The following stocks are the leading risers and fallers on AIM in London on Wednesday.
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AIM - WINNERS
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Enteq Technologies PLC, up 12% at 9.50 pence, 12-month range 7.20p - 16.00p. For the six months that ended September 30, the oil and gas drilling technology company posts a pretax loss of $766,000, narrowed from $1.2 million loss a year prior. Revenue more than doubles to $4.9 million from $2.3 million, even as cost of sales jump to $3.5 million from $1.5 million. Explains that Measurement While Drilling revenue was up ‘significantly’ against the previous year thanks to activity in North America. International sales, however, were limited due to a lagging recovery and ongoing lockdowns in China.
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Ethernity Networks Ltd, up 11% at 10.45 pence, 12-month range 0.084p - 11.00p. Wins a follow-on order worth $340,000 from an existing customer in the US. Says its data processing system-on-chip device has been selected to support the customer’s second-generation fixed wireless access base station node. This follows Ethernity providing the customer with a field programmable gate array system-on-chip device for use in its first-generation product base station fixed wireless access nodes. Expects to complete the delivery of the new device by the end of the first half of 2023. The Israel-based network data processing technology provider expects more orders to follow.
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AIM - LOSERS
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Eagle Eye Solutions Group PLC, down 3.0% at 560.00 pence, 12-month range 384.00p - 675.00p. Conditionally agrees to buy Untie Nots, a French business providing retailers with AI-powered promotion and gamification software-as-a-service. Eagle Eye will pay an initial €15.0 million, with €9.1 million in cash and €5.9 million shares. To fund the cash element, Eagle Eye launches a share placing to raise £7.0 million, before expenses, at a price of 555.0 pence per share. Placing will be conducted through an accelerated bookbuild, the software-as-a-service technology firm says.
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