Source - Alliance News

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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Proteome Sciences PLC, up 32% at 4.94 pence, 12-month range 3.2p-5.35p. The drug development services provider says revenue in 2022 is estimated to have grown by 53% to £7.8 million from £5.1 million in 2021, with services seeing 42% growth. Sales, royalties and milestones attributable to TMT/TMTpro reagents are estimated to have risen 56%. Earnings before interest, tax, depreciation and amortisation are estimated at £2.0 million, multiplying from £600,000 in 2021. Looking ahead to 2023, Proteome expects further growth in reagents and strong progress in services, with over £1.1 million in purchase orders being carried over into the new year.

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Mosman Oil & Gas Ltd, up 11% at 0.06p, 12-month range 0.05p-0.17p. The oil explorer, developer and producer receives sacred site clearance certificate for the EP145 permit, in the highly prospective area of Amadeus Basin in central Australia. The certificate is provided from the Central Land Council. Chair John Barr says the SSCC is a ‘major step forward’ for securing several other approvals for its seismic programme to explore the permit.

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AIM - LOSERS

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Verditek PLC, down 26% at 0.54p, 12-month change 0.5p-3.0p. The solar panels producer says it has received a notice for its distribution agreement with partner Bradclad Group to be terminated. In October, the company had said it could no longer be considered the ‘exclusive supplier’ to a joint-venture between Bradclad and Norwegian PVC single-ply roof membrane manufacturer Protan. It said at the time it had been made aware that Bradclad was working with another manufacturer. Verditek adds on Monday: ‘The company has been taking steps for the recovery of sums due under the agreement.’

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TekCapital PLC, down 17% at 16.8p, 12-month range 14.75p-37.8p. The intellectual property investors falls on discounted placing of 14.1 million shares at 16p each. The issue price represents a 21% discount to Friday’s closing price of 20.2p. TekCapital will use the £2.3 million in proceeds to building inventory of MicroSalt Ltd, buy autonomous shuttles for Guident’s remote control monitoring centre clients, and as working capital.

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Related Charts

Proteome Sciences PLC (PRM)

+0.06p (+2.21%)
delayed 16:45PM

Mosman Oil And Gas Limited (MSMN)

-0.00p (-4.76%)
delayed 16:57PM

Tekcapital PLC (TEK)

+0.25p (+2.94%)
delayed 16:57PM