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AIM WINNERS & LOSERS: Harvest Minerals slashes annual sales forecast

Fri, 30th Jun 2023 10:48

(Alliance News) - 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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Renalytix PLC, up 60% at 122 pence, 12-month range 44p-155p. The London-based kidney health-focused diagnostics company says the US Food & Drug Administration has granted marketing authorisation for its KidneyIntelX.dkd prognostic testing platform. The FDA's approval will lead to increasing test adoption, insurance coverage, and additional international regulatory approvals, it says. KidneyIntelX.dkd platform is used for type two diabetes and kidney disease care management. Chief Executive James McCullough said: "Meeting the rigorous safety, clinical and analytical validation, and scientific data requirements of an FDA review, from breakthrough device designation to de novo marketing authorisation, is a landmark event for health care providers and patients with diabetic kidney disease."

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AIM - LOSERS

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Trackwise Designs PLC, down 50% at 0.20p, 12-month range 0.13p-0.49p. The manufacturer of products using printed circuit technology warns that production delays caused by an electric vehicle original equipment manufacturer have yet to be resolved. Consequently, the planned increase in working capital following the start of production has been delayed. The firm has a cash runway to last "at least into July". Will review funding options after it finds out whether it has been nominated as a new supplier by a potential new customer. Additionally, updates on its 2022 results, expecting to report pretax loss of GBP7.7 million, widening year-on-year from GBP2.0 million. Revenue is expected to fall to GBP7.5 million from GBP8.0 million. The audit of the results has been delayed, which will result in a suspension of firm's shares from Monday until the results can be published.

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Harvest Minerals Ltd, down 30% at 3.3p, 12-month range 2.75p-14.96p. The fertiliser producer with operations in Brazil says 2023 is shaping up to be a "somewhat complex year", as sales of its KP Fertil product are hit by farmers reducing purchases in anticipation of future price drops. In the first half, says new sales orders invoice and delivered total 27,000 tonnes, compared to its budget of 60,000 tonnes. Revises 2023 invoiced sales target to 120,000 tonnes from 200,000 tonnes previously. Additionally, posts 2022 annual results, swinging to pretax profit of USD472,580 from USD4.2 million loss, as revenue from fertiliser sales rises to USD8.6 million from USD4.9 million.

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By Elizabeth Winter, Alliance News senior markets reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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18 Apr 2023 18:49

TRADING UPDATES: FireAngel signs two delivery and production deals

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

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14 Feb 2023 09:54

Harvest Minerals wins payment via court ruling as cash grows in 2022

(Alliance News) - Harvest Minerals Ltd on Tuesday praised a local civil court decision in Brazil's municipality Patos de Minas, as it gave a trading update highlighting more cash in 2022.

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24 Jan 2023 12:29

Harvest Minerals 2022 sales surge; has high hopes for 2023 performance

(Alliance News) - Harvest Minerals Ltd on Tuesday said sales volume doubled in 2022, with a strong sales pipeline in place for 2023.

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29 Sep 2022 16:27

Harvest Minerals shares slide even as losses narrow

(Sharecast News) - Fertiliser producer Harvest Minerals reported a first-half loss after tax of $0.88m on Thursday, narrowing from $1.07m year-on-year.

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29 Sep 2022 11:49

Harvest Minerals shares plunge despite narrowed loss and revenue jump

(Alliance News) - Harvest Minerals Ltd on Thursday reported a surge in interim revenue as KP Fertil fertilizer sales rose, already exceeding the 2022 sales target.

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23 Aug 2022 15:54

UK shareholder meetings calendar - next 7 days

Wednesday 24 August 
Amur Minerals CorpGM subsidiary sale
Creightons PLCAGM
Goldstone Resources LtdAGM
Thursday 25 August 
Ince Group PLCGM fundraising
McBride PLCGM increase in borrowing limit
NatWest Group PLCGM re approval of special dividend
Nuformix PLCAGM
Triple Point Energy Efficiency Infrastructure Co PLCAGM
Friday 26 August 
no events scheduled 
Monday 29 August 
no events scheduled 
Tuesday 30 August 
Afentra PLCGM re acquisition of Block 3/05 and Block 23 interests
Harvest Minerals LtdAGM
Iomart Group PLCAGM
JPMorgan Global Growth & Income PLCGM re combination of assets with Scottish Investment Trust PLC
Sivota PLCAGM
Stanley Gibbons Group PLCEGM re delisting from AIM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
4 Aug 2022 19:33

IN BRIEF: Harvest Minerals to pull out of Miriri phosphate project

Harvest Minerals Ltd - London-based fertiliser producer - Following due diligence on Miriri phosphate project in Pernambuco, Brazil, after acquiring the project in November 2021, company decides to not proceed with the project on the grounds of the geological and economic merits not reaching Harvest's minimum investment criteria.

Read more
30 Jun 2022 14:06

EARNINGS UPDATES: Carclo posts lower profit, SEEEN narrows loss

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

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30 Mar 2022 10:50

IN BRIEF: Harvest Minerals says KP Fertil sales exceed expectations

Harvest Minerals Ltd - London-based fertiliser producer - Posts total sales orders of 70,200 tonnes of its fertiliser KP Fertil for the first quarter of 2022. Amount sold is eight times higher than the initially expected sales orders of 8,656 tonnes, similar to the 8,872 tonnes it sold a year ago.

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8 Mar 2022 15:36

Harvest Minerals beating sales forecasts by over 1,000pc

(Sharecast News) - Fertiliser producer Harvest Minerals updated the market on trading of its organic multi-nutrient product 'KP Fértil' on Tuesday, reporting much better order progress than expected in the year so far.

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8 Mar 2022 12:33

TRADING UPDATES: Tasty sales rise; Synectics wins National Grid deal

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

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8 Mar 2022 11:11

AIM WINNERS & LOSERS: Harvest sales surge; Sunrise ends project talks

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

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7 Mar 2022 11:32

AIM WINNERS & LOSERS: Harvest gets approval; CareTech faces takeover

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

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7 Mar 2022 10:53

Harvest Minerals shares leap after fertilizer certification in Brazil

(Alliance News) - Harvest Minerals said on Monday that its multi-nutrient KP Fertil had been approved as a mineral fertilizer by Brazil's Ministry of Agriculture, Livestock & Food Supply.

Read more

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