(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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Abingdon Health PLC, up 27% at 11.1 pence, 12-month range 3.6p-18.5p. The lateral flow contract development and manufacturing company announces that UK grocery Tesco PLC will roll out saliva-based pregnancy test, Salistick. The product will be available in 298 stores and online from late August. Abingdon is the exclusive distributor of Salistick in the UK and Ireland on behalf of Salignostics Ltd, an Israeli developer of innovative saliva-based diagnostics tests. The Tesco launch follows the rollout across 400 Superdrug stores and online back in June.
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PHSC PLC, up 30% at 24p, 12-month range 11.55p-25.4p. The Kent-based health, safety, hygiene and environmental consultancy services provider begins another share buyback programme for the lower of 1.2 million shares or GBP200,000. Notes its closing price on Monday of 18.5p represents a "significant discount" to the last disclosed net asset value per share of around 30.7p as at March 31.
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AIM - LOSERS
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Velocity Composites PLC, down 2.5% at 41.44p, 12-month range 13.65p-68.55p. The supplier of composite material kits says it raises a further GBP190,000 via a conditional subscription for 475,000 shares at 40p each from a strategic investor. On Monday, the firm had said GBP1.4 million was raised via a placing, subscription and retail offer with 3.5 million shares issued. In addition, it raised GBP5 million through the issue of 12.5 million enterprise investment scheme/venture capital trust placing shares at 40p. Will use the funds for capital expenditure, people and working capital for expansion.
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By Elizabeth Winter, Alliance News senior markets reporter
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Abingdon Healt. (ABDX)
PHSC (PHSC)
Velocity Comp (VEL)