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Pin to quick picksAvacta Group Share News (AVCT)

Share Price Information for Avacta Group (AVCT)

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Share Price: 48.00
Bid: 47.50
Ask: 48.50
Change: -1.75 (-3.52%)
Spread: 1.00 (2.105%)
Open: 49.75
High: 48.75
Low: 47.75
Prev. Close: 49.75
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AIM WINNERS & LOSERS: Warpaint tops outlook; Avacta's Covid test works

Tue, 20th Apr 2021 11:35

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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AIM - WINNERS

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Warpaint London, up 15% at 124.00 pence, 12-month range 35p-124p. The UK-based cosmetics retailer says trading in the second half of 2020 was stronger than previously anticipated and improved trading has continued to be experienced in the first quarter of 2021. Sales for the first three months of 2021 are ahead of the prior year and product gross margin also improved in the first quarter of 2021. Sales of the company's W7 branded products through Tesco stores in the UK continue to perform well, while activities in the US have been successfully refocused and restructured with the aim of increasing margin, reducing costs and building sales.

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Avacta Group, up 12% at 261.25p, 12-month range 52.00p-291.80p. The UK-based biotechnology company reports positive data from the clinical validation of its AffiDX SARS-CoV-2 antigen lateral flow test. Data from the clinical study conducted in Europe on 98 positive Covid-19 samples demonstrate "excellent" performance in identifying the SARS-CoV-2 virus. These data points now will be combined with stability and other performance data from ongoing studies to finalise the technical file for CE marking the AffiDX SARS-CoV-2 antigen lateral flow test for professional use, allowing the company to begin commercial roll-out in Europe in May, it says.

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Tatton Asset Management, up 9.8% at 415.00p, 12-month range 244.00p-428.10p. The investment company expects its results for the year to the end of March to be ahead of all analysts' forecasts. Tatton says it further improved its performance in the second half of the year with net inflows of GBP427 million, an increase of 30% on the first six months of the year. The year ended with assets under management at GBP9.0 billion, up from GBP6.7 billion a year before.

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Hargreaves Services, up 8.6% at 336.51p, 12-month range 190.00p-349.90p. The UK-based engineering services company reports improved trading results from its German joint venture and material improvement in cash levels. Hargreaves Raw Material Services is exceeding expectations, with favourable market conditions have benefiting the business. Hargreaves Land, the company's property development business, also continues to trade in line with expectations. Hargreaves Services also says it has experienced material cash inflows due to working capital reductions. As a result, it now expects that year-end cash balances will be substantially higher than market expectations.

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AIM - LOSERS

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Lekoil, down 17% at 1.57p, 12-month range 1.16p-3.06p. The Lagos, Nigeria-based oil exploration and production firm reports the resignations of Michael Ajukwu and Mark Simmonds as non-executive directors. Ajukwu, who had just become chair in January, has decided to step down from the board from Wednesday. Lekoil says Anthony Hawkins will act as interim chair until a new chair is appointed.

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Filta Group Holdings, down 7.2% at 141.54p, 12-month range 57p-160p. The waste management service company says revenue fell 34% in 2020 to GBP16.4 million, reflecting impact of Covid-19. Despite impact of lockdowns, the company says it gained 935 and 750 new customers in 2020 in the US and UK, respectively. Pretax profit, excluding non-cash charges remained positive at GBP600,000 compared to GBP2.6 million posted for 2019. "With the Group now much more efficient and with a strong pipeline of sales in place, I believe the outlook is very promising as we exit these challenging times," says Chief Executive Jason Sayers.

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By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
21 Mar 2024 13:10

Avacta reaches milestone in AVA6000 dose escalation

(Sharecast News) - Avacta Group announced a significant milestone in its phase 1a dose escalation study of AVA6000, its lead 'preCISION' drug, on Thursday.

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21 Mar 2024 10:37

Avacta doses third patient in drug conjugate trial for tumour tissue

(Alliance News) - Avacta Group PLC on Thursday said it dosed the third patient in the first cohort of its phase 1a dose escalation study for its lead preCision drug AVA6000.

