20th Aug 2024 10:24
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Tuesday.
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AIM - WINNERS
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N4 Pharma PLC, up 12% at 0.61 pence, 12-month range 0.36p-1.60p. The pharmaceutical company updates on its work with SRI International. It said SRI has successfully completed the chemistry work and shown that a Fox Three Molecular Guidance System can be added to Nuvec without altering its loading capability. Chief Executive Nigel Theobald says: "This is an exciting development for us as it clearly shows that Nuvec is capable of targeting specific cells via the addition of a relevant ligand, something the industry is actively looking for. We will now start working on a combined marketing pitch deck allowing SRI and N4 Pharma to present this data and its implications to major pharma and biotech players that need a targeting delivery system for their nucleic acid programs."
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AIM - LOSERS
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Shuka Minerals PLC, down 44% at 4.45p, 12-month range 3.50p-14.30p. The mining company says it has been served an initial drawdown notice for GBP500,000 for general working capital purposes. It says this is pursuant to the GBP2 million unsecured convertible note instrument with AUO Commercial Brokerage LLC. "AUO has advised the company that its investment capital is currently tied up in ongoing transactions which have taken longer to conclude than they initially anticipated, and accordingly it does not have access to the requested initial CLN drawdown funds," it says.
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MobilityOne Ltd, down 26% at 2.00p, 12-month range 2.00p-10.00p. The e-commerce payment solutions provider sees shares fall after being restored to trading. It reports that revenue in 2023 edges up to GBP241.7 million from GBP233.8 million a year earlier. It swings to a pretax loss of GBP1.4 million from a profit of GBP278,978. Cost of sales in the period rise to GBP229.7 million from GBP221.0 million. Administrative expenses rise to GBP12.2 million from GBP11.9 million. Finance costs climb to GBP236,058 from GBP137,143.
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By Sophie Rose, Alliance News senior reporter
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