The following stocks are the leading risers and fallers on AIM in London on Tuesday.
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AIM - WINNERS
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Cake Box Holdings PLC, up 11% at 214.00 pence, 12-month range 135.00p-428.00p. The fresh cream cakes retailer said trading across second half ended March 31 was strong and, as a result, expects annual revenue to be up 50%, with adjusted pretax profit in line with market forecasts. ‘There continues to be a high level of interest in Cake Box’s differentiated franchise proposition, with both strong demand for new stores from existing franchisees and a pipeline of new franchisee applicants representing 53 holding deposits held at the period end,’ it says.
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Empyrean Energy PLC, up 9.6% at 11.18p, 12-month range 4.90p-13.00p. Says LH 17-2-1 well at the Jade prospect offshore China drilled 12-1/4‘ section to 2,150 metres measured depth and results have validated the pre-drill interpretation of seismic data including the presence of gas clouds over the Jade as well as Topaz prospects. ’Based on the results thus far, Empyrean has upgraded its internal geological chance of success over the Jade prospect from 41% to 65% and Topaz prospect from 35% to 47%,‘ it says.
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AIM - LOSERS
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Sensyne Health PLC, down 32% at 1.24p, 12-month range 1.00p-178.00p. Decides to end formal sale process in light of amended financing agreement and will seek approval to delist from AIM. The amendment provides access to up to £20 million in additional capital. ’Without access to the additional capital provided by the noteholders pursuant to the amended and restated note purchase agreement, the company is unlikely to be able to continue to trade and would very likely become insolvent and be placed into administration,‘ Sensyne warns. Stock down 98% in year-to-date.
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Serabi Gold PLC, down 14% at 50.88p, 12-month range 46.00p-80.00p. The Brazil-focused gold miner says production has taken a hit during the first quarter, consequently lowering its full-year production guidance. Gold production in the first quarter at Palito was 7,062 ounces, down 13% year-on-year from 8,087 ounces. Serabi lowers production guidance for 2022 to 30,000 ounces, down from a previous range of between 36,000 and 39,000 ounces.
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