See our roundup of today's AIM risers - see the full LSE winners & losers board here.
Exploration company commences drilling in Ireland and Sweden
Erris Resources (ERIS) is up 37% this morning following the release of its interim results.
Its surface diamond drilling compaign commenced in the Abbeytown zinc Project in Ireland with high grade mineralisation intercepted.
It also continued its exploration drilling programme at the Brännberg gold project in Sweden.
The group has acquired a number of new gold licenses in Sweden and new exploration licenses in Ireland.
Read more here & follow ERIS here:
UK Distributor And Wholesaler Of Home Entertainment Products Rises
MBL Group (MUBL) is up 72% this morning. This year it sold its garden and home division for £0.8m, and its home entertainment entered administration.
It has become a Rule 15 Cash Shell under AIM rules. In its final results for 2018 directors stated they do not expect the Group to continue trading within the next twelve months.
The group has sold off subsidiaries to contribute value for shareholders and provide shareholders with a return of capital.
Read more here & follow MUBL here:
Indian Online Western Fashion Company Raises Cash From India’s Largest Retail Group
Koovs (KOOV) is up 14% this morning following its subscription agreement with Future Lifestyle Fashions Limited, which is part of Future Group – India’s largest retail group to take its current shareholding in Koovs from 16.25% to a maximum of 29.99%.
The agreement, subject to the approval of the Reserve Bank of India will raise between £9.5m and 10.5 of cash.
Lord Alli, Chairman of Koovs, said: "This additional investment and commitment from FLFL underlines the tremendous opportunity to leverage our strategic partnership and ensure that Koovs is the aspirational first choice online western fashion destination for India's twenty-somethings. The partnership will significantly benefit our customers, partners and all shareholders."
Read more here & follow KOOV here:
African Agricultural Company Continues to Rise Following Release Of Final Result
Agriterra Limited (AGTA) continues to rise another 10% this morning following yesterday’s trend after its release of audit final results for the year.
The share price dipped before recovering over the next few days following reduced revenues and increased losses were reported.
Read more here & follow AGTA here:
Oil And Gas Engineering Services Business Announces Initial Agreement To Supply
Plexus Holdings (POS) rose 10% this morning following the announcement its Russian Licensee, Gusevsky Valves Plant LLC entered into an initial agreement to supply its TRT Mudline Suspension System to Gazprom, the Russian Government owned gas company.
The order is in line with Plexus’ strategy to establish its best in class equipment in Russia.
The Plexus MLS system has been used in combination with POS-GRIP® Adjustable Wellhead Systems on over 350 wells operated by majors such as Royal Dutch Shell, Statoil and Total.
Plexus' CEO Ben Van Bilderbeek said, "Following today's announcement, Plexus' MLS equipment will soon be deployed in the huge Russian market which, due to the level of upcoming gas drilling activity, represents a major commercial opportunity for Plexus, and its licensee Gusar
Read more here & follow POS here:
See all today's AIM Risers here
