23rd Mar 2021 11:24
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.
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AIM - WINNERS
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Oxford Biodyamics, up 65% at 117 pence, 12-month range 65p-125p. The biotechnology company launches its EpiSwitch Covid-19 Severity Test in the US. The company says EpiSwitch "is a highly accurate prognostic test that predicts personalised risk of severe illness due to SARS-CoV-2 virus".
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Biome Technologies, up 36% at 360p, 12-month range 180p-391p. The bioplastics and radio frequency technology business wins contract with a second US end-customer to accelerate the commercialisation of its proprietary compostable filtration material.
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AIM - LOSERS
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Time Out Group, down 20% at 37p, 12-month range 34p-52p. The media and leisure company confirms that its subsidiary, Time Out Markets Central London Ltd, has informed London & Continental Railways that it no longer intends to proceed with the development of Time Out Market London in Waterloo due to the hit from the Covid-19 pandemic on its finances. Says decision does not change the need to secure additional funding and is currently reviewing an equity funding proposal.
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Panthera Resources, down 14% at 13.6p, 12-month range 11.5p-39p. The gold exploration and development company with assets in West Africa and India notes the government of India has passed a new bill, MMDR2021, to amend the Mines & Minerals (Development & Regulation) Act of 2015. The MMDR2021, which has now been passed by both houses of Parliament, is expected to become law in the second quarter of this calendar year. Panthera believes that the new MMDR2021 may have an impact on the company's joint venture partner, Metal Mining India, in terms of its right to secure approval of its prospecting licence applications for the Bhukia and Taregaon Projects in India.
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By Arvind Bhunjun; [email protected]
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Time OutBiome TechOxford BiodynPanthera Res.