(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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Evgen Pharma, up 13% at 5.29 pence, 12-month range 4.22p-16p. The drug development company reported filing of an orphan drug designation request with the US Food & Drug Administration for use of SFX-01 to treat malignant glioma. In parallel, an investigational new drug dossier is being prepared for submission to the US regulator around the end of the year, to support a phase II trial in glioma/glioblastoma that is being planned for commencement in the first half of 2022.
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Star Phoenix Group, up 12% at 1.58 pence, 12-month range 1.20p-4.10p. The investment company said it has signed a non-binding agreement with a national university in Australia, Curtin University, to jointly explore, appraise and develop natural hydrogen opportunities in Western Australia. Both parties would undertake an initial low-cost work programme over two years from execution of agreement. The aim would be to appraise natural hydrogen production points in Western Australia, specifically in areas having a high iron-rich content and circular depressions.
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Ebiquity, up 6.5% at 56.45 pence, 12-month range 17.10p-58.97p. The media investment analysis firm said trading in the first half of 2021 was in line with expectations. Ebiquity's business continued to build on the momentum of the second half of 2020 with revenue of GBP32 million, 19% ahead of the previous year. This reflected both the recovery in demand from existing clients as they returned to "more normal" activity levels, and success in winning new business.
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Redde Northgate up 5.1% at 450.00 pence, 12-month range 158p-157.50p. The mobility solutions platform completed a deal to acquire Charged Electric Vehicles, a supplier of electric vehicle charging equipment in the UK. Redde did not disclose the value of the acquisition. It completed the buy on July 9. Redde said the deal will allow it to expand in the growing electric vehicle market. It will also support its own electric vehicle fleet, the Darlington, England-based firm said.
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AIM - LOSERS
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Victoria Oil & Gas, down 20% at 4.22p, 12-month range 1.85p-8.15p. The domestic energy supplier said pretax loss in 2020 narrowed to USD8.8 million from USD112.0 million the year before, as it did not record any impairment charges versus USD95.9 million in 2019. Revenue, meanwhile, declined to USD13.2 million from USD20.8 million year-on-year.
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DP Poland, down 11% at 7.60 pence, 12-month range 7.0p-11p. The franchise in Poland for Domino's Pizza posted average daily dine-in sales for the period from May 18 to June 30 of PLN122,900 - about GBP22,962 - and increase of 94% in comparison to the lockdown period from May 1 to May 17, when its sales were PLN63,300. Like-for-like system sales for June were 5% higher in comparison to June 2020 and 2% lower compared to June 2019.
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Solid State, down 6.8% at 932.50 pence, 12-month range 534p-1,065p. The electronics company reports revenue slip to GBP66.3 million in the financial year to March 31 from GBP67.4 million posted the year before. Pretax profit meanwhile rose by 5% to GBP4.2 million year-on-year. Solid State said its performance reflects diversified market sector exposure which has given the business resilience to the Covid-19 pandemic and Brexit challenges. The company upped its dividend for the year by 28% to 16.0p per share.
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Oracle Power, down 5.9% at 0.45, 12-month range 0.4p-0.89p. The coal resource developer said activity has intensified over the past three months at its two gold projects in Western Australia. Looking in the more immediate future, the company said drilling is anticipated to start at Northern Zone, "in a matter of weeks".
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By Evelina Grecenko; evelinagrecenko@alliancenews.com
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