See our roundup of today's AIM risers - see the full LSE winners & losers board here.
Webis Holdings rises 37% to 2.55p a share
Webis Holdings (WEB) posted its final results yesterday, posting a 23% growth in amounts wagered to $461.2 million, and gross profit increasing 3% to $5.5 million.
Operating costs were up 3% to $5.4 million as a result of costs of licensing in the USA and other markets.
The company said its USA business WatchandWager.com, occupies a significant first mover advantage in the USA, and is well positioned in California, a gaming market that “will dwarf other USA states in size when regulated
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GCM Resources rises 18% to 20p a share
GCM Resources (GCM) shares have been experiencing tremendous volatility following the announcement it signed a MOU with Power Construction Corporation of China to develop a coal mine and power plants in Bangladesh.
The MOU aims to conclude a Joint Development Agreement by 31 December 2018, and to submit a formal proposal to the Government of Bangladesh by 28 February 2019.
Shares surged to 32p each in the days following the announcement, quickly followed by a sharp decline to 17p
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Minoan Group rises 11% to 3p a share
Minoan Group (MIN) completed the sale of its leisure travel business Stewart Travel Limited last month to pay down company debts and refocus the business strategy.
Following a decline in share prices to a low of 2.22p a share, they have rebounded to previous levels.
Christopher Egleton, Minoan Chairman, commented: "Now that the sale of STL has been completed the Board is clear to concentrate on optimising the value of the Company's project in Crete for the benefit of shareholders and stakeholders"
Read more here & follow MIN here:
Union Jack Oil rises 10% to 0.105p a share
Union Jack Oil (UJO) shares slumped 15% to a low of 0.9p following the announcement its north Lincolnshire Wressle oil development planning permission was refused.
Egdon’s managing director Mark Abbott stated they intend to appeal the decision without delay, as independent consultants and the planning officer believe the application full and “comprehensively addresses the reasons for the previous refusal”.
Shares in UJO have since rebounded slightly
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