The following stocks are the leading risers and fallers on AIM in London on Wednesday.
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AIM - WINNERS
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Provexis PLC, up 16% at 1.00 pence, 12-month range 0.7p-1.15p. Enters transfer of business agreement and a premix and market-ready solutions supply agreement for heart-health functional food ingredient Fruitflow, both with effect from the start of 2023, after talks with DSM Nutritional Products to replace their alliance agreement which runs to the end of 2022. Also files new patent application relating to the use of Fruitflow to confer health benefits in modulating the gut microbiome of humans.
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Learning Technologies Group PLC, up 4.7% at 114.4p, 12-month range 105p-239p. Reports continuation of strong business momentum into the first half of 2022. The London-based digital learning and talent management services provider says the acquisition of GP Strategies has progressed ahead of plan, providing the expanded company with a platform to gain a further stake in the digital learning and talent management market. ‘While mindful of the current macro environment, strong business momentum has continued into the first half of 2022 and we have a robust balance sheet that will support further strategic acquisitions in due course, underpinning the board’s confidence of significant progress,’ says Chair Andrew Brode.
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AIM - LOSERS
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Corcel PLC, down 13% at 0.8961p, 12-month range 0.9p-2.2p. The mining and mineral resource development company says all parties have mutually agreed to end the company’s marketing rights and the funding efforts associated with the Avonmouth project. The company and Altana, given the ‘strong bias of Altana and investors more generally’ towards non fossil fuel projects, will now focus on energy storage opportunities across the UK. ‘Whilst it is of course disappointing to end our negotiations on Avonmouth after many months of effort, we recognize the practical dominance of ESG sentiments with infrastructure and energy investors,’ says Chief Executive Scott Kaintz.
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Xeros Technology Group PLC, down 11% at 37.00p, 12-month range 32p-248p. The environmental technology firm says revenue for 2021 rises to £474,000 from £385,000 in 2020. Pretax loss narrows to £6.9 million from £7.6 million. Expects to achieve cash breakeven in 2024 and profitability at the earnings before interest, tax, depreciation and amortisation level.
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