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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Xeros Technology Group PLC, shares double to 66.40 pence from previous close of 32.5p, 12-month range 32.00p-248.00p. The environmental technology firm signs 10-year, non-exclusive agreement licensing agreement for its XFilter filtration technology with Hanning Elektro-Werke Gmbh & Co KG. Says Hanning is a world leading manufacturer of components for the appliance industry and deal is ‘transformational’ for Xeros. ‘It has the potential to deliver significant revenues from late 2023 onwards,’ the firm says. Separately, Xeros reports positive results from independent testing of XFilter. Results show performance levels of over 99% capture rate.
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Frontier Developments PLC, up 21% at 1,306.00p, 12-month range 1,066.00p-2,900.00p. Reports record revenue of £114 million for financial year ended May 31, up 26% on the year before, with adjusted Ebitda in line with expectations at around £7 million to £8 million - down from £12 million the year before. Says new financial year starts in excellent shape and adds: ‘The board is comfortable with current analyst expectations for FY23 based on the expected performance of our existing games and the anticipated success with our planned new releases.’
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Revolution Bars Group PLC, up 11% at 16.81p, 12-month range 14.50p-27.80p. The bar operator is confident of delivering adjusting Ebitda after rental charges slightly ahead of the top end of market forecasts, which currently stands at £10.0 million, despite inflationary headwinds.
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AIM - LOSERS
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Condor Gold PLC, down 12% at 26.99p, 12-month range 26.80p-49.00p. The mine developer in Nicaragua raises £3.3 million via private placement. Places 11.6 million units - comprising one share and one-half of a share purchase warrant - at price of 28p each.
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