(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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Beowulf Mining PLC, up 21% at 7.4 pence, 12-month range 3.5p-7.5p. Notes recent increase in share price following positive comments from new Swedish prime minister about need for more mines in the country and by new minister of enterprise & innovation about 'taking action' in the matter of Beowulf's Kallak mine. Beowulf will be writing to the minister to seek clarification on Kallak assessment process.
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Vector Capital PLC, up 15% at 47.00p, 12-month range 37.02p-65p. The commercial lender now expects revenue and pretax profit for 2021, and the aggregate loan book at the year end, to be ahead of current market expectations. "We are pleased to update on the continued positive performance of the group, driven by the increasing demand for our loans from an expanding introducer base," says Chief Executive Agam Jain.
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Vela Technologies PLC, up 14% at 0.054p, 12-month range 0.04p-0.15p. Makes GBP250,000 investment in Skillcast Group PLC's IPO funding round. Skillcast began trading on London's AIM market on Wednesday, with shares rising to 41.66p on its debut from IPO price of 37p. Skillcast provides software and content subscriptions and related professional services.
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AIM - LOSERS
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Venture Life Group PLC, down 27% at 35.17p, 12-month range 34p-105p. The maker and distributor of self-care products expects December to be an important month of trading, but confidence in predicting certain deliverables, particularly logistics, "remains lower than normal". Believes turnover for year will be not less than GBP32 million, but adds that final outcome will be determined by "how these volatile issues conclude". Also says Chair Lynn Drummond is retiring from board, with a process underway to find her successor.
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Abingdon Health PLC, down 27% at 27.85p, 12-month range 25.5p-136.65p. The developer and manufacturer of rapid tests plans fundraising. Is looking to raise GBP3.7 million via placing of no less than 14.8 million shares at 25p each, and a subscription from shareholders is set to raise this to GBP4.0 million. Qualifying shareholders will be offered opportunity to subscribe for up to 4.0 million shares through open offer, to raise around GBP1.0 million, and also plans PrimaryBid offer to raise up to GBP500,000.
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Mobile Tornado Group PLC, down 23% at 1.85p, 12-month range 1.85p-6.35p. The communications technology company says Canadian customer will not be renewing contract effective December 31. Says talks remain ongoing over possibility of extending of amending the contract, but no guarantee these talks will be successful.
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By Lucy Heming;Â lucyheming@alliancenews.com
Copyright 2021 Alliance News Limited. All Rights Reserved.
Beowulf (BEM)
Vela Technologies (VELA)
Venture Life (VLG)
Mobile Tornado (MBT)
Abingdon Healt. (ABDX)
Vector Capital (VCAP)
Skillcast (SKL)