The following stocks are the leading risers and fallers on AIM on Friday.
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AIM - WINNERS
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Volvere PLC, up 13% at 1,595.00 pence, 12-month range 1,001.50p-1,595.00p. The turnaround investment firm reports improved half-year results. Revenue climbs 16% to £22.2 million in first six months of 2024, from £19.1 million a year prior. Pretax profit jumps to £2.2 million from £441,000. ‘Shire Foods’ results, as our only subsidiary, impacts significantly on how the group performs and its strong trading has been encouraging, reflecting the commitment of our management and staff,’ Volvere adds.
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Sovereign Metals Ltd, up 8.4% at 31.99p, 12-month range 20.00p-41.00p. The mining exploration and development company reports that Rio Tinto PLC now has just under a 20% stake in the firm. Sovereign Metals, which has assets in Malawi, says Rio Tinto has been issued 1.3 million shares as part of its first right of refusal on equity issues.
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AIM - LOSERS
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Pebble Beach Systems Group PLC, down 5.0% at 11.16p, 12-month range 5.50p-14.50p. For the second successive day, the stock returns some gains after a sharp advance of 18% on Wednesday. It fell 9.6% on Thursday. Wednesday’s rise came after the software company announced support for Nvidia Corp’s Holoscan for Media offering. It said at the time it would showcase its support for the Nvidia offering with Pebble’s own PRIMA media and broadcast-focused platform at the IBC2024 industry event in Amsterdam which kicks off on Friday.
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