See our roundup of today's AIM risers - see the full LSE winners & losers board here.
Yu Group (YU.) rises 23% to 210p a share
The energy firm Yu Group (YU.) continues to rise by another 23% after markets opened following the collapse of share prices last week.
It announced in a trading statement that found a £10 million black hole in its profit forecasts, after irregularities in the way it recognised accrued income for customer accounts, and non-payment of debts “significantly above” previously provided for.
Shares fell from 595p a share to a low of 86p a share following the announcement, but are up today with traders continuing to see a buying opportunity.
Read more here & follow YU. here:
Sunrise Resources (SRES) rises 12% to 0.185p a share
Sunrise Resources (SRES) is a resource company developing its CS Pozzolan-Perlite project in Nevada, USA.
It announced today recent mapping has identified new, large areas of outcropping perlite. The company as a result has increased its project claim area by over 250%, and submitted additional samples for characterisation and testing for horticultural grade perlite.
This follows from yesterday’s successful commercial trials of its bulk samples, producing horticultural grade perlite, and natural pozzolan, compliant with ASTM C618 standards.
Demand for horticultural grade perlite is expected to grow as the cannabis industry increasingly becomes legalised, and demand for natural pozzolan is expected to increase as fly ash shortages continue to build.
Executive Chairman Patrick Cheetham said: "I am pleased to be announcing the expansion of our claim holdings at the NewPerl Project. This new discovery is proof of concept of the targeting method that originally led us to the discovery of the perlite and pozzolan deposits at our CS Project and which we now know can be successfully applied elsewhere.
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Asiamet Resources (ARS) rises 11% to 6.3p a shareAsiamet Resources (ARS) rises following the drop in share prices after market speculation regarding protests in the Nagan Raya area where the company’s Beutong copper-gold project is located.
On the same day as the drop, the company released the results of its drilling, reporting an intersection of broad copper intervals, identifying an exciting deep drill target.
All seven holes (3,528 metres) drilled to date by the company have intersected wide intervals of porphyry copper-gold-molybdenum mineralisation
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Europa Metals (EUZ) rises 9% to 0.115p a share
Europa Metals (EUZ) rises following two announcements the European lead-zinc explorer made regarding its Toral lead-zinc-silver project.
It has had an increase in JORC (2012) inferred resource estimate for the Company's wholly owned Toral project, from 16 million tonnes at 6.9% Zn Equivalent and 25 g/t Ag to 19 million tonnes at 6.9% Zn Equivalent and 24 g/t Ag, a 19% increase in the overall tonnage.
"The first full drill campaign to be undertaken by the Company's new geological team outside of the pre-existing defined resource area has successfully achieved a 100% strike rate for lead, zinc and silver mineralisation at the Toral Project confirming continuity of prospective metal along strike.” Said Laurence Read, Executive Director of Europa Metals
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