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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Filtronic PLC, up 8.5% at 16.82 pence, 12-month range 10.5p-18p. The designer and manufacturer of products and sub-systems wins a £3.2 million contract to develop space payload communication systems for the European Space Agency. Under the contract, Filtronic will develop advanced mmWave products for broadband connectivity from low earth orbit satellites to receiving ground stations. Programme will begin immediately and final hardware is expected to be delivered by March 2025.
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Renalytix PLC, up 8.3% at 130p, 12-month range 44p-155p. The London-based kidney health-focused diagnostics company announces a distribution deal with Dubai-based Vector Pharma FZCO for its kidneyintelX.dkd testing in the Middle East. The prognostic test, used to identify type two diabetes and chronic kidney disease in adults, will be made commercially available in Saudi Arabia, Bahrain, Qatar, Oman, Kuwait, and United Arab Emirates.
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AIM - LOSERS
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Bowleven PLC, down 8.7% at 1.60p, 12-month range 0.76p-5p. The Cameroon-focused oil and gas, exploration and production company notes recent movement in its share price and is not aware of ‘any particular reason’ for the sudden increase. Shares in Bowleven are up 43% over the past five days. Says it has been considering fundraising options, and expects to seek additional equity capital in the year to assist with its ongoing corporate activities; which it noted in its March 30 statement. ‘Planning for an equity fundraising has continued since then but is not yet at an advanced stage and there can be no certainty that a fundraising will be concluded, nor as to the structure or terms of any such fundraising,’ Bowleven says.
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Thruvision Group PLC, down 8.2% at 28p, 12-month range 20p-32.28p. The people-screening technology company shares annual results for a ‘breakthrough year’. In the 12 months to March 31, revenue rises 49% to £12.4 million from £8.4 million annually, while pretax loss narrows to £1.0 million from £1.9 million. ‘We have now taken a significant step forward towards meeting our key strategic objectives of becoming the leading provider of walk-through security technology to the international market and delivering sustainable profitability as a group,’ says CEO Colin Evans.
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