Source - Alliance News

The following stocks are the leading risers and fallers on AIM in London on Thursday.

----------

AIM - WINNERS

----------

SDX Energy PLC, up 17% at 4.38 pence, 12-month range 3.50p-9.50p. The North-Africa focused oil and gas firm receives a gas prepayment amount of around $1.9 million from Citic Group subsidiary. Says prepayment is evidence of ‘deepening partnership’ between the two parties. Citic Dicastal is SDX’s largest offtaker, and has an ‘increasing and immediate’ demand for its gas. Will use funds to pay for drilling of KSR-21 well in Morocco.

----------

Tavistock Investments PLC, up 9.3% at 5.19p, 12-month range 4.25p-9.50p. The investment manager says trading in the first five months of its financial year, which ends March 31, is ‘significantly’ ahead of the equivalent period last year. Gross revenue rises 19% to £17.2 million from £14.5 million a year prior, and gross margin increases by 40% to £6.7 million from £4.8 million. Tavistock also posts earnings before interest, tax, depreciation and amortisation of £1.6 million, swinging from a loss of £140,000.

----------

AIM - LOSERS

----------

MaxCyte Inc, down 20% at 198.90p, 12-month range 170p-650.00p. The cell engineering-focused provider of platform technologies shares a disappointing third-quarter update. Says total revenue will fall between 25% and 27% year-on-year to between $7.8 and $8.0 million. Core business revenue is expected to fall between 33% and 35%. It now expects annual revenue to be between $34 and $36 million, which would be down from $44.3 million in 2022. This is due to the ‘ongoing volatility in customer activity in the life science tools sector’, which it attributes to the depressed funding environment within Cell & Gene Therapy sector. MaxCyte had been guiding for annual growth of 21% to 26% back in March, before cutting the range to 8% to 12% in May.

----------

Helium One Global Ltd, down 19% at 4.05p, 12-month range 3.90p-10.30p. The Tanzania-focused helium explorer reports a setback in the drilling of the Tai-3 well. Says late Wednesday, its Predator 220 drilling rig suffered a component failure within the main rig carrier. ‘In order to undertake the necessary repairs, mechanical parts will need to be brought in from outside of Tanzania and, as a result, will require us to temporarily suspend operations whilst these repairs are carried out,’ it explains. Expects it to take around two weeks to source the needed parts and repair the rig. It then expects to recommence drilling in accordance with its original programme.

----------

Copyright 2023 Alliance News Ltd. All Rights Reserved.

Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account. AJBell logo

Related Charts

Sdx Energy PLC (SDX)

0p (0.00%)
delayed 16:57PM

Maxcyte INC (MXCT)

+5.00p (+1.39%)
delayed 17:43PM

Helium One Global LTD (HE1)

-0.09p (-4.05%)
delayed 17:15PM

Tavistock Investments PLC (TAVI)

0p (0.00%)
delayed 16:57PM