(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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PHSC PLC, up 35% at 19.55 pence, 12-month range 11.55p-22.80p. The health, safety, hygiene and environmental consultancy services provider says that in the year ended March 31, it swung to a pretax profit of GBP304,598 from a loss of GBP577,798 a year earlier. However, revenue falls to GBP3.4 million from GBP3.6 million. PHSC declares a final dividend of 1.0 pence per share, increasing its total dividend to 1.5p per share, up 50% from 1.0p in financial 2022. Looking ahead, the firm says financial 2024 has the potential to be a successful year, "despite the slow start to the year based on Q1 figures". PHSC adds that while some expenses are "almost certain" to continue rising, it expects energy and shipping costs to remain stable in the coming year.
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AIM - LOSERS
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MyHealthChecked PLC, down 26% at 11.48 pence, 12-month range 10.22p-33.00p. The consumer home-testing healthcare company says it expects revenue to drop in its half-year, as the demand for Covid-19 tests falls. MyHealthChecked says that it expects revenue to fall by 74% in the six months ended June 30 to GBP2.5 million, from GBP9.8 million. This fall in revenue is caused by the lessening of demand for Covid-19 tests, and the company expects a reduction in overall demand for these tests in 2023 compared to the year before. Chief Executive Officer Penny McCormick says: "Despite the inevitable and anticipated fall in demand for Covid-19 testing, MyHealthChecked remains well-positioned to deliver its plan in 2023 given the distribution relationship we have established with Boots and their nationwide launch of our expanded portfolio of at-home wellness tests."
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Atlantic Lithium Ltd, down 13% at 16.92p, 12-month range 16.15p-52.17p. The lithium exploration and development company, with assets in Ghana and Ivory Coast, says it remains confident of receiving a mining licence for the Ewoyaa project, despite recent reports of a new green minerals policy in Ghana. Its flagship project is the Ewoyaa site in western Ghana, funded under agreement with Piedmont Lithium Ltd for USD103.0 million. Atlantic initially submitted a mining licence application to the Minerals Commission of Ghana for the extraction of minerals from Ewoyaa last October. Yet on Monday, the firm acknowledged comments made by Ghana's Minister for Lands and Natural Resources, Samuel Jinapor, which related to potential implications for mining companies from the introduction of the new policy, including changes to the mining royalty rate and the state's carried interest in minerals projects.
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By Sophie Rose, Alliance News reporter
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Atlantic Lithium (ALL)
PHSC (PHSC)
Myhlth Chck (MHC)