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

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WINNERS

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Fenix Entertainment picks up 19% and takes the top spot. The company announced that it has received a request from Negma Group Investment Ltd to convert three bonds, with a total value of EUR30,000.

The conversion price is EUR0.01, and the bonds entitle Negma to subscribe for 3.0 million newly issued ordinary shares of the company. The bonds are part of the first tranche -- of EUR1.0 million -- of the convertible bond loan subscribed by Negma. Of the entire POC, 148 bonds, worth about EUR1.5 million, remain to be converted.

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Planetel gains 12 percent to EUR5.60 per share. The stock has left 3.5 percent on the parter over the past month, 8.2 percent over the past six months, and 13 percent over the past year.

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LOSERS

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Arterra Bioscience gives up 4.3 percent to EUR2.22 per share. The company reported Monday that it ended the first half with revenues of EUR1.6 million, down 25 percent from EUR2.1 million in the same period last year.

Services revenues grew 1.7 percent to EUR308,200 from EUR302,960 while cosmetic raw materials revenues dropped 30 percent to EUR1.3 million from EUR1.8 million.

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By Claudia Cavaliere, Alliance News reporter

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