(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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Jangada Mines PLC, up 10% at 1.60 pence, 12-month range 0.40p-2.20p. Signs a letter of intent to secure an exclusive option to acquire 100% of the high-grade Molly gold project in the Tapajos region of Para State, Brazil. Jangada says the agreement with vendor BGold Mineracao grants it the right to earn the option over the Molly project, which it describes as an advanced, data-rich gold asset with scalability and near-term revaluation potential. The company says the move aligns with its strategy to build a portfolio of high-quality gold projects across Brazil. Jangada adds that Tapajos is a well-established gold district and that the potential acquisition supports its ambition to become a leading developer of high-grade Brazilian gold assets.
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Auction Technology Group PLC, up 6.7% at 311.00p, 12-month range 259.50p-638.00p. Shares in the London-based auction market operator and technology provider rise after broker JPMorgan reinitiates its coverage of the company with ‘overweight and a price target of 665 pence.
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AIM – LOSERS
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Phoenix Copper Ltd, down 52% at 0.97p, 12-month range 0.80p-6.50p. Suspends its executive chair and chief financial officer with immediate effect as the board launches an investigation into their conduct and historic payments made to former adviser Lloyd Edwards-Jones SAS. The company says Marcus Edwards-Jones and Richard Wilkins are suspended while advisers probe the allegations. Phoenix Copper puts interim financial oversight in place and seeks an interim CFO, outsourcing the company secretary role during the review. Phoenix Copper says it has limited working capital but expects to have enough cash until early in the second quarter of 2026. It is considering a range of short- and longer-term funding options. Talks with Riverfort over a short-term loan facility are ongoing.
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By Eva Castanedo, Alliance News reporter
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