AIM WINNERS & LOSERS: Wressle boosts Europa Oil, Egdon and Union Jack

Thu, 16th Dec 2021 10:56

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

----------

AIM - WINNERS

----------

Shield Therapeutics PLC, up 27% at 37.00 pence, 12-month range 27.01p-66.00p. The Newcastle, England-based pharmaceutical company says patient access for its Accrufer iron deficiency product rises. Shield secures payer coverage with "several large pharmacy benefit managers" in US. This boosts Accrufer access to roughly 40 million patients.

----------

Europa Oil & Gas Holdings PLC, up 15% at 1.24 pence, 12-month range 1.00p-2.20p. Rises on production update from Wressle hydrocarbon development in North Lincolnshire. Wressle has produced at an average of 666 barrels of oil per day over last seven day period. In early 2022, testing will be completed to see "full potential of the well". Europa holds a 30% stake in Wressle. Egdon Resources PLC also owns 30% and Union Jack Oil PLC 40%. Egdon shares are up 11% and Union Jack up 8.4%.

----------

Ceres Power, up 8.1% at 1,005.00 pence, 12-month range 820.50p-1,626.00p. Credit Suisse starts coverage of the stock with an Outperform rating and 1,450p price target.

----------

AIM - LOSERS

----------

boohoo Group PLC, down 16% at 115.56 p, 12-month range 110.00p-378.90p. Retailer lowers sales and margins guidance due to Omicron uncertainty and as product return rates hit net sales. For the financial year ending February 28, boohoo now expects net sales growth in the 12% to 14% range, cut from previous guidance of a rise of 20% to 25%. In three months to November 30, net sale rise 10% annually to GBP506.2 million from GBP460.7 million. On a two-year basis, net sales are 53% higher. Shares fall to a roughly five-year low.

----------

By Eric Cunha; ericcunha@alliancenews.com