AIM WINNERS & LOSERS: Oriole rises as IAMGOLD starts Senala programme

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on ...

Alliance News 12 May, 2021 | 10:18AM
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(Alliance News) - 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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Oriole Resources PLC, up 17% at 0.935 pence, 12-month range 0.28p-1.95p. The exploration company focused on West Africa says IAMGOLD Corp has started its year 4 exploration programme at Senala project, Senegal, which will comprise a planned 11,000 metres of reverse circulation and diamond drilling at the Fare and Madina Bafe prospects. Phase one of programme focused on Fare prospect. "In addition to Fare, we take IAMGOLD's confirmation of advanced preparation for the drilling programme at Madina Bafe as a positive sign. This programme will follow on from earlier work carried out there by IAMGOLD in 2018/19," says Chief Executive Tim Livesey.

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President Energy PLC, up 13% at 2.37p, 12-month range 1.1p-2.89p. The energy company with assets focused primarily in South America reports positive results from the secondary recovery pilot project in the main Puesto Flores field, Argentina. "President is pleased to say that the pilot project is showing concrete signs of success which if promulgated to other parts of the mature Puesto Flores field would not only in the short to medium term increase production and but would also extend out decline curves, thereby prolonging field life and ultimately have a beneficial effect on the extent of recoverable reserves," company says.

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Mosman Oil & Gas Ltd, up 9.2% at 0.18p, 12-month range 0.08p-0.28p. The oil exploration, development and production company says that minister in the Northern Territory government has advised that company's application for a suspension and extension to the work programme conditions for EP145 has been approved. "All going well, the gravity will be flown in June and the interpretation will be completed afterwards. The results from the gravity work will provide important details and will also affect the final seismic programme which is currently in advanced planning stage," says Chair John Barr.

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AIM - LOSERS

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Woodbois Ltd, down 12% at 6.11p, 12-month range 2.01p-7.8p. The African focused sustainable forestry and timber trading firm raises GBP6 million via placing, subscription and retail offer, issuing 100.0 million shares at 6p each.

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Ethernity Networks Ltd, down 9.9% at 45.05p, 12-month range 11p-60p. The networking and security solutions provider receives notices to exercise warrants at 30p per share to subscribe for a total of 260,418 new shares.

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Mirriad Advertising PLC, down 9.7% at 51.5p, 12-month range 13.2p-65p. The in-content advertising company says 2020 revenue up 91% to GBP2.2 million and pretax loss narrows to GBP9.1 million from GBP12.2 million. Shares up 16% in year-to-date and have risen nearly four-fold over the past 52 weeks.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Ethernity Networks Ltd Registered Shs 45.00 -
Mosman Oil and Gas Ltd 0.17 -
Woodbois Ltd 4.95 -
Mirriad Advertising PLC Ordinary Shares 47.00 -
Oriole Resources PLC 0.60 -
President Energy PLC 2.03 -

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