The following stocks are the leading risers and fallers on AIM in London on Thursday.
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AIM - WINNERS
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Chariot Ltd, up 13% at 15.82 pence, 12-month range 0.050p-16.69p. Net gas pay estimates for the Anchois-2 well in Morocco have been raised to 150 metres from 100 metres previously, following ‘further interpretation of the well data’. The stock hits a 52-week high on Thursday.
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Time Out Group PLC, up 7.2% at 52.00 pence, 12-month range 38.00p-63.60p. The London-based magazine publisher and food markets operator says revenue in the six months to December 31 more than doubles annually to £32.0 million from £13.3 million. Pretax loss narrows year-on-year to £10.5 million from £16.7 million. ‘We are encouraged by the progress made in the period, albeit in the face of the emergence of the Omicron variant. Our digital audience grew as our content remained relevant and engaging, footfall began returning to the markets and global brands advertised with us once again,’ Chief Executive Chris Ohlund says.
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AIM - LOSERS
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Xeros Technology Group PLC, down 33% at 58.90p, 12-month range 50.30p-288.00p. Shares in the developer of laundry technology that reduces water use hit a 52-week low on Thursday. It now expects to reach month-on-month profit at an earnings before interest, tax, depreciation and amortisation level in 2024, and not the previously targetted first quarter of 2023. ‘India has come out of its 3rd wave and is operating near normal but China has been experiencing a significant increase in major lockdowns,’ Xeros says. In addition, it says it is ‘evaluating several funding options’ to support additional investment. The current cash balance of £6.2 million is sufficient only to fund the ‘delivery of major growth milestones through the remainder of 2022 and into the first quarter of 2023’.
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