The following stocks are the leading risers and fallers on AIM on Wednesday.
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AIM - WINNERS
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Great Western Mining Corp PLC, up 32% at 0.052 pence, 12-month range 0.030p-0.089p. Shares jump after the Nevada Division of Environmental Protection grants a new water pollution control permit to Western Milling LLC, authorising the construction, operation and closure of approved mining facilities. Western Milling is 50% owned by Great Western and has constructed a mill for processing precious metal concentrates from mining waste at Sodaville in Mina, Nevada. The permit will become effective on July 31, subject to any appeals. Accordingly, Western Milling will shortly begin the commissioning process.
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AIM - LOSERS
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K3 Business Technology Group PLC, down 7.4% at 88.00p, 12-month range 82.00p-126.00p. For the six months to May 31, the business-critical software solutions provider reports revenue from continuing operations of £15.5 million, down from £20.3 million a year prior. Pretax loss narrows to £2.8 million from £2.9 million, due to lower expenses, but loss per share widens to 6.6 pence from 6.5p in the previous year, due to a profit from discontinued operations that benefited the earlier period. Separately, names Oliver Scott as non-executive chair, replacing Executive Chair Tom Crawford.
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Angus Energy PLC, down 7.2% at 0.30p, 12-month range 0.24p-1.15p. The UK-focused onshore oil and gas developer says it has completed its annual maintenance shutdown for 2024 on schedule. Maintenance and improvement project work scopes, including the installation of compressor acoustic hoods, were delivered successfully within the scheduled five-day outage with no safety incidents and with no harm to the environment, the firm elaborates.
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