(Alliance News) - The following stocks are the leading risers and fallers on AIM on Monday.
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AIM - WINNERS
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Cora Gold Ltd, up 39% at 4.30 pence, 12-month range 1.40p-4.30p. The West Africa-focused gold firm notes Mali "partially" lifts the suspension of new mining permits. The moratorium had been placed in November 2022. The lifting takes effect on Saturday. From Saturday, Mali will receive for "processing" applications for the renewal of exploration and exploitation permits, and transfer of operating permits. "In its announcement the government stated that the partial lifting of the moratorium does not apply to applications for the issuance of new mining titles or for the transfer of exploration permits," Cora Gold says. "Cora sees the partial lifting of the moratorium as a significant and positive turning point for the mining sector in the country and for its flagship Sanankoro gold project."
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Mindflair Ltd, up 14% at 0.91 pence, 12-month range 0.45p-1.75p. The AI-focused investor sells minority position in Visibility Blockchain Ltd, or Getvisibility. Getvisibility is a cybersecurity company. Mindflair reports a EUR2.1 million "gross cash inflow" from the deal. In addition, through its exposure to the first Sure Valley Ventures fund, Mindflair stands to receive another EUR900,000. Mindflair also has a near 24% stake in Sure Ventures PLC, which in turn owns just under 26% of the first Sure Valley Ventures fund. "In summary therefore, Mindflair expects to receive, in aggregate, approximately GBP2.6 million in cash from the sale of Getvisibility through the disposal and sale of its indirect interest held through its investment in SVV1. It may also receive additional funds from any distribution made by SV PLC," Mindflair says. Sure Ventures expects to generate a gross cash inflow of GBP1.5 million from Sure Valley Ventures sale of its entire stake in Getvisibility. Smarttech247 Group PLC, also listed in London, sold its entire position, generating EUR1.8 million. Sure Ventures shares were 2.9% higher. Smarttech247 was up 0.7%.
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AIM - LOSERS
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Next 15 Group PLC, down 1.5% at 287.50p, 12-month range 286.00p-1,052.00p. The stock hits this 12-month low on Monday, as a tough period for the shares continues. Shares are down 27% year-to-date. The consultancy in January warned profit for the financial year to January 31 was to be at the "bottom of analyst expectations". It put consensus at the time between GBP107 million and GBP112 million for adjusted operating profit, down as much as 12% from to GBP121.1 million in financial 2024.
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By Eric Cunha, Alliance News news editor
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