1st Apr 2022 09:56
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.
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AIM - WINNERS
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Simec Atlantis Energy Ltd, up 41% at 2.19 pence, 12-month range 0.011p-2.30p. Says MeyGen has secured a non-convertible loan of GBP2.5 million from Scottish Enterprise, which will enable the redeployment of the remaining two turbines at the MeyGen site within the next 12 months. Simec owns 77% stake in MeyGen. The first of these turbines is scheduled for redeployment in May 2022 and the final turbine will be deployed in March 2023.
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Quiz PLC, up 40% at 15.09p, 12-month range 0.085p-16.23p. The fashion brand expects to report an annual profit, helped by revenue coming in ahead of expectations. For the financial year which ended March 31, Quiz expects to post revenue of GBP78.0 million, which would top expectations and be up 96% from GBP39.7 million from the year prior. "Positive sales momentum" it saw over the Christmas period continued into the final quarter of its financial year. The company expects earnings before interest, tax, depreciation and amortisation of no less than GBP4.3 million for financial 2022. Pretax profit is expected to amount to no less than GBP500,000.
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AIM - LOSERS
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4D Pharma PLC, down 16% at 39.95p, 12-month range 124.80p-24.46p. The pharmaceutical company posts widened pretax loss for 2021. Pretax loss stretches to GBP57.5 million from GBP30.3 million the year before. Loss in non-recurring items surges to GBP44.4 million in 2021 from GBP3.1 million the year before, largely stemming from completion of merger with Longevity Acquisition Corp, a special purpose acquisition company.
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Oracle Power PLC, down 9.1% at 0.35p, 12-month range 0.28p-0.64p. Raises GBP800,000 through placing to support green hydrogen project. "We have been clear in our intention to rapidly move our green hydrogen ambitions forward and today's placing, will enable us to do just that through our newly established joint venture. Importantly, this fundraising will support our funding for Oracle Energy, ensuring that we are well positioned to make good headway with this significant strategic project without delay," says Chief Executive Naheed Memon.
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Atalaya Mining PLC, down 6.4% at 379.18p, 12-month range 265.00p-450.00p. Yanggu Xiangguang Copper Co Ltd sells entire 22% stake in Atalaya. The shares are placed with institutional investors by Canaccord Genuity Ltd on behalf of ICBC Standard Bank PLC in a bookbuild announced after the London market close on Thursday. The 30.7 million shares are sold at 320 pence each, worth GBP98.2 million.
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By Lucy Heming; [email protected]
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Related Shares:
SIMEC Atlantis EnergyQuizDDDD.LOracle PowerAtalaya Mining