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AIM WINNERS & LOSERS: Aptamer soars on Alzheimer's test success

Wed, 14th Jun 2023 09:50

(Alliance News) - 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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Aptamer Group PLC, more than doubles to 25.03 pence, 12-month range 8.00p-100.00p. The biotechnology firm reports success in the development of Optimer binders to enable a lateral flow test for the early diagnosis of Alzheimer's disease. "We are pleased to be able to support the team at Neuro-Bio with the development of Optimer binders to enable their revolutionary diagnostic for Alzheimer's disease. Optimer binders have proven performance in lateral flow test formats and our success in delivering functional Optimer binders to Neuro-Bio's biomarker facilitates further diagnostic development," says Interim Chief Executive Rob Quinn. Last month, Arron Tolley left as chief executive with immediate effect, with Quinn - who had been chief financial officer - taking over as interim CEO.

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Barkby Group PLC, up 40% to 5.24 pence, 12-month range 3.20p-12.00p. The investment firm says its subsidiary, Cambridge Sleep Sciences, has signed a new partnership and license agreement with Bowers & Wilkins, part of the consumer audio division of medical technology firm Masimo. The agreement enables SleepEngine technology, developed by CSS, to be delivered through Bowers & Wilkins Audio's products. Masimo Consumer Audio will be responsible for marketing and distributing SleepEngine. CSS and Bowers & Wilkins will share the revenue generated from the new service.

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AIM - LOSERS

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GCM Resources PLC, down 29% at 3.00 pence, 12-month range 2.45p-7.88p. The Bangladesh-focused resource exploration and development company raises GBP500,000 through a placing, and says it will need to carry out an additional fundraise before the end of the year. The firm places 20.0 million shares at 2.5 pence each. This represents a 41% discount to the closing price of 4.25p on Tuesday. GCM says the net proceeds of the placing are for "general working capital purposes." Looking ahead, GCM says it will need to carry out an additional fundraise before the end of 2023 to fund its working capital into 2024.

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San Leon Energy PLC, down 30% at 15.69 pence, 12-month range 15.56p-57.78p. The Nigeria-focused oil and gas producer updates on its proposed refinancing and its current financial situation. Says it is continuing discussions relating to an alternative USD50 million loan facility to be used for conditional investments in Energy Link Infrastructure (Malta) Ltd and to support the company's working capital requirements. Notes that the proposed refinancing has not progressed as fast as expected. Adds that though the discussions are at a "very advanced stage" it has not yet been able to access the funding from such an alternative loan facility. Consequently, San Leon has received "very limited" cash inflows. The company currently has approximately USD10.5 million of unpaid creditors, including directors, employees, professional advisers and tax authorities. Reassures that it is confident that following the proposed refinancing being successfully concluded, all creditors will be settled in full shortly afterwards.

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By Heather Rydings, Alliance News senior economics reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
1 Sep 2023 18:29

IN BRIEF: San Leon Energy extends longstop date for two transactions

San Leon Energy PLC - oil and gas production, development and exploration company focused on Nigeria - Announces further extension to the longstop dates for the proposed transactions with Midwestern Oil & Gas Co Ltd and the company's further conditional investments in Energy Link Infrastructure (Malta) Ltd. All longstop dates have now been extended to September 30. In discussions with Midwestern on whether a potential revision to the transaction can be agreed to allow completion to occur whilst the new eroton debt facilities and the Sahara OML 18 acquisition continue to be delayed for reasons outside of the company's control. There can be no guarantee that any such revised terms will be agreed. Further, remains in talks with a third party in relation to securing an alternative loan facility of USD50.0 million. In addition, remains in talks with ELI regarding making further potential investments of up to USD37.0 million, in ELI, which would be conditional, on completing the alternative loan facility of USD50.0 million.

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8 Aug 2023 13:50

IN BRIEF: San Leon Energy invests in Energy Link Infrastructure

San Leon Energy PLC - oil and gas production, development and exploration company focused on Nigeria - Announces a further investment of USD5.0 million in Energy Link Infrastructure (Malta) Ltd, which owns the new pipeline and the floating storage and offloading vessel for the OML 18 oil and gas field in Nigeria. The further investment in ELI is being funded by the company taking a USD5.0 million loan from funds managed by Toscafund Asset Management LLP.

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1 Aug 2023 17:39

TRADING UPDATES: C4X Discovery inks Indivior deal, Digitalbox expands

(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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4 Jul 2023 16:42

TRADING UPDATES: Voyager Life pulls out of Polish deal with Goodbody

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

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14 Jun 2023 10:21

San Leon Energy clings to optimism as refinancing talks stall

(Alliance News) - San Leon Energy PLC on Wednesday said it is "optimistic" about ongoing refinancing discussions and the potential sale of a Nigerian oil field, and is "confident" that it still can repay all creditors once refinancing concludes.

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9 May 2023 12:35

San Leon still seeks to sell Decklar Petroleum investment in Nigeria

(Alliance News) - San Leon Energy PLC on Tuesday noted a production update by Decklar Resources Inc, as San Leon continues to pursue a potential sale of its non-core investment in Decklar's Nigerian arm.

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3 Apr 2023 18:05

TRADING UPDATES: Redx confirms Jounce deal lapses, Tirupati seals deal

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

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24 Mar 2023 10:51

San Leon Energy refinancing advancing more slowly than expected

(Alliance News) - San Leon Energy PLC on Friday said discussions regarding its refinancing have advanced "much slower than anticipated" since its statement in December that it was expecting to conclude the refinancing early in 2023.

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24 Mar 2023 09:36

AIM WINNERS & LOSERS: Warpaint rises on strong trading expectations

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

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16 Mar 2023 17:32

TRADING UPDATES: Inspirit Energy reports progress on Inspirit Charger

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

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16 Mar 2023 17:31

TRADING UPDATES: Inspirit Energy reports progress on Inspirit Charger

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

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8 Mar 2023 18:24

TRADING UPDATES: Poolbeg patent boost; Resolute Mining resource up

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

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1 Mar 2023 18:15

TRADING UPDATES: Riverstone Energy ups NAV; SuperSeed optimistic

(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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27 Feb 2023 13:04

San Leon denies reports Nigerian National took over OML18 oil licence

(Alliance News) - San Leon Energy PLC on Monday said it noted a recent article in the Nigerian press about the operation of the Oil Mining Licence 18, denying that Nigerian National Petroleum Co Ltd has taken over operations.

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