actions will be undertaken, and the well will be reconnected to the Schwarzbach facility to allow well clean-up and a long-term flow rate.
----------
Copyright 2024 Alliance News Ltd. All Rights Reserved.
