Abingdon Health (ABDX)

Sector:

Health Care

Index:

FTSE AIM All-Share

 10.25p
   
  • Change Today:
      0.000p
  • 52 Week High: 15.00
  • 52 Week Low: 6.75
  • Currency: UK Pounds
  • Shares Issued: 121.72m
  • Volume: 117,464
  • Market Cap: £12.48m

Abingdon Health upbeat on strong recent progress

By Josh White

Date: Friday 15 Dec 2023

LONDON (ShareCast) - (Sharecast News) - Lateral flow contract research, development and manufacturing organisation Abingdon Health reported solid progress on Friday as it held its annual general meeting.
The AIM-traded firm's chief executive officer, Chris Yates, said in its annual results in October that Abingdon was well-positioned to meet the growing demand of the lateral flow market through its offering and its complementary direct sales and distribution platform.

On Friday, he said that was proving to be the case, as evidenced by the number of customers and projects the firm was working with and its continued revenue growth.

"We will provide a more comprehensive trading update in January, but I am pleased to note that our revenue for the first half of 2024 will be significantly higher than revenue for the first half of 2023."

Yates further emphasised the company's ongoing commitment to financial stability.

"We remain highly focused on continuing to grow our revenues and reducing our cash burn in the 2024 financial year and beyond.

"Our ongoing priority is moving the Company to a positive cash flow position based on continued revenue growth and stringent cost control."

At 1054 GMT, shares in Abingdon Health were up 5.71% at 9.25p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

ABDX Market Data

Currency UK Pounds
Share Price 10.25p
Change Today 0.000p
% Change 0.00 %
52 Week High 15.00
52 Week Low 6.75
Volume 117,464
Shares Issued 121.72m
Market Cap £12.48m

ABDX Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
41.68% below the market average41.68% below the market average41.68% below the market average41.68% below the market average41.68% below the market average
60% below the sector average60% below the sector average60% below the sector average60% below the sector average60% below the sector average
Price Trend
23.02% above the market average23.02% above the market average23.02% above the market average23.02% above the market average23.02% above the market average
45.95% above the sector average45.95% above the sector average45.95% above the sector average45.95% above the sector average45.95% above the sector average
Income Not Available
Growth
2.99% above the market average2.99% above the market average2.99% above the market average2.99% above the market average2.99% above the market average
11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average

ABDX Dividends

No dividends found

Trades for 15-Apr-2024

Time Volume / Share Price
09:50 836 @ 10.50p
09:50 105 @ 10.00p
09:30 2,879 @ 10.49p
09:19 3 @ 10.49p
09:09 40 @ 10.49p

ABDX Key Personnel

CEO Chris Henry Francis Yates

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