Wednesday was another benign day for London’s AIM index, with the market shedding two and a half points on the day to close at 1035.04.
- 4D Pharma +25%
- TPXImpact +22%
- Tasty +10%
- Catenae Innovation -44%
- Beowulf Mining -23%
4D Pharma LON:DDDD topped the board, advancing 25% by the close. The company this morning posted a set of positive interim trial results which have been well received by investors and resulted in an exceptionally high volume of trades being placed
TPXImpact LON:TPX also fared well, adding 22% in the wake of news that two strategic acquisitions had been made by the company. A trading update was also offered, putting the full year run rate at £100m worth of revenue, some 10% ahead of market expectations.
A notable mention for Tasty LON:TAST, the casual dining group which issued results this morning. Despite a reasonable list of headwinds, shares in the stock advanced 10% by the bell, although the stock was thinly traded and did close on a 20% spread.
Shares in Catenