(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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Cambridge Cognition Holdings PLC, up 13% at 136.94 pence, 12-month range 82.00p-195.00p. The Cambridge-based neuroscience technology company wins a "pivotal" GBP1 million pact concerning an autoimmune trial. Cambridge Cognition has been picked by a "top 10 pharmaceutical company" to provide digital cognitive assessments for the phase III probe. "Revenue from the contract is expected over the next three years," the AIM listing says.
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Brighton Pier Group PLC, up 9.8% at 92.22 pence, 12-month range 34.00p-97.20p. The company, which operates Brighton Marine Palace as well as bars and indoor mini-golf sites, says annual earnings jump. Revenue in the financial year that ended December 26 rise sharply to GBP22.8 million from GBP8.2 million. Pretax profit multiplies to GBP6.6 million from GBP2.7 million. Brighton Pier attributes its stronger top and bottom line figures a "record summer trading period". Shares hit this one-year high on Monday.
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AIM - LOSERS
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Summerway Capital PLC down 8.9% at 144.00p, 12-month range 90.00p-278.50p. Shares fall following completion of acquisition of Vertigrow Technology Ltd, or Celadon Pharmaceuticals. Name change to Celadon Pharmaceuticals PLC will take effect on Tuesday. Celadon is acquired by way of reverse takeover worth GBP80 million. Summerway funds the deal through an issue of 48.5 million shares at 165 pence each. Summerway, which prior to acquisition invested in household and consumer goods sectors, is now a cannabinoid-based-medicine-focused pharmaceutical company.
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By Eric Cunha; ericcunha@alliancenews.com
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Cambridge Cog (COG)
Brighton Pier (PIER)