The following stocks are the leading risers and fallers on AIM in London on Monday.
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AIM - WINNERS
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Eqtec PLC, up 30% at 1.05 pence, 12-month range 0.65p-2.40p. The waste-to-value technology company says it formally entered the French market through the establishment of a wholly-owned subsidiary, Eqtec France SAS. In addition, Eqtec inks a strategic collaboration agreement with Revel, France-based industrial waste recycling specialist SEPS SAS. The agreement is to develop contaminated waste treatment plants.
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Live Co Group PLC, up 12% at 5.51p, 12-month range 1.95p-9.90p. The live events and entertainment company raises £825,000 via a placing to fund its new video production division and noted strong sales for day two of its KPop Flex festival. Live Co raises funds via placing of 16.5 million new shares of at a price of 5.0 pence per share, representing a small premium to the closing price of 4.9p on Friday. Live Co also notes strong sales for day two of its Kpop Flex festival with sales currently in excess of 18,000 tickets.
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AFC Energy PLC, up 4.2% at 38.24p, 12-month range 27.56p-74.87p. The alkaline fuel cells developer says it leased its first hybrid fuel cell system to construction and engineering group Keltbray Group Holdings Ltd for deployment to a UK construction site. AFC Energy says under the agreement it will source and supply hydrogen to Keltbray on commercial terms in addition to supplying the HFC system. AFC Energy did not disclose the value of the lease agreement.
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AIM - LOSERS
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Aura Energy Ltd, down 8.2% at 14.00p, 12-month range 3.12p-23.00p. The Australia-based minerals company secures A$8.8 million in fundraising to develop its Tiris uranium project in Mauritania. Aura receives firm commitments via an oversubscribed share placement to institutional and professional investors an issue price of A$0.25 per share, representing a 20% discount to the company’s 5-day volume weighted average price
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