AIM WINNERS & LOSERS: Gelion charges higher on battery test boost

(Alliance News) - The following stocks are the leading risers and fallers on AIM on Wednesday.

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AIM - WINNERS

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Celadon Pharmaceuticals PLC, up 14% at 20.51 pence, 12-month range 11.00p-122.50p. The pharmaceutical company, focused on cannabis-based medicines, has received the final GBP103,000 from its GBP1.0 million draw down request under its committed credit facility. It has also received a GBP389,000 tax credit from a research & development claim.

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Gelion PLC, up 9.2% at 13.10p, 12-month range 12.00p-33.00p. The battery technology company says it has shown that its proprietary Gen 3 Sulfur Cathodes are viable for full solid-state batteries, following testing by a "renowned European research institution". This means the company can establish a "significant market presence" alongside traditional lithium-ion cathodes, the company said.

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AIM - LOSERS

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Gusbourne PLC, down 4.8% at 20.00p, 12-month range 19.15p-70.83p. The stock continues to struggle after a 45% slump on Monday. It was unmoved on Tuesday. The sparkling wine producer's majority shareholder Michael Ashcroft requested a general meting to consider a resolution for a delisting from the AIM market in London. Gusbourne said Monday it received a letter from Belize Finance Ltd on behalf of Ashcroft, representing a 66.8% stake in Gusbourne's issued share capital.

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By Eric Cunha, Alliance News news editor

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