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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Zephyr Energy PLC, up 9.1% at 5.9 pence, 12-month range 3.75p-8.1p. The US Rocky Mountain-focused oil and gas firm completes the remaining 25% working interest in White Sands Unit in the Paradox Basin in Utah. Zephyr also acquires interest in a further six wells in Williston Basin, North Dakota. ‘This accretive acquisition will provide the company with further low-risk oil production and is expected to generate substantial cashflows for the company which can be reinvested into the Paradox project development,’ it explains.
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AIM - LOSERS
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Infrastructure India PLC, down 55% at 0.20 pence, 12-month range 0.5p-2.2p. The India-focused infrastructure investor said the value of its investments fell to £194.1 million at September 30 from £263.1 million a year before. Net liabilities are £85.7 million at the end of September, swung from net assets of £72.1 million a year before. Consequently, net asset value per share falls to nothing from 10.6p a year before. It says the sale of both Indian Energy Ltd and Distribution Logistics Infrastructure Ltd, its largest holding, are in progress.
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ScotGold Resources PLC, down 11% at 52.33p, 12-month range 49.2p-88p. In the year ended June 30, the Scottish gold producer says revenue rises to A$17.9 million from A$299,807 a year before. However, pretax loss doubles to A$10.8 million from A$5.0 million. ScotGold lowers its production forecasts for the quarter to December at its Cononish gold and silver mine. Due to changes in the short-term mining schedule and worse-than-expected weather conditions in December, it now expects 2,000 ounces of gold. This is down from a previous range of 3,000 to 3,500 ounces.
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