The following stocks are the leading risers and fallers on AIM on Thursday.
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AIM - WINNERS
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N4 Pharma PLC, up 18% at 0.65 pence, 12-month range 0.36p-1.50p. The pharmaceutical company developing the Nuvec gene delivery system for cancer therapies says a programme ‘clearly demonstrates’ the strength of the offering. Small interfering RNA and messenger RNA treatments are ‘demonstrably enhanced when delivered by targeted Nuvec particles’, according to in vitro experiments. ‘A Nuvec formulation dual loaded with both therapeutics at the same time shows equivalent efficacy to the separate treatments,’ N4 adds. In vitro refers to studies performed outside a living organism, so they may occur in test tubes or petri dishes.
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Velocity Composites PLC, up 11% at 23.84p, 12-month range 19.60p-48.00p. In a trading statement, the composite material kits to aerospace says revenue for the financial year that ended October 31 is ahead of current market forecasts. Revenue rises 40% to £23.0 million from £16.4 million, ‘driven by growing US sales’. It achieves positive earnings before interest, tax, depreciation for the first time since the pandemic. Earnings before interest, tax, depreciation and amortisation totals £400,000, swinging from a loss of £1.6 million.
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AIM - LOSERS
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Van Elle Holdings PLC, down 3.8% at 36.56p, 12-month range 32.11p-46.00p. The ground engineering contractor expects to report revenue in the six months that ended October 31 fell 5% to £65 million from £68 million a year prior. ‘Market conditions have continued to be challenging across all sectors. Workload has been subdued in Rail, as the sector transitions from CP6 into CP7, and Highways continues to experience project delays,’ Van Elle says. CP7 is UK Network Rail’s control period 7, which sets out planned work and expenditure on mainline railway infrastructure. Van Elle continues: ‘The impact of the building safety act has caused delays to start dates of taller residential schemes however encouragingly the new build housing sector has continued to recover, with a strong pipeline of work planned for delivery throughout the second half of the financial year.’
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