(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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Altitude Group PLC, up 7.1% at 29.99p, 12-month range 12.66p-58p. Revenue for half-year to September 30 rises 33% to GBP5.9 million from GBP4.4 million year-on-year, leading to narrowed pretax loss of GBP414,000 from GBP1.3 million. The Sheffield-based firm says it continues to trade positively and current performance in line with internal expectations. "With ongoing investment in growth, strong focus on core business development and sustained recovery the board is optimistic and expects continued profitability in the full year," says Altitude.
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AIM - LOSERS
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Nanosynth Group PLC, down 22% at 0.592p, 12-month range 0.55p-3.58p. In strategy update, says it is now focused on the development of its nanomaterials technology around Pharm2Farm. Is considering relocating operations in 2022 to new UK facility that may include a scalable state-of-the-art production facility for nanomaterials. Says anti-viral technology remains a key area of focus and it is establishing network of distributors to supply masks and other products which include this technology.
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SkinBioTherapeutics PLC, down 15% at 43.25p, 12-month range 14.25p-81.8p. The life science company focused on skin health says pretax loss for financial year ended June 30 slums to GBP1.5 million from GBP1.6 million. This was due to expenditure for the year being lower than management expectations due to pivoting to a self-managed consumer study for AxisBiotix-Ps and reduced activity at the University of Manchester due to Covid-19.
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By Lucy Heming;Â lucyheming@alliancenews.com
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Altitude Group (ALT)
Skinbiotherap. (SBTX)