The following stocks are the leading risers and fallers on AIM in London on Wednesday.
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AIM - WINNERS
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Jadestone Energy PLC, up 25% at 27.60 pence, 12-month range 21p-94.4p. The Asia-Pacific-focused oil and gas firm progresses repairs at its Montara Venture floating production, storage and offloading vessel. Production is temporarily shut in due to a small defect between water tank 4S and oil cargo tank 5C, but repairs have progressed in line with expectations, it says. Will carry out two minor repairs on tank 4P, and has offloaded the oil in tank 5C. Does not expects shut-in to last for more than 60 days. The stock had traded at 35p in late July before Jadestone announced the shut-in.
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Bivictrix Therapeutics PLC, up 10% at 14.32p, 12-month range 12p-23p. The biotechnology company focusing on cancer therapies is granted a patent by the US Patent & Trademark Office for its lead asset BVX001. The patent ‘provides ultimate broad protection’ for any antibody drug conjugate therapy targeting leukaemia. Expects a patent to be granted in Japan in the coming weeks, and awaits patent approval in seven countries.
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AIM - LOSERS
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Bluejay Mining PLC, down 15% at 1.00p, 12-month range 0.9p-7.15p. The Greenland and Finland-focused miner raises £600,000 via a private placement of 60.0 million shares to new shareholders at 1.0p each. This represents a 15% discount to Tuesday’s closing price of 1.17p. Will use funds for its 100%-owned Hammaslahti copper-zinc-silver-gold project in eastern Finland. Says it is continuing discussions with strategic investors about partnering on one or more of its base metals projects. ‘The immediate use of these funds will position us for a productive and pivotal second half of 2023, and what we believe could be a transformational 2024,’ says Executive Chair Robert Edwards.
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