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SMALL-CAP WINNERS & LOSERS: Genflow rises; Amigo returns some gains

ALN

The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

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SMALL-CAP - WINNERS

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Genflow Biosciences PLC, up 9.0% at 1.20 pence, 12-month range 0.55p-2.30p. The biotechnology firm, focused on therapies that target the ageing process, files a formal request for the examination of a patent application in China. The patent covers variants of the SIRT6 gene designed to address non-alcoholic steatohepatitis, a liver disease that has ‘limited treatment options’.

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SMALL-CAP - LOSERS

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Amigo Holdings PLC, down 7.5% at 0.37p, 12-month range 0.16p-0.79p. The stock returns some gains after a move than 40% advance on Thursday. The firm said post-close on Wednesday that a scheme of arrangement has now been completed and it plans to appoint Grant Thornton as liquidators of its operating units and holding companies later this month, after which it will become a cash shell with no further liability under the scheme. Chief Executive Officer Nick Beal said he believes the scheme of arrangement can help it ‘draw a line under the past’, adding: ‘We remain hopeful that we can find a future for Amigo Holdings PLC, so that it can support the needs of a different business.’

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Predator Oil & Gas Holdings PLC, down 10% at 3.00p, 12-month range 1.80p-11.00p. Shares in the company had made an advance of some 10% this week before Friday, but that progress is returned. Predator, which has assets in Morocco and Trinidad, on Friday reports a widened half-year pretax loss to £1.9 million from £1.0 million.

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