The following stocks are the leading risers and fallers on AIM in London on Monday.
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AIM - WINNERS
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Panther Securities PLC, up 24% at 340.00 pence, 12-month range 205.00p-350.00p. The London-based property investment company says revenue in 2021 rises 0.9% annually to £13.2 million from £13.1 million in 2020. Pretax profit jumps to £15.9 million from £2.6 million. Net asset value per share increases 13% to 553p at the end of 2021, from 488p a year earlier. Panther Securities maintains its annual dividend at 12p per share.
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musicMagpie PLC, up 12% at 53.00 pence, 12-month range 40.00p-200.00p. The Stockport, England-based used technology reseller says it has landed a deal to sell consumer electronics on Back Market, an online marketplace dedicated to selling refurbished devices. ‘The launch of musicMagpie’s products will occur on the Back Market UK marketplace by the end of this month and on the Back Market US marketplace in mid-May 2022,’ musicMagpie says.
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AIM - LOSERS
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Hummingbird Resources PLC, down 18% at 14.32p, 12-month range 10.55p-24.00p. First quarter output declines amid planned maintenance work. Output falls to 15,548 ounces of gold, down 32% annually from 22,781 ounces. The company has projects in Mali, Liberia and Guinea.
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Hutchmed (China) Ltd, down 5.8% at 245.09p, 12-month range 2.22p-248.50p. The biopharmaceutical company is hurt by its exposure to China. New Covid-19 fears from China have emerged. Lockdown worries sparked panic buying in Beijing on Monday. China is already trying to contain a wave of infections in its largest city, Shanghai, which has been almost entirely locked down for weeks. With a market capitalisation of £2.13 billion, Hutchmed is among the largest AIM listings.
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