- OptiBiotix, a life sciences company has signed an exclusive supply agreement with Saudi Arabian Nahdi Medical Co.
- Power Metal’s joint venture subsidiary has been granted a gold exploration license in Victoria, Australia.
- Kofax has confirmed a takeover offer for Tungsten Corp.
The Alternative Investment Market (AIM), which is a sub-market of the London Stock Exchange (LSE), allows smaller high-growth companies to raise capital from the market with comparatively greater flexibility than the LSE’s main market.
The smaller AIM-listed companies have outperformed their larger counterparts in the first nine months of the year. The FTSE AIM All-Share index has not only performed better than FTSE AIM UK 50 but also against the larger counterpart FTSE AIM 100, rising by 7.5% in the first three quarters of 2021.
Here we are going to discuss 3 AIM-listed stocks that are in focus today.
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OptiBiotix Health PLC (LON: OPTI)
OptiBiotix Health PLC is a UK-based life sciences company that focuses on the development of technologies that help in the regulation of the human microbiome. OptiBiotix aims to protect people from the harmful impacts of chronic lifestyle diseases like obesity and diabetes.
The biotechnology company signed an exclusive supply agreement with Saudi Arabian Nahdi Medical Co. As per the agreement, the GoFigure and SlimBiome Medical weight management product range of OptiBiotix, which will include seven products, and will be sold in Saudi Arabia after the in-store launch planned in 2022.
With the rates of obesity significantly increasing across Saudi Arabia, these OptiBiotix products would help the consumers in weight reduction and improvement of their diets, as per OptiBiotix’s CEO Rene Kamminga.
The company has been performing really well even in this uncertain economic climate, and it has recorded a revenue of £1.076 million in the first half of 2021, which is a 44.5% increase over the same period last year. OptiBiotix is a constituent of the FTSE AIM All-Share, and its shares were trading GBX 42.50 at 10:14 AM (GMT) on 16 December 2021 with a market cap of £37.37 million.
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Power Metal Resources PLC (LON: POW)
Power Metal Resources PLC is a London-based company that is engaged in the exploration and development of metals. With a focus on cobalt, gold, silver, uranium, and lithium etc., the company is running projects in the US, Canada, Australia, Botswana, The DRC, and Tanzania.
The company has announced that a new 489 km2 exploration licence, called EL007282 or Blue Sky, has been granted to New Ballarat Gold Corp, which is its joint venture with Red Rock Resources PLC. The gold exploration license is for the Victoria Goldfields in Australia. Meanwhile, the first diamond drill programme of the joint venture subsidiary has also begun at the O'Loughlin prospect.
Additionally, funding worth £750,000 has been raised in pre-IPO financing by Golden Metal Resources Ltd, in which Power Metal Resources holds 83% stake before it goes for a London listing in April 2022. Power Metal Resources PLC is a constituent of the FTSE AIM All-Share index, and its shares were trading at GBX 1.38, up by 3.77%, at 10:52 AM (GMT) on 16 December 2021 with a market cap of £18.89 million.
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Tungsten Corp PLC (LON: TUNG)
Tungsten Corp PLC is the largest compliant business transaction network across the globe. It aims at maximising the value that companies gain from their invoice process by making the process digitised and automated. The company supports a seamless global trade by connecting buyers and sellers efficiently.
A software company Kofax Inc has confirmed a takeover offer for Tungsten Corp. The £0.5 million takeover offer would be at a price of £0.4 per ordinary share. As per regulatory requirement, Kofax would have to step back if does not make firm offer for Tungsten till 11 January 2022.
The total Group revenue of Tungsten has declined in FY21 from £36.8 million to £36.1 million. Tungsten Corp PLC is a constituent of the FTSE AIM All-Share index, and its shares were trading at GBX 41.80, up by 0.48%, at 11:13 AM (GMT) on 16 December 2021 with a market cap of £52.64 million.