The following stocks are the leading risers and fallers on AIM on Tuesday.
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AIM - WINNERS
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Pantheon Resources PLC, up 18% at 27.74 pence, 12-month range 14.20p-45.50p. The company finds ‘a large light liquids hydrocarbon column’ from work at the Megrez-1 well in Alaska’s North Slope. ‘This is an excellent result, justifying our assessment of both the geological chances of success and the likelihood of encountering commercially viable resources. We are now evaluating the extensive data gathered in the well, which will take some time, but will provide us with maximum information to design well testing,’ Pantheon Technical Director Bob Rosenthal says.
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Dekel Agri-Vision PLC, up 6.5% at 1.65p, 12-month range 1.02p-2.20p. The West Africa-focused agriculture project developer reports weaker crude palm oil production but a rise in prices. CPO output fell 74% to 1,012 tonnes in November, from 3,875 a year prior. The average CPO price per tonne improved 24% on-year to €968. However, CPO sales volumes fell 60% to 1,311 tonnes. ‘We are now seeing high international CPO prices flowing through to local prices which bodes well for the upcoming high season,’ Dekel adds.
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AIM - LOSERS
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Naked Wines PLC, down 2.1% at 56.00p, 12-month range 38.95p-77.90p. The wine seller reports a decline in half-year revenue but a narrowed loss. Pretax loss in the 26 weeks to September 30 narrows to £5.6 million from £9.7 million. Revenue, however, is 15% lower at £112.3 million from £132.3 million. Helping to trim its loss was the non-repeat of an impairment of non-current assets of £11.5 million suffered a year prior.
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