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18 Mar 2024 14:31

IN BRIEF: Avacta shareholders give AGM go-ahead to issue new shares

Avacta Group PLC - Wetherby, England-based life sciences company developing oncology drugs and diagnostics - At annual general meeting on Monday, shareholders approved the resolution to issue 23.9 million placing shares and 10.9 million Rex offer share, both at 50 pence each. This raises gross proceeds of around GBP11.9 million and GBP5.4 million respectively. Combined with proceeds from an earlier firm placing and direct subscription, the shares for which were admitted to trading on March 4, Avacta has raised total gross proceeds of GBP31.1 million.

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5 Mar 2024 17:09

EARNINGS AND TRADING: Harland & Wolff wins major Falklands contract

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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29 Feb 2024 12:18

Avacta increases placing size to GBP26 million thanks to strong demand

(Alliance News) - Avacta Group PLC on Thursday said it is increasing its placing to GBP25.7 million, "in light of the strong demand."

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29 Feb 2024 10:27

AIM WINNERS & LOSERS: Beacon Energy and Avacta fall on fundraise

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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29 Feb 2024 08:27

Avacta tumbles after raising £25.7m in heavily discounted placing

(Sharecast News) - Healthcare therapeutics company Avacta tumbled on Thursday after a heavily discounted placing.

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28 Feb 2024 20:31

TRADING UPDATES: Avacta plans fundraise to fund clinical development

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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19 Jan 2024 11:18

Avacta appoints new head of research and development

(Sharecast News) - Oncology drugs and diagnostics developer Avacta announced the appointment of Dr Christina Coughlin as its new head of research and development for the therapeutics division on Friday.

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19 Jan 2024 09:11

IN BRIEF: Avacta says new head of R&D Coughlin brings "deep expertise"

Avacta Group PLC - Wetherby, England-based life sciences company developing oncology drugs and diagnostics - Appoints Christina Coughlin as head of research and development. Coughlin, who will take up the position on February 1, has served as a non-executive director of Avacta since March 2022 and was appointed consultant in interim in September 2023. She previously served as chief executive officer of Cytoimmune Therapeutics LLC, a clinical stage biotechnology company focused on novel cancer immunotherapy products. In the new role, Coughlin will oversee clinical and pre-clinical research and development activities for the company's therapeutics division, while retaining her position on as an executive director of Avacta. The company says that Coughlin has been "pivotal" in the development strategy for its AVA6000 tumour-targeted therapy.

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19 Dec 2023 10:24

Avacta appoints new chief business officer

(Sharecast News) - Oncology drugs and diagnostics specialist Avacta Group announced the appointment of Dr Simon Bennett as the chief business officer of its therapeutics division on Tuesday.

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19 Dec 2023 09:57

IN BRIEF: Avacta taps biopharma veteran as Therapeutics business chief

Avacta Group PLC - Wetherby, England-based life sciences company developing oncology drugs and diagnostics - Hires Simon Bennett as chief business officer of Therapeutics division. Says Bennett has over 26 years of commercial experience in the biopharma industry and has "worked with" various large and mid-sized companies like Bristol-Myers Squibb Co and Menarini Group.

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13 Dec 2023 11:49

Avacta says study shows cancer treatment AVA6000 working as planned

(Alliance News) - Avacta Group PLC on Wednesday celebrated strong results from its latest cancer-targeting study, which showed the release of a chemotherapy to the tumour as intended.

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13 Dec 2023 07:46

Avacta hails "encouraging" clinical data from cancer-targeting study

(Sharecast News) - Oncology drugs group Avacta has announced positive results from its lead pre|CISION programme, AVA6000, which it says has the potential to be "truly remarkable".

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28 Sep 2023 11:08

IN BRIEF: Avacta loss widens on cost rise but clinical tests positive

Avacta Group PLC - Wetherby, England-based life sciences company that develops targeted oncology drugs and diagnostics - Pretax loss widens to GBP12.8 million in the six months that ended June 30 from GBP9.7 million a year before. Revenue doubles to GBP11.9 million from GBP5.5 million, but selling, general and administrative expenses near double as well, to GBP8.6 million from GBP4.7 million. Research costs are steady at GBP6.0 million. Has GBP26.0 million cash, up from GBP17.0 million a year before, though down from GBP41.8 million on December 31. Highlights success of AVA6000, a chemotherapy drug for cancer patients, in a Phase 1a clinical study. Avacta aims to complete a dose escalation safety study and provide results during the fourth quarter.

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