The following stocks are the leading risers and fallers on AIM on Friday.
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AIM - WINNERS
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Strategic Minerals PLC, up 24% at 0.25 pence, 12-month range 0.080p-0.34p. The minerals production company, which has operations in the US as well as development projects in the UK and Australia, confirmed that both Charles Manners and Mark Burnett will join the board, effective September 1. Further, Manners will be elected chair at the next board meeting to be held in the first half of September. He is the beneficial holder of 4.8% of the company’s issued share capital while Burnett represents Philip Richards, who holds 4% of the share capital. Manners has been the largest shareholder in SML for a number of years, while Burnett is the director of mining investments at RAB Capital.
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AIM - LOSERS
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Vela Technologies PLC, down 5.9% at 0.0080p, 12-month range 0.0080p-0.035p. The early stage-focused technology investor said that for the quarter ended June 30, the value of its total assets declines to £2.8 million from £5.5 million in the previous quarter. Explains that this decrease was ‘entirely attributable’ to the collapse in value of Conduit Pharmaceuticals Inc, and the subsequent unrealised loss of £2.8 million. Of the rest of the listed portfolio, a profit of £8,000 was realised on investments valued at £78,000 at March 31, and there was an unrealised gain of £137,000 on the remaining £1.7 million of listed investments brought forward. No acquisitions were made during the quarter.
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