23rd Aug 2024 10:32
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Friday.
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AIM - WINNERS
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Celadon Pharmaceuticals PLC, up 24% at 27.25 pence, 12-month range 20.00p-155.00p. The pharmaceutical company says that it is tackling funding delays, with partial funding received from a committed equity fundraise and a credit facility drawdown. It says that an investor subscribed for a total of GBP1 million in shares under the equity fundraising, of which GBP600,000 has been received to date. "Celadon is grateful to the investor and lender for their re-confirmed commitments to the company and for the additional funds received from the lender," says Chief Executive James Short. "The group's ongoing conversations with alternative potential lenders continue to progress positively with a view to securing the long-term future for the business."
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Tlou Energy Ltd, up 8.7% at 1.88p, 12-month range 1.30p-2.55p. The Botswana and Southern Africa-focused energy company raises AUD995,787, through a placing of 28.5 million shares priced at AUD0.035. It explains that the funds will go towards development of Tlou's Lesedi project in Botswana.
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AIM - LOSERS
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Argo Group Ltd, down 17% at 5.00p, 12-month range 3.00p-9.00p. Argo is an alternative investment manager offering an investment platform in global emerging markets. Its shares fell, after slow start to 2024. In the year-to-date, the stock is down 9.1%.
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By Sophie Rose, Alliance News senior reporter
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