10th Apr 2025 10:30
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Thursday.
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AIM - WINNERS
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Verici Dx PLC, up 64% at 2.25 pence, 12-month range 1.375p-8.35p. The developer of advanced clinical diagnostics for organ transplants says it has received a positive technical assessment by Palmetto GBA. Says Palmetto is a Medicare administrative contractor that assesses diagnostic technologies through its Molecular Diagnostic Services Program or MolDX. This allows for Medicare coverage of Verici's Tutivia assay, an acute rejection diagnostic test for kidney transplant patients. Verici says that following a review of clinical validity, analytical validity, and clinical utility, MolDX has determined that Tutivia meets the criteria for coverage under LCD L38568, MolDX: Molecular Testing for Solid Organ Allograft Rejection for renal transplant patients. This certifies that Tutivia meets requirements for Medicare coverage and will support broader access for renal transplant patients, the company says. "With this decision, we hope that more patients can benefit from a significant step forward in enhancing diagnostic accuracy and post-transplant patient care," says Chief Executive Officer Sara Barrington. "With Tutivia already seeing strong positive feedback from early adopters and the accelerated sales already coming through, we look forward to continued success in a commercial setting."
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Aferian PLC, up 22% at 2.75 pence, 12-month range 2.25p-12.5p. The Cambridge, England-based business-to-business video streaming company reports a narrowed pretax loss of USD14.5 million for the year ended November 30, against its GBP64.7 million loss the year before. Revenue however decreases to USD26.3 million from USD47.8 million. Operating costs fall to USD28.8 million from USD89.0 million, and cost of sales fall to USD10.0 million from USD22.8 million. Aferian says the second half of the year saw 16% revenue growth over the first and that both its businesses, 24i and Amino, have significant new customer wins and advance sales orders. "Aferian is now a turnaround story," comments CEO Mark Carlisle. "We have started FY2025 strongly and are significantly ahead of the same period last year. Given the increased level of sales orders already received, we expect a greater than 10% revenue growth in FY2025, positive adjusted [earnings before interest, tax, depreciation and amortisation] for the year, and positive free cash flow. Once new financing terms are secured, the company will be well-positioned for the future."
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AIM - LOSERS
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Coro Energy PLC, down 28% at 0.95p, 12-month range 0.95p-16.75p. The South East Asian energy company's subsidiary Coro Energy Duyung (Singapore) Pte Ltd has agreed to conditionally sell its 15% participating interest in the Duyung production sharing contract, representing "the final stage of its strategic pivot to clean energy in South East Asia and [enabling] the company to now focus its resources on its exciting renewables portfolios in Vietnam and the Philippines". Buyer is Conrad Asia Energy Ltd subsidiary West Natuna Exploration Ltd. Coro says the terms are conditional on approval from Indonesia's Ministry of Energy & Mineral Resources on or before August 31; and approval by Coro shareholders at a general meeting to be held on or before May 15. Terms provide for total cash consideration of USD300,000 to be paid by Coro to WNEL, representing a USD477,000 saving on the amounts Conrad maintains is outstanding by Coro Duyung as at the end of December. Coro will be issued 500,000 new Conrad shares worth around USD225,000 following government approval, and more shares worth USD750,000 within 45 days of the Duyung PSC's first commercial production. "To the extent that Conrad or WNEL's interest in the Duyung PSC falls below 20% at that time, then such payment may be reduced dependent on the extent of that reduction on interest," Coro added.
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By Emma Curzon, Alliance News reporter
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Related Shares:
Verici DxCoro EnergyAferian