(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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ValiRx PLC, up 14% at 23.61 pence, 12-month range 17.26p-63p. The cancer and women's health treatment developer says it is assessing options to acquire capabilities and infrastructure to create a "more efficient and effective" translational drug development service. Says revenue generated from providing pre-clinical development services would enable continued investment in advanced testing and analysis technology and support the progression of ValiRx in-house pipeline projects.
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Tlou Energy Ltd, up 13% at 2.14p, 12-month change 1.57p-4.9p. The power company says contract for the construction of the transmission line to connect the Lesedi power project to Botswana's electricity grid has been signed. Botswana-based Zismo Engineering Pty Ltd has been engaged to construct the line, and expects to mobilise plant and equipment on site in the coming weeks.
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AIM - LOSERS
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Mobile Streams PLC, down 20% at 0.3155p, 12-month range 0.2p-0.71p. The mobile content provider raises GBP1.2 million in placing priced at 0.30p per share. Funds to support company's growth and to create a new joint venture partnership with Gfinity PLC for Mobilegaming.com. "The company is working to agree the terms of the joint venture and expects to announce the conclusion of the agreement shortly," it says. Gfinity shares rise 11%.
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Eco Animal Health Group PLC, down 18% at 123.49p, 12-month change 116.55p-405p. The pet and livestock pharmaceuticals firm expects earnings before interest, tax, depreciation and amortisation for year ending March 31 to be 15% to 20% below consensus expectations amid investment. "The pork commodity price in China continues to be volatile but we are pleased with recent trading and our expectation of meeting revenue consensus is an important indicator of a return to more stable trading conditions," says Chief Executive Marc Loomes.
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By Lucy Heming; lucyheming@alliancenews.com
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ValiRx (VAL)
Tlou Energy (TLOU)
Mobile Streams (MOS)
Gfinity (GFIN)
Eco Animal (EAH)