The following stocks are the leading risers and fallers on AIM in London on Thursday.
----------
AIM - WINNERS
----------
Thor Energy PLC, up 8.7% at 0.24 pence, 12-month range 0.17p-0.7p. The uranium and vanadium explorer receives all approvals necessary for drilling at its 100%-owned Wedding Bell and Radium Mountain projects in Colorado, US. The approvals allow it to begin follow-up drilling from its successful programme in 2022 at the two projects located in the historic uranium-vanadium mining district within the Uravan mineral belt. Drilling is earmarked to start in September, Thor Energy says, with drill site preparations to begin ‘in readiness for drilling’.
----------
Windward Ltd, up 9.8% at 45p, 12-month range 33p-84.9p. The maritime AI company says revenue in the half-year to June 30 rises 18% year-on-year to $12.8 million from $10.9 million. Pretax loss narrows to $5.7 million from $9.9 million. Says trading momentum has continued into the second half, with annual contract value and revenues tracking in line with its expectations. ‘With a clear path to achieving positive [earnings before interest, tax, depreciation and amortisation], we continue to focus on the careful management of costs while continuing to deliver on our multiple strategic revenue opportunities,’ it says.
----------
AIM - LOSERS
----------
Tremor International Ltd, down 29% at 179.34p, 12-month range 166.25p-386.4p. The New York-based advertising technology company swings a first-half pretax loss of $24.7 million from a profit of $28.8 million a year before, on flat revenue of $156.0 million, little changed from $156.7 million. The loss stems from higher operating costs which jump to $148.4 million from $97.5 million, and the lack of revenue growth. Lowers annual guidance for 2023 to a contribution excluding traffic acquisition costs of between $320 million to $330 million, compared to guidance of $400 million previously. Also cuts guidance for adjusted Ebitda to a range of $85 million to $95 million, from the prior guidance range of $140 million to $145 million.
----------
Copyright 2023 Alliance News Ltd. All Rights Reserved.
