(Alliance News) - The following stocks are the best and worst performers on Italy Growth on Monday afternoon in Piazza Affari.

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WINNERS

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Adventure takes the top spot and rises about 19 percent to EUR5.56 per share. The company, an SME that owns the ameconviene.it portal and is active in comparing rates for gas and electricity, telephony, and insurance, started trading on August 8.

Admission followed the placement to leading institutional and professional investors of a total of 2.0 million fully-increased shares, at an offer price of EUR2.00 each, for a total countervalue of EUR4.0 million, and a total of 469 convertible bonds at a unit price of EUR3,200 for a countervalue of EUR1.5 million. Thus, total deposits amounted to EUR5.5 million.

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Friulchem also rises, up 7.2 percent to EUR0.82 per share. The stock is up 4.5 percent in the past month, but has lost 18 percent in the past six and 27 percent in the past 12.

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LOSERS

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Distribuzione Elettrica Adriatica sits on the bottom and gives up 6.3 percent to EUR8.30 per share. The stock-which began trading on July 5-has risen 2.5 percent in the past 30 days.

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STAR7 gives up 5.0% to EUR5.70 per share. The company recently reported that it ended the first half of the year with preliminary revenues of EUR60 million, up 18 percent from EUR51 million as of June 30, 2023.

The company said it reported organic growth mainly in the U.S. and Brazil, at 25 percent and 18 percent, respectively. The result for Italy declined legibly to 51% from 57% in the first half of 2023.

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By Claudia Cavaliere, Alliance News reporter

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