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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Ocean Harvest Technology Group PLC, up 16% at 16.00 pence, 12-month range 14.26p-27.00p. The Theale, England-headquartered producer of seaweed ingredients for animal feed notes positive results from four recently completed feed trials. The positive results include OceanFeed Poultry supplement, which improved egg production and feed effivciency in laying hens, bosting income per hen. Other trial results showed benefits for OceanFeed Aqua and OceanFeed Swine. ‘These results add to the company’s substantive dataset demonstrating the efficacy of OceanFeed in improving animal performance across a range of species, and highlights the important benefits of using OceanFeed ingredients in a number of applications,’ it says.
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Litigation Capital Management Ltd, up 12% at 77.70p, 12-month range 63p-96.4p. The asset manager specialising in dispute financing solutions says claimant backed in London arbitration proceeding wins award in its favour. Notes the subject matter, finding and funding terms are all subject to confidentiality. CEO Patrick Moloney says the outcome shows two strengths of LCM’s business and its investment strategy. ‘First, it validates the skillset of our investment managers in undertaking a rigorous due diligence exercise and accurately predicting the final outcome of a large and complex commercial dispute resolved through arbitration. Secondly, it is an example of an investment which we had originally expected to resolve in a prior financial period,’ Moloney says.
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Abingdon Health PLC, up 8.9% at 16.00p, 12-month range 3.6p-18.5p. The developer and manufacturer of rapid diagnostics tests launches a saliva-based pregnancy test, Salistick, in the UK and Ireland. Says the test will launch across 400 Superdrug stores and online on Superdrug.com. Will also launch test on its own direct-to-consumer e-commerce channel, co-branded Abingdon Simply Test. Says it is exclusive distributor of the test in UK&I for its Israeli develop Salignostics Ltd. Says the global pregnancy test kit market was valued at $1.70 billion in 2022, and is expected to reach $2.23 billion by 2028.
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AIM - LOSERS
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Kistos Holdings PLC, down 6.3% at 255p, 12-month range 223p-665p. The energy industry investor announces the conclusion of exploration drilling on the Benriach well, West of Shetland. The discovered resource is expected to be ‘sub-commercial’, although the well encountered has bearing sangs in the target Royal Sovereign formation. ‘The well has been drilled ahead of schedule and the final cost is expected to be within previous guidance,’ Kistos adds. It holds a 25% non-operated working interest in P.2411 licence, with TotalEnergies SA holding 50% as operator, and Rockrose Energy holding the remainder.
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