The following stocks are the leading risers and fallers on AIM on Thursday.
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AIM - WINNERS
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GenIP PLC, up 15% at 29.88 pence, 12-month range 17.00p-38.50p. Wins a ‘significant’ new contract worth $350,000 with an unnamed research organisation in Saudi Arabia. The deal begins immediately and covers the delivery of 400 generative artificial intelligence-enhanced analytical assessments, as well as technology commercialisation consulting services. ‘We look forward to continuing to deliver value to our clients and will provide updates on significant developments as they arise,’ says Chief Executive Officer Melissa Cruz.
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Prospex Energy PLC, up 6.0% at 6.52 pence, 12-month range 4.80p-8.40p. Becomes the sole shareholder of Tarba Energia SL following the acquisition of Warrego Energy Ltd’s stake in the company. Tarba is the firm through which Prospex holds its investment in the El Romeral production concessions and gas-to-power plant near Carmona in southern Spain, and in the Tesorillo and Ruedalabola exploration permits in southern Spain’s Cadiz province. Prospex will pay a total of €652,725, entirely funded by its capital resources. ‘In terms of prospective gas resources acquired in the El Romeral asset alone, the equivalent price of $0.092/Boe is an excellent price by almost any measure. Prospex sees further upside in the concessions with further mapped structures to evaluate and drill once the first five wells have been permitted and drilled,’ says CEO Mark Routh. Prospex also on Thursday says that, ‘for operational reasons’, drilling at the Viura gas field in northern Spain will now begin in May. Drilling at the site had initially been pushed back six to eight weeks in February.
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AIM - LOSERS
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Oracle Power PLC, down 6.9% at 0.016p, 12-month range 0.010p-0.060p. Its joint venture Oracle Energy Ltd has been granted an extension to the validity period for its proposed 1.3 gigawatt renewable energy powerplant in Jhimpir, Sindh Province in Pakistan. Oracle’s letter of intent is now valid until May 13, 2026, from its initial January 23 deadline. The extension remains subject to the submission of a $600,000 extended bank guarantee, to be provided within 15 days of the extension letter being issued. ‘The extension of the LOI supports ongoing development, as we continue to progress on financing, investment matters and offtake contracts. We appreciate the valuable support from the Department of Energy, Government of Sindh, and will provide further updates as we progress,’ says Oracle CEO Naheed Memon.
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