SMALL CAP MOVERS: Faron Pharma secures £10m funding

SMALL CAP MOVERS: Faron Pharma secures £10m funding
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SMALL CAP MOVERS: Faron Pharma secures £10m funding
Published: Feb, 07 2025 14:31

Summary at a Glance

Revenue had climbed 12.8 per cent to £1.06billion on strong recruitment services demand, Tuesday results showed, with profit up 9 per cent to £88.1million and net cash at £9.7million.

London's blue chips approached the weekend 0.4 per cent higher at 8,710 as a result, while the FTSE 250 succumbed to macroeconomic fears to drop 0.1 per cent to 20,930.

Among the AIM winners, Orosur Mining skyrocketed 70 per cent for the week after an update on operations in Columbia showed assay results of up to 6.22 grams per tonne of gold.

And finally, Helix Exploration was another to deal positive news, having been a rare small-cap success story over the past year, with its stock up 35 per cent since April's flotation.

Ilika marked another bright spot, surging 26 per cent after signalling a major step towards commercialising its Goliath battery.

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