(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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Itim Group PLC, up 16% at 40.52 pence, 12-month range 18.00p-48.97p. The retail software solutions provider signs a five year "multi-million-pound" contract renewal with Majestic Wine, a retailer with over 200 stores. Chief Executive Ali Athar says: "We are delighted to be continuing our relationship with such a prestigious retail brand. This five year renewal is an endorsement of Majestic's confidence in our UNIFY platform which seeks to help retailers achieve omni-channel excellence by driving sales and profitability by putting 'the customer' at the heart of Majestic's unified retail business model."
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AIM - LOSERS
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Oracle Power PLC, down 33% at 0.020p, 12-month range 0.019p-0.16p. The energy projects developer raises GBP300,000 through subscription of 1.7 million shares priced at 0.018p each. The proceeds of the subscription will primarily be utilised to support further development of the group's projects in Australia. Also says that it has been awarded a "no objection certificate" from the Sindh Environmental Protection Agency. Chief Executive Naheed Memon comments: "We are very pleased to receive SEPA's NOC for the construction of the project, as it meets an important condition for potential financing of the project and marks another important milestone in the development of our renewable energy project in Pakistan."
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ValiRx PLC, down 29% at 2.18p, 12-month range 2.06p-15.00p. The life sciences company focused on early-stage cancer therapeutics and women's health posts pretax loss of GBP2.3 million in 2023, narrowed from GBP2.6 million in 2022. ValiRx explains that it has no significant revenue so the narrowed loss is due to lower share-based payment charge. ValiRx had GBP174,684 cash on December 31, down from GBP1.1 million a year before.
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By Sophie Rose, Alliance News senior reporter
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Itim Grou (ITIM)
Oracle Power (ORCP)
ValiRx (VAL)