|
The following stocks are the leading risers and fallers on AIM on Thursday. ---------- AIM - WINNERS ---------- GENinCode PLC, up 33% at 3.98 pence, 12-month range 8.50p-1.19p. The genetic testing company says it is collaborating with Thermo Fisher Scientific to sell, distribute and manufacture the Cardo inCode-Score polygenic risk score for the prediction and prevention of coronary heart disease. The collaboration includes sales and distribution across the US, Europe, Middle East and Africa regions. ‘We are delighted to announce this milestone collaboration with Thermo Fisher Scientific to scale Cardio inCode-Score across the US and EMEA markets. The collaboration advances our commercial pathway and will accelerate the adoption of Cardio inCode-Score well beyond our current capabilities,’ says GENinCode Chief Executive Officer Matthew Walls. ---------- Eco Atlantic Oil & Gas Ltd, up 17% at 8.93p, 12-month range 12.84p-6.79p. The oil and gas exploration firm signs a deal with Navitas Petroleum for the Orinduik block offshore Guyana. Navitas will pay Eco $2.0 million to enter an exclusive option agreement to farm-in the block and Block 1 CBK offshore South Africa. The Orinduik option can be exercised within 12 months with a $2.5 million payment to Eco. The option on Block 1 can be exercised within six months with a $4.5 million payment. It says the Orinduik option is for an 80% interest while Block 1 is for 47.5%. ‘This strategic partnership with Navitas, a multi-billion-dollar company with a strong record in acquiring, financing, and developing high-impact oil and gas projects, is truly transformational for Eco Atlantic. The proposed Guyana and South Africa farm-ins, together with our understanding that this is a long-term collaboration, significantly enhances our ability to accelerate growth across our portfolio,’ says Eco Atlantic CEO Gil Holzman. ---------- AIM - LOSERS ---------- Metals One PLC, down 41% at 2.01p, 12-month range 55.00p-1.71p. The metals exploration and development company raises £4.4 million through a placing of new shares. The placing comprises 220.0 million new shares at 2p per share. The proceeds will be applied to the Lion Bay Resources transaction and general working capital. ‘It’s pleasing to see institutional investment support for our Lions Bay Resources gold development strategy in South Africa. Having additional capital ring-fenced to facilitate the buy and build plan will be key during upcoming negotiations and will very well position the company,’ says Managing Director Daniel Maling. ---------- Phoenix Copper Ltd, down 27% at 1.83p, 12-month range 7.00p-1.80p. The US-focused base and precious metals producer and explorer draws down a $2.1 million convertible loan note and is using the funds, in part, to repay the balance of its short-term loan facility. ---------- Copyright 2025 Alliance News Ltd. All Rights Reserved.
|
