(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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AIM - WINNERS

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Windward Ltd, up 19% at 105.49 pence, 12-month range 33p-107p. The Tel Aviv, Israel-based maritime predictive intelligence company reports good trading throughout 2023, and consequently, expects annual results to be "comfortably ahead" of market forecasts. Expects revenue to rise 31% year-on-year to USD28.3 million from GBP21.6 million, with the adjusted loss before interest, tax, depreciation, and amortisation to narrow to USD5.1 million from GBP12.1 million. Believes market consensus for revenue is USD26.6 million and adjusted Ebitda loss is expected at USD7.0 million. "2023 has been a record year for Windward, winning multiple new customers while expanding our offering. We have delivered strongly on our execution and believe Windward's opportunity set has expanded," says Co-Founder & CEO Ami Daniel.

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CyanConnode Holdings PLC, up 13% at 11.6 points, 12-month range 7p-25.75p. The narrowband radio frequency mesh network company announced its subsidiary receives an order for one million Omnimesh Modules, alongside other offerings, and a support and maintenance contract, from Montecarlo Ltd. Executive Chair John Cronin says the order "underscores the growing market acceptance and momentum for [the company's] products".

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AIM - LOSERS

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Nostra Terra Oil & Gas Co PLC, down 29% at 0.11p, 12-month range 0.11p-0.29p. The oil and gas explorer and producer raises GBP300,000 through a discounted placing and subscription of 25.0 million new shares at 0.12p. Will use the funds to develop drilling opportunities around its Pine Mills asset in East Texas, and as general working capital. Notes the fundraise was cornerstoned by institutional investors. "The Fouke wells at Pine Mills have been a great success, providing strong returns for the company. I am delighted to announce that we have strong support from respected institutional investors, which will now allow us to accelerate growth opportunities in front of us," says CEO Matt Lofgran.

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By Elizabeth Winter, Alliance News deputy news editor

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