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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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Polarean Imaging PLC, up 35% at 66.25 pence, 12-month range 37.28p - 84.20p. Secures approval from the US Food & Drug Administration for its drug device combination product, Xenoview, for evaluation of lung ventilation in adults and paediatric patients aged 12 years and older. Polarean Chief Executive Richard Hullihen says: ‘Approval of Xenoview represents a major step forward in modern respiratory imaging and we are proud to have pioneered this exciting new technology for clinical use. The commercial team at Polarean is prepared to rapidly launch Xenoview for clinical application.’
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Applied Graphene Materials PLC, up 9.7% at 5.49 pence, 12-month range 3.00p - 28.00p. Confirms that non-binding indicative proposals have been received from interested parties for the sale of its trade and assets, or of the shares in, its main operating subsidiary. Says it is in discussions with the parties involved with a view to gaining final proposals in early January. After this, the board would then select a preferred party to progress with. Adds there can be no certainty any final proposals will be made, nor the terms any proposals may be made.
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AIM - LOSERS
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Trafalgar Property Group PLC, down 4.9% at 0.16 pence, 12-month range 0.15p - 1.20p. Interim loss widens as revenue falls sharply and costs increase. In the six months to September 30, pretax loss widens to £444,000 from £338,000. Revenue drops to £18,000 from £390,000, and administrative expenses increase 48% to £380,000 from £257,000. Chief Executive Paul Treadaway says: ‘Reflecting on the issues of the previous two years in the economy and the challenges businesses and consumers have faced, the directors have considered relevant information including the current cost-of-living crisis, higher interest rates and even higher inflation, which are driving a challenging market and have performed a robust analysis of future cash flows.’
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By Heather Rydings, Alliance News senior economics reporter
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