17th Apr 2025 10:08
(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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LungLife AI Inc, more than tripled at 3.7 pence, 12-month range 0.9p-31p. The lung cancer clinical diagnostic solutions developer has entered an exclusive license and distribution agreement with US-based liquid biopsy diagnostics company Circulogene Theranostics Inc, for its LungLB test. Circulogene will give LungLife an advanced payment of USD375,000 following signature, pursuant to a promissory note secured by certain LungLife physical assets. A further USD375,000 payment will be due following completion of the agreement. LungLife says it will then receive royalty payments equivalent to 20% of net revenue collected by Circulogene for the LungLB for the agreement's first year, with guaranteed minimum royalty payments of USD450,000 covering the first three quarters. The royalties will be equivalent to 15% for the second year. The agreement's initial term is for two years from completion, with options for renewal.
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Thor Explorations Ltd, up 2.0% at 35.5 pence, 12-month range 13.5p-35.5p. Releases first-quarter operational update for the Segilola gold mine in Nigeria and its other mineral exploration properties. Says 22,790 ounces of gold were poured at Segilola during the quarter, up from 18,543 ounces the prior year. Gold sales totalled 22,750 ounces at an average realised price of USD2,720, generating USD61.9 million in revenue. 231,825 tonnes were milled at an average grade of 3.24 grams per tonne. Total mined was 2.9 million tonnes, down on-year from 4.9 million, while ore mined decreased to 272,375 tonnes from 465,895 tonnes. "After completing a strong operational and financial performance in 2024, I am pleased to report a solid operational first quarter and start to 2025," commented Chief Executive Officer Segun Lawson, adding: "Segilola gold production costs have performed well against budget and...Our exploration teams in Nigeria, Senegal and Cote D'Ivoire have identified several new targets which we look forward to testing over the next six months. I am excited to be advancing exploration on multiple fronts across our entire portfolio where we have several value accretive milestones to unlock."
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AIM - LOSERS
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Tern PLC, down 19% at 1.175p, 12-month range 0.975p-4.4p. The Reading, England-based computer and network security company announces an underwritten open offer to raise approximately GBP340,140 through the issue of 34.0 million shares at 1.00p each. All qualifying shareholders are entitled to subscribe for open offer shares at the issue price on the basis of one open offer share for every 16 ordinary shares. Issue price represents a discount of approximately 28.6% to the closing middle market price of 1.40p on Wednesday. Tern says the offer is being underwritten in full by CMC Markets UK PLC, which has agreed to subscribe at the issue price in cash for all open offer shares that remain unsubscribed by qualifying shareholders. The offer is open for acceptance from Thursday until May 6.
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By Emma Curzon, Alliance News reporter
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Related Shares:
Lunglife AiThor ExplorTern