31st May 2022 10:44
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.
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SMALL-CAP - WINNERS
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IQ-AI Ltd, up 9.4% at 4.38 pence, 12-month range 3.90p-9.30p. Subsidiary Imaging Biometrics submits marketing application in the US for IB Zero G - its patented artificial intelligence software that eliminates the need for gadolinium-based contrast agents in routine magnetic resonance imaging exams. "The zero-dose GBCA exam offers potential benefits which include reduced concerns associated from the long-term side effects of repeated GBCA use, a more comfortable patient experience, and more productive radiology departments," company explains. Says this application - submitted to the US Food & Drug Administration - is the "first step in potentially transforming the global GBCA market and introducing a paradigm shift in radiology departments."
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SMALL-CAP - LOSERS
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Cobra Resources PLC, down 6.3% at 2.02 pence, 12-month range 1.20p-3.15p. Pretax loss in 2021 widens to GBP1.7 million from GBP1.0 million loss in 2020, with finance income & costs rising to GBP1.1 million from GBP39,755, taking total costs to GBP1.7 million from GBP845,404. "Despite ongoing challenges associated with the Covid-19 pandemic, the company has delivered a significant field programme that has achieved outstanding exploration success. This success places Cobra in the enviable position of defining an exclusive dual commodity approach as we work towards updating the defined gold mineral resource and providing a maiden rare earth resource estimation," Chair Greg Hancock says.
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By Paul McGowan; [email protected]
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