(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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M&C Saatchi PLC, up 15% at 192.00 pence, 12-month range 84.75p-200.00p. Main Market-listed acquisition vehicle AdvancedAdvT Ltd says it has purchased 12.0 million shares in the London-based advertising agency, at GBP2.00 each. The buy represents a 9.8% stake. AdvancedAdvT sees M&C as a "good investment opportunity". Shares hit this 12-month high on Wednesday. AdvancedAdvT shares are 1.4% higher.
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Concurrent Technologies PLC, up 8.3% at 86.60 pence, 12-month range 71.00p-113.00p. The embedded computer products manufacturer expects its 2021 results to beat market forecasts, shaking off global supply chain challenges. It also expects to pay a final dividend, to go with its 1.15p interim payout. Its total 2020 dividend was 2.55p.
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AIM - LOSERS
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Blue Star Capital PLC, down 5.0% at 0.52p, 12-month range 0.11p-0.58p. The investor, with a focus on esports, payments, technology, notes is recent share price rise, but says it is "not aware of a reason" for the buying action. Shares surged 38% on Tuesday.
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ValiRx PLC, down 13% at 33.42p, 12-month range 17.26p-65.00p. The Nuneaton, Warwickshire-based cancer and women's health treatment developer inks a service agreement with TheoremRx to support the next clinical trail of VAL201, a potential treatment for prostate cancer. ValiRx will work as a consultant to TheoremRx. In return, ValiRx says it will receive a monthly consultancy fee until the agreement is terminated. Despite the deal, shares are still down, though this is in the wake of a 4.8% gain on Tuesday and a 19% rise in the final two weeks of December.
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By Eric Cunha; ericcunha@alliancenews.com
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Blue Star (BLU)
M&C Saatchi (SAA)
ValiRx (VAL)
Concurrent Technologies (CNC)
Advancedadvt (ADVT)