AIM WINNERS & LOSERS: Feedback endures ‘challenging year’

Archived article

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The following stocks are the leading risers and fallers on AIM on Wednesday.

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AIM - WINNERS

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Quadrise PLC, up 15% at 3.60 pence, 12-month range 1.30p-8.00p. The low emission fuels and biofuels-focused firm reports successful completion of proof-of-concept and emissions testing programmes for its MSAR and bioMSAR products at a plant in Panama. Quadrise says ‘engine efficiency was improved’ and nitrogen oxides emissions were reduced.

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Lexington Gold Ltd, up 6.0% at 4.08 pence, 12-month range 3.00p-4.82p. The gold explorer, with assets in the US and South Africa hails ‘highly encouraging assay results’ from drilling at the Jennings-Pioneer project in South Carolina. In the Barite Hill trend, drilling has extended mineralisation within the licence area, while in the Jennings area, ‘first-ever gold intersections’ were achieved. ‘Multi-element assays have confirmed the presence of silver, copper, zinc and tellurium as potential by-products,’ Lexington adds.

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AIM - LOSERS

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Feedback PLC, down 12% at 11.68p, 12-month range 11.50p-66.00p. Feedback says its pretax loss in the year to May 31 widens to £7.3 million from £3.6 million the year prior, while revenue falls to £885,623 from £1.2 million. ‘Changes to NHS England, operational cost reductions across NHS Trusts and ICBs, combined with global geopolitical tensions and challenging domestic economic conditions have impacted the government’s fiscal outlook and near-term budget allocations. Consequently, this has proved a challenging year for the company,’ Feedback says.

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