(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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Drumz PLC, up 26% at 0.79 pence, 12-month range 0.45p-0.9p. Extends gains after rising 19% on Tuesday. The software sector investment firm last issued an update in July, when it said investee Surrey-based Acuity Risk Management Ltd reported revenue growth for its financial year ended March 31 with strong growth continuing since.
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Gfinity PLC, up 15% at 1.21p, 12-month range 0.75p-5.47p. The e-sports firm reports launch of 100%-owned Athlos Game Technologies. "Athlos provides its clients with a tournament-based platform that leverages the power of competitive gaming to deepen player engagement; to lower player churn; and to increase average revenue per user," it says, adding that work is continuing on development of deeper automation and scale. Says Athlos has a growing number of clients on recurring annual contracts and a strong pipeline of prospective future customers.
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AIM - LOSERS
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OptiBiotix Health PLC, down 26% at 20.08p, 12-month range 18p-58p. Expects current sales in new structure to be "materially lower" than expected, at around GBP120,000, with sales normalising in the second half but "insufficient" to make up the deficit. Expects return to healthy growth in 2023. "We believe the difference in sales is partly a timing issue with a couple of larger partners delaying restocking due to uncertainty in the economic environment, and Apollo Hospitals and Nahdi Medical postponing launches until H2 as a result of regulatory approvals taking longer than expected," it says.
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Rosslyn Data Technologies PLC, down 14% at 2.02p, 12-month range 1.50p-5.98p. Snaps winning streak, after rising 9.5% on Monday and 2.6% on Tuesday. The data management and analytics service provider got off to a good start to the week after winning its first enterprise customer through partnership with indirect procurement service provider Chain IQ Group AG. The initial contract is "of relatively small monetary value" but it expects further contracts to come from partnership.
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By Lucy Heming; lucyheming@alliancenews.com
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Gfinity (GFIN)
OptiBiotix Health (OPTI)
Rosslyn Data (RDT)