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Pin to quick picksVersarien Share News (VRS)

Share Price Information for Versarien (VRS)

London Stock Exchange
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Share Price: 0.09
Bid: 0.088
Ask: 0.09
Change: -0.0021 (-2.28%)
Spread: 0.002 (2.273%)
Open: 0.0988
High: 0.0988
Low: 0.088
Prev. Close: 0.0921
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AIM WINNERS & LOSERS: Versarien shares plunge as CEO resigns

Fri, 10th Mar 2023 10:42

(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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Ixico PLC, up 5.4% at 24.25 pence, 12-month range 22.1p-45p. The precision analytics company wins contract worth GBP700,000, from a biotech company, and new client, to provide MRI imaging services for a dementia treatment trial. The company says it will provide the services for patient selection and efficacy analysis in patients with a rare form of dementia. Ixico adds that the trial, which is expected to last for four years, is set to use an innovative gene therapy approach. The company's IXIQ.Ai platform, which will be used as part of the contract, enables the measurement of brain volumetry with an increase sensitivity compared with other tools.

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AIM - LOSERS

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Aferian PLC, down 41% at 35.4p, 12-month range 26.6p-146p. The business-to-business video streaming company says challenges from its Amino division are likely to mean its annual revenue and adjusted earnings before interest, tax, depreciation and amortisation are "substantially below" previous expectations. Amino connects Pay TV to streaming service. Aferian says some Amino customers have delayed their orders of new streaming devices, to run down their existing inventory. "This trend has continued longer than we expected and device sales in the first half have been materially lower than anticipated," Aferian explains.

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Versarien PLC, down 33% at 17% at 3.38p, 12-month range 2.2p-25.9p. The engineering materials company announces the resignation of its Neill Ricketts, its chief executive officer. Says it is considering the "appropriate longer term management structure" and will update in due course. Last month, the firm said the current macro-economic conditions have delayed the commercialisation it had been expecting, and hinted at the potential need for a fundraise.

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Bonhill Group PLC, down 21% at 5.5p, 12-month range 3p-8.5p. The media company, specialising in business information, events and data analytics says the non-binding USD6.5 billion cash offer for its InvestmentNews business was materially lowered, ending the exclusivity period granted to the buyer. Receives a separate non-binding offer from another US media buyer of USD4.1 million, as well as an agreement for the buyer to assume InvestmentNews' obligations under its office lease until January 2028. The lease has a value of around USD1.9 million. Expects to sign a conditional agreement with the potential buyer, and publish a circular containing details of a proposed tender offer, subject to the completion of due diligence.

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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.

More News
9 May 2019 10:39

Versarien's new US hub aids North American partnership wins

(Sharecast News) - Versarien said on Thursday that its North American hub in Houston, Texas, is now fully operational and has allowed the company to accelerate relationships with a number of new partners.

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1 Apr 2019 10:20

Versarien becomes Graphene Council's first verified producer

(Sharecast News) - Advanced materials engineering group Versarien announced that it was the first graphene company in the world to successfully complete the Graphene Council's 'Verified Graphene Producer' programme on Monday.

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21 Mar 2019 09:23

Versarien Establishes New Houston-Based Arm To Lead US Expansion

LONDON (Alliance News) - Versarien PLC on Thursday said it has set up a new US business, Versarien Graphene Inc, to help with expansion in the country.The advanced materials engineering it

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14 Mar 2019 12:42

Versarien moving towards JV through Chinese partnership

(Sharecast News) - Versarien on Thursday signed a Letter of Intent (LOI) with Tunghsu Optoelectronic Technology Ltd to further progress the relationship between the two companies and move towards establishing a joint-venture.

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14 Mar 2019 11:39

Versarien Progresses Partnership With Tunghsu To Expand In China

LONDON (Alliance News) - Versarien PLC on Thursday said it has signed an agreement with Tunghsu Optoelectronic Technology Ltd to further progress their relationship.The agreement supports a

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7 Mar 2019 13:19

Versarien scores second Chinese aerospace agreement

(Sharecast News) - Versarien on Thursday signed a Memorandum of Understanding with a second large state-owned Chinese aerospace company, following a similar agreement signed in December.

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26 Feb 2019 13:47

Versarien Hires UK Civil Servant Yi Luo For China Expansion

LONDON (Alliance News) - Graphene products manufacturer Versarien PLC said Tuesday that it has hired civil servant Yi Luo as deputy head of International Strategy & Government Relations, the a

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19 Dec 2018 10:41

Versarien inks MOU with mystery Chinese aerospace firm

(Sharecast News) - Advanced materials engineer Versarien has inked a memorandum of understanding with an unnamed state-owned Chinese aerospace firm.

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6 Dec 2018 11:11

Versarien Loss Widens On Investments, Inks Graphene Supply Pact

LONDON (Alliance News) - Versarien PLC on Thursday reported a double-digit revenue growth in the first half of its current financial year, but loss widened moderately as it continued to invest in

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6 Dec 2018 10:09

Versarien losses stabilise as revenues improve, progress in polymer project

(Sharecast News) - Engineering materials group Versarien saw losses remain stable in the first half of its trading year as revenues continued to improve.

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4 Dec 2018 14:14

Versarien Shares Rise As Launches Graphene Enhanced Polymer Range

LONDON (Alliance News) - Versarien PLC on Tuesday said it has launched a new graphene enhanced polymer range Polygrene.Versarien shares were trading 6.2% higher on Tuesday at 121.10 pence a

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4 Dec 2018 08:51

Versarien launches new graphene-enhanced 'Polygrene' range

(Sharecast News) - Advanced materials engineering group Versarien announced the formal launch of its new graphene-enhanced polymer range, 'Polygrene', on Monday.

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19 Nov 2018 08:36

Versarien inks funding agreement for Chinese manufacturing centre

(Sharecast News) - Engineering outfit Versarien has entered into a memorandum of understanding with Jinan High-tech Financial Investment with regards to the AIM-listed firm's ongoing plans to establish a manufacturing centre in China's Shandong Province.

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5 Nov 2018 11:37

Versarien Progresses With China Plans, Signs Additional Agreement

LONDON (Alliance News) - Versarien PLC said Monday it is making "significant" progress in developing its relationships in China.The advanced materials engineering company said in

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18 Oct 2018 10:08

Versarien enters collaboration to develop oil and gas industry products

(Sharecast News) - Versarien on Thursday signed a collaboration agreement with Advanced Insulation, a supplier of fire retardant coatings, sub-sea insulation materials and buoyancy products.

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