(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.
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AIM - WINNERS
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Poolbeg Pharma PLC, up 17% at 7.00 pence, 12-month range 4.13p-13.30p. The London-based pharmaceutical company has been granted patents by the US Patent & Trademark Office related to its POLB 001 and POLB 002 molecules. The former is used to treat influenza, while the latter is an RNA-based immunotherapy for respiratory virus infections. "The company is continuing working with its patent advisors to broaden and expand the POLB 001 and POLB 002 patent families," Poolbeg says.
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AIM - LOSERS
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RA International Group PLC, down 12% at 21.15p, 12-month range 21.10p-70.00p. The remote site services provider posts an annual revenue decline and a swing to loss. Revenue in 2021 falls 15% to USD54.6 million from USD64.4 million. RA swings to a pretax loss of USD32.2 million from a USD6.6 million profit. RA's bottom line was hit by USD31.5 million in non-underlying charges relating to its Mozambique project. "Investors will be aware that this area was subject to an insurgency attack in March 2021 and, as at the time of these results, the local situation had not yet stabilised sufficiently to see sizable commercial activity restarting. We are working hard to realise value from our investments made relating to this project, which will support our cash position," RA says. The stock hit its 12-month low on Thursday.
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Coro Energy PLC, down 8.7% at 0.32p, 12-month range 0.22p-0.52p. The company has suspended its Sillaro well in Italy as hot weather there seen an increase of moisture in gas production. "The company is assessing various solutions to this problem and expects this issue to be resolved shortly," Coro says.
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By Eric Cunha; ericcunha@alliancenews.com
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Poolbeg Pharma (POLB)
Ra Internation. (RAI)
Coro Energy (CORO)