(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.
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AIM - WINNERS
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IGas Energy PLC, up 90% at 36.10 pence, 12-month range 6.26p-37.00p. The oil and gas producer signs a memorandum of understanding with SSE Heat Networks Ltd for a geothermal district heating project in Stoke-on-Trent, Staffordshire. Through the partnership, SSE will develop and deliver a district heating network in Stoke's Etruria valley. It will grant contract exclusivity between SSE Heat and IGas's wholly owned subsidiary, GT Energy UK Ltd, for 12 months as the project is executed. Stoke-on-Trent City Council approved planning permission in May. At the same time, IGas pledged the project will supply zero-carbon heat to Stoke for future decades.
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MyHealthChecked PLC, up 12% at 2.42p, 12-month range 0.71p-7.45p. The consumer home-testing healthcare company late Friday noted the announcement by UK Transport Secretary Grant Shapps on the easing of UK international travel restrictions. Despite the changes, company remains confident that monthly testing volumes will remain a significant contributor to growth throughout the remainder of the financial year, despite levels being lower than the peak levels seen around the summer holiday period.
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AIM - LOSERS
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Sourcebio International PLC, down 14% at 139.25p, 12-month range 131.25p-240.00p. The laboratory services provider says it expects the changes will boost demand for travel from the UK. However, while it expects full-year revenue and adjusted earnings before interest, tax, depreciation and amortisation to show "dramatic growth" on the year before, changes to travel PCR testing are "expected to impact on the level of this expected material growth". Sourcebio services is "evaluating" full-year 2021 and 2022.
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Naked Wines PLC, down 9.4% at 748.00p, 12-month range 407.53p-914.00p. Liberum downgrades the wine retailer to Sell from Hold.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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Naked Wine (WINE)
Myhlth Chck (MHC)