UK's Oxford Cannabinoid plummets as FY loss per share widens

Oxford Cannabinoid Technologies Holdings

31/08/2023 08:34

** Shares of Oxford Cannabinoid Technologies  OCTP.L  fall
19.5% to 0.825p, lowest level in more than a month
    ** Stock among top pct losers across London
    ** The biopharma co posts FY basic and diluted loss per
share of 0.62p vs loss of 0.49p yr ago
    ** Adds FY operational costs up from 2.3 mln pounds ($2.92
mln) to 2.7 mln pounds, including salaries and associated costs
of 1.4 mln pounds
    ** As of last close, stock up 28% YTD


($1 = 0.7872 pounds)

 (Reporting by Hani Kollathodi in Bengaluru)
 ((Hani.Kollathodi@thomsonreuters.com;))