The following stocks are the leading risers and fallers on AIM on Wednesday.
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AIM - WINNERS
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Pensana PLC, up 32% at 36.80 pence, 12-month range 13.00p-40.90p. The company receives approvals for the full financing for the Longonjo rare earth project. The financing totals around $268 million. Pensana Chair Paul Atherley says: ‘We are extremely grateful for the work undertaken by the Africa Finance Corp and [Angolan Sovereign Wealth Fund] teams in providing the Longonjo project with the funding requirements for the Longonjo project.’
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Light Science Technologies Holdings PLC, up 18% at 3.07 pence, 12-month range 2.20p-3.80p. The provider of lighting, science and plant monitoring solutions posts record annual revenue and trades ‘close to breakeven’. Its pretax loss narrows to £30,409 from £1.1 million. Revenue improves 30% to £12.0 million from £9.3 million.
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AIM - LOSERS
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Power Metal Resources PLC, down 7.6% at 12.25p, 12-month range 11.50p-21.00p. Notes Katoro Gold PLC is ceasing further investment in the Haneti project. Katoro owns 65% of the asset and Power Metal 35%. ‘We do not feel that a sufficiently compelling opportunity exists at Haneti and have therefore decided to exit from the investment,’ Power Metal CEO Sean Wade says. ‘We continue to examine to portfolio closely and will not be afraid to take similar decisions elsewhere at the appropriate time.’
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