(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.
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AIM - WINNERS
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Cyanconnode Holdings PLC, up 33% at 12.40 pence, 12-month range 2.00p-12.45p. Hits 12-month high in early trade. The narrowband radio frequency smart mesh networks firm raises GBP3.2 million via share placing and subscription at 9.5p per share. Placing price was 2.2% premium to Wednesday's closing price of 9.3p.
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Zambeef Products PLC, up 12% at 7.55p, 12-month range 4.50p-8.05p. The Zambia-focused cold chain foods and retail business confirms financial 2021 revenue to be in line with market expectations and pretax profit to be 20% to 30% ahead of current market expectations. Revenue in financial 2020 was ZMW3.88 billion, about GBP124.6 million. Pretax loss was ZMW22.7 million. Zambeef's financial year ends September 30.
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Advanced Oncotherapy PLC, up 7.5% at 96.1p, 12-month range 24.00p-50.00p. The proton therapy systems developer says it has signed a letter of intent with Saba Partners SA for the proposed purchase of a three-treatment room Light system for a total contract value of up to USD107 million.
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AIM - LOSERS
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Lekoil Ltd, down 4.5% at 1.50p, 12-month range 1.16p-3.06p. The oil and gas explorer and producer in Nigeria fires Olalekan Akinyanmi as chief executive officer, effective immediately, due to an unspecified "corporate governance breach". Lekoil says it will start proceedings to recover the USD1.5 million outstanding balance of a loan to Akinyanmi. Anthony Hawkins will be interim executive chair while Lekoil searches for a new CEO.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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Zambeef Prod. (ZAM)
Cyanconnode (CYAN)
Advanced Oncotherapy (AVO)