The following stocks are the leading risers and fallers on AIM on Thursday.
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AIM - WINNERS
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Alkemy Capital Investments PLC, up 73% at 73.44 pence, 12-month range 33.50p-150.00p. Subsidiary Tees Valley Lithium achieves a ‘major step forward’ as it teams with ABG Sundal Collier ASA, its exclusive financial advisor for a proposed $25 million convertible bond and equity linked financing. Alkemy explains: ‘The financing may be carried out as one or several private placements of a convertible bond or an equity issue in the form of a private placement, rights issue, or combinations thereof. It is proposed that the convertible bond will have a mandatory conversion mechanism into ordinary shares in TVL upon a liquidity event such as an IPO or a trade sale.’ The funds will go towards the front-end engineering design for its proposed lithium refinery in Teesside, north east England.
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Silver Bullet Data Services Group PLC, up 16% at 53.30p, 12-month range 30.50p-200.00p. The provider of marketing services hails ‘record-breaking monthly revenue in September’. The outturn provides it confidence that it can be earnings before interest, tax, depreciation and amortisation positive from October. ‘The company is also pleased to announce that it has secured a new working capital facility, ensuring support for its growth strategy through FY25. The funding takes the form of a receivables backed revolving credit facility, initially for £2 million with up to £4 million available over 24 months with eligible receivables over both UK and international invoices,’ Silver Bullet adds.
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AIM - LOSERS
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Gattaca PLC, down 7.6% at 82.20p, 12-month range 82.00p-150.00p. The recruiter for companies in the technology and engineering sectors reports a decline in annual profit, despite a revenue increase. Pretax profit for the year to July 31, declines 62% to £1.7 million from £4.4 million. Revenue rises 1.9% to £389.5 million from £382.1 million.
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