See our roundup of today's AIM risers - see the full LSE winners & losers board here.
AB Dynamics, Supplier Of Test Systems For The Automotive Industry, Announces Trading Update
AB Dynamics (ABDP) rose 13% to 167.5p a share this morning following its announcement of its trading update.
The company mentioned it has performed well through the year and “the Board expects both revenue and profit before tax to significantly exceed market expectations”.
Tony Best, Chairman of AB Dynamics, commented: "I am very pleased to report that the Group has continued to perform well throughout the year with significant growth in turnover primarily resulting from increased sales of our track testing products which are used in the development and testing of semi-autonomous and fully autonomous vehicle technology.
Read more here & follow ABDP here:
Photonstar, Designer And Manufacturer Of Smart LED Lighting Solutions Rises
PhotonStar LED Group (PSL) rose 16% this morning to 0.175p a share, following previous speculation regarding its commercial trials of its Halycon V2 products.
The British company designs and manufactures smart LED lighting solutions, with a focus on becoming a retrofit connected lighting and building management business.
It released its half year results on 28 September with declining revenues of £1.33m, gross profit margin increasing to 34.6% and administrative expenses reduced to £1.29m.
Read more here & follow PSL here:
Altona Energy, Mining Exploration And Exploration Company Rises
Altona Energy (ANR) rose over 15% this morning to 0.225p a share.
The company is focused on its significant coal resources in the northern portion of the Permian Arckaringa Basin in South Australia, with three exploration licences covering 2,500 sq. kms and an estimated resource equivalent of 7.8 billion barrels of clean-burning fuel.
It issued a notice on Tuesday it intends to consolidate every one thousand ordinary shares of £0.0001 to new ordinary shares with a value of £0.1 (10p), resulting in 1,558,956 new ordinary shares in issue, subject to shareholder approval on 17 October 2018.
Read more here & follow ANR here:
Mayan Energy, North American Based Oil And Gas Company Rises
Mayan Energy (MYN) rose over 11% this morning to 0.34p a share.
The North American based oil and gas company is focused on re-stimulating wells within mature producing basins with immediate cash flow, on projects that are shallow, low risk with low levels of capex and infrastructure already in place.
It released an update on the prospects of its interest in a company with investments in Asphalt Ridge heavy oil sands project in Utah, where Petroteq energy has begun unlocking the resources contained in the “largest known untapped reserve in the United States”
Read more here & follow MYN here:
Bezant Resources, Gold-Copper Mining Exploration And Development Company Rises
Bezant resources (BZT) rose 7% this morning to 0.38p a share.
The company owns rights to a JORC compliant resource with an estimated production of 20 million tonnes per annum of copper and gold, with an estimated NPV of $739 million in the Philippines.
It released its Block Model Analysis of its Philippines Mankayan gold-copper project to the public yesterday, with assistance and input from specialist technical consultants, revealing the vast scale and scope of the resource.
Read more here & follow BZT here:
See all today's AIM Risers here
