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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Pathfinder Minerals PLC, up 56% at 0.664 pence, 12-month range 0.35p - 0.95p. The natural resources explorer raises £500,000 through the issue and allotment of 100.0 million new shares priced at 0.5p each. Also, the company says it has received a notice for the exercise of the exclusive option granted to Acumen Advisory Group LLC to buy IM Minerals Ltd, a wholly owned subsidiary of Pathfinder. The option agreement includes the rights to bring a claim against the government of Mozambique for the expropriation of mining concession 4623C.
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ECSC Group PLC, up 20% at 27.7 pence, 12-month range 20.0p - 70.0p. The Bradford, Yorkshire-based cybersecurity firm wins three significant contract wins in its Managed Detection & Response division. The contracts, all of which are for an initial period of three years, have a combined revenue of around £690,000. The company says revenue will be recognised throughout the duration of the contracts.
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AIM - LOSERS
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Orcadian Energy PLC, down 27% at 11.0p, 12-month range 9.0p-59.5p. The North Sea-focused oil and gas development company raises £500,000 from a placing of 5.0 million shares priced at 10p each. The placing shares price represents a discount of 33% to the closing price of 15p per share on January 31. Orcadian said the proceeds will help fund licence fees and progress its field development plan.
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