24th Aug 2021 11:41
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.
----------
AIM - WINNERS
----------
Open Orphan PLC, up 17% at 24.30 pence, 12-month range 12.65p-48.00p. The pharmaceutical services firm wins a new GBP8.1 million agreement. The contract with an unnamed global pharmaceutical company will involve the testing of an inhaled human rhinovirus antiviral product. The antiviral study is expected to commence in the first half of 2022 with the bulk of revenue from the contract expected to be recognised across 2021 and 2022.
----------
Jubilee Metals PLC, up 12% at 15.30p, 12-month range 5.10p-22.00p. The metals processing company announces signing of a memorandum of understanding with Mopani Copper Mines PLC, for the implementation of additional copper and cobalt refining capacity in Zambia. This agreement is expected to increase the Jubilee's total refining capacity to an excess of 31,000 tonnes per annum.
----------
AIM - LOSERS
----------
President Energy PLC, down 8.4% at 1.74p, 12-month range 1.21p-2.89p. The Latin America-focused oil and gas firm reports a drop revenue in calendar 2020, as significantly lower average commodity prices damaged the top line. Revenue for 2020 is USD27.8 million, down 32% from USD40.8 million in the pre-pandemic prior year. The decline is blamed on "unprecedented challenges in 2020", including the dramatic drop in the oil price to less than USD20 a barrel.
----------
TP Group PLC, down 5.6% at 5.71p, 12-month range 3.15p-7.50p. Science Group PLC, up 1.3% at 466.00p, 12-month range 230.00p-470.00p. Science Group refuses to raise its offer for TP Group, despite the software consultant rejecting its latest takeover tilt. Research and regulatory consultancy services firm Science Group has just over an 18% stake in Reading-based TP Group. It has not paid more than 6.5p per TP Group share, its current offer price. Science Group said it has been unable to make an official bid, the Cambridge-based firm saying this was due to TP Group not co-operating. Science Group earlier in August made an indicative proposal of 5.8p per share, which TP said "significantly undervalues TP Group".
----------
By Arvind Bhunjun; [email protected]
Copyright 2021 Alliance News Limited. All Rights Reserved.
Related Shares:
Science GroupJubilee MetalsTPG.LORPH.L