The following stocks are the leading risers and fallers on AIM in London on Wednesday.
----------
AIM - WINNERS
----------
Ceres Power Holdings PLC, up 23% at 637.50 pence, 12-month range 501.00p-1,560.00p. The fuel cell and electrochemical technology provider signs three-way collaboration with Weichai Power and Robert Bosch GmbH to access opportunities for fuel cell technologies in China. Ceres says two separate joint ventures are intended to be set up in Shandong province, and that license fees of £30 million are expected from these over the next three years.
----------
Itaconix PLC, up 15% at 3.40p, 12-month range 2.85p-17.50p. The speciality polymers firm says that it has supplied product for the first production trial using its plant-based super-absorbent, Velafresh SAP80. Says if the prospective customer’s trials are favourable, potential Itaconix revenue is expected to start in 2023.
----------
AIM - LOSERS
----------
System1 Group PLC, down 13% at 380.00p, 12-month range 160.25p-480.00p. The marketing and brand consultancy company’s shares fall despite posting a rise in quarterly revenue and profit, in line with management expectations. Says revenue in the three months that ended in December, its financial third quarter, was £6.5 million, up 8% from a year before. System1’s profitability was in line with the company’s expectations and reflected more spending on ‘people and platform’, it says.
----------
Boohoo Group PLC, down 1.7% at 92.30p, 12-month range 85.06p-93.48p. Hits this 12-month low on Wednesday. Barclays downgrades the online fashion retailer to ’underweight’ from ’equal weight’. Boohoo is one of the largest companies on AIM with a market value of £1.18 billion.
----------
Copyright 2022 Alliance News Limited. All Rights Reserved.
