The following stocks are the leading risers and fallers on AIM in London on Friday.
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AIM - WINNERS
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Active Energy Group PLC, up 19% at 6.20 pence, 12-month range 2.75p-7.7p. The London-based renewable energy business wins trademark for the registration of CoalSwitch in Canada from the Canadian Patent & Trademark Office. The CoalSwitch product is an energy pellet made from biomass. Active Energy says it has been shown to reduce carbon dioxide emissions by up to 99% compared to coal and up to 97% compared to natural gas. In February, Active Energy said it had been awarded two trademarks for the registration of CoalSwitch in the US and UK.
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Conroy Gold & Natural Resources PLC, up 8.5% at 19.80 pence, 12-month range 12.5p-41.95p. The gold exploration and development company focused on Ireland and Finland said it has discovered a new gold target in County Monaghan. This discovery, together with the recent discovery of a gold target in County Armagh, has led to the identification of a second gold trend the Longford-Down Massif. Chair Richard Conroy: ‘The identification of a new gold trend in the Longford – Down Massif is a further step forward in relation to the very extensive new gold district discovered by the company.’
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AIM - LOSERS
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Longboat Energy PLC, down 22% at 11.06p, 12-month range 11.2p-77.2p. The North Sea-focused exploration and production company said its PL939 license, which contains the Egyptian Vulture oil discovery, is being relinquished as the reservoir quality is not good enough. It said it seeks to reapply for the acreage in the forthcoming licence round with awards due in January 2024. ‘The Egyptian Vulture discovery has significant upside and needs an aligned partnership to be efficiently appraised and progressed to a potential development project. We look forward to creating a new group to take this high-potential asset forward,’ says Chief Executive Helge Hammer.
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