Source - Alliance News

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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Southern Energy Corp, up 18% at 23.55 pence, 12-month range 16.00p-91.00p. The natural gas exploration and production company enters a deal with PetroTX Energy LLC to buy the remaining producing acreage in the Gwinville Field in US state of Mississippi. Southern Energy will buy the remaining acreage at Gwinville in Jefferson Davis County for $3.2 million in cash. Under the terms of the agreement, the firm also agrees to grant PetroTX minor overriding royalties over two of the asset’s wells, which currently are not producing and would require remedial work to re-commence production. Chief Executive Officer Ian Atkinson says: ‘The finding, development and acquisition metrics of the assets are outstanding and will add over 20 Selma Chalk drilling locations to our already deep inventory in the Gwinville Field.’

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AIM - LOSERS

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Eneraqua Technologies PLC, down 35% at 168.50p, 12-month range 165.00p-389.60p. The energy and water efficiency solutions provider says revenue in the financial year that ended January 31 jumps 52% to £55.1 million from £36.2 million the year before. This was below market expectations, which Eneraqua in March said were between £61.3 million and £61.5 million. Pretax profit surges to £9.9 million from £4.1 million. Eneraqua explained that growth was driven repeat customer orders, new client wins, geographic expansion, and the entering of new markets. The company increases its full-year dividend by 20% to 1.2p from 1.0p. Looking ahead, Eneraqua says it has a ‘record order book’ of £130.4 million. About 62% of the order book is currently anticipated to be delivered in financial 2024.

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Physiomics PLC, down 17% at 2.24p, 12-month range 1.78p-6.60p. The oncology consultancy says it now expects total income for the financial year ending June 30 to be more than 10% lower than the £750,000 given in its previous guidance. It now expects total income to be about £660,000. It explains that this is due to unforeseen delays in data delivery to Physiomics for contracted projects and the signing of a project with a potential new client.

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Related Charts

Physiomics PLC (PYC)

-0.08p (-6.67%)
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Southern Energy Corp. (SOUC)

+0.65p (+6.77%)
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Eneraqua Technologies PLC (ETP)

+0.70p (+1.77%)
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