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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CAP-XX Ltd, up 38% at 0.55 pence, 12-month range 0.36p-2.9p. After dropping sharply on Wednesday amid developments in ligation with Maxwell Technologies Inc, the designer and manufacturer of supercapacitors and energy management systems updates on the case. Notes Maxwell has applied for extension to lodge application to claim costs from the firm. Says claim would cover court-related costs only, without legal or expert witness expenses. ‘This filing was procedural and does not substantively impact CAP-XX and only came to the attention of the company and board in the latter part of last week,’ it says. Firm is in negotiations to ensure the potential claim and all other litigation matters are ‘resolved in a cost-effective manner as soon as possible’. Also says current outstanding orders continue to increase, totalling $1.3 million currently, of which $800,000 is expected to be shipped in the current financial year. Is ‘pleased’ with the level of business activity, given this period typically sees slow order intake. The stock remains down 20% over the past week, however.
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Animalcare Group PLC, up 18% at 228.00p, 12-month range 145p-230p. The York, England-based veterinary drug maker announces the disposal of its majority shareholding in pet microchipping company Identicare Ltd for £24.9 million in cash. ‘This represents a significant crystallisation of value for the company and its shareholders from a non-core asset and allows the company to focus on growth in its pharmaceutical-based animal health market,’ it says.
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AIM - LOSERS
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Image Scan Holdings PLC, down 22% at 1.08p, 12-month range 1.08p-2.55p. The x-ray screen system supplier’s shares fall to a 12-month low, following a trading update. Reports slower start to trading in 2024 in regards to sales and order intake. As at January, its order book stood at £611,000. Now expect results for the year to be ‘significantly’ weighted towards the second half. Says the board and its largest shareholder have begun to identify and analyse organisations which could offer potential partnerships and acquisition opportunities.
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