The following stocks are the leading risers and fallers on AIM in London on Friday.
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AIM - WINNERS
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FireAngel Safety Technology Group PLC, up 16% at 8.00 pence, 12-month range 7.00p-15.00p. The home safety products’ maker wins a deal with unnamed government agency to provide smoke and heat alarms as part of a large, connected alarm project for low income families in the Middle East. The contract is valued at about £1.5 million, which will be delivered over the next six months, starting this month.
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Eden Research PLC, up 6.0% at 4.50 pence, 12-month range 3.00p-6.88p. The producer of biopesticides and technology for crop protection and animal health wins regulatory approvals for its Cedroz and Mevalone products. Cedroz has been approved in California and Mevalone in Florida. Cedroz is a soil care product, while Mevalone is aimed at preventing growth of the botrytis cinerea fungus on plants. ‘It is expected that meaningful product sales will begin in time for the 2024 growing season and estimated that peak market penetration will be reached after three years. Potential sales in the US, as a whole, are estimated to be €2.8 million for Mevalone and €5.7 million for Cedroz, based on peak sales and a full label of all key target diseases and crops,’ Eden says.
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AIM - LOSERS
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Blackbird PLC, down 25% at 7.50p, 12-month range 6.55p-22.00p. Shares in the cloud video editing platform slump as it receives notice from a customer that it will terminate a contract. A&E Television Networks LLC, whose business accounts for less than 10% of Blackbird’s revenue, issues the notice. A&E is jointly-owned by Walt Disney Co and Hearst Communications Inc. A&E owns the History and Lifetime television channels.
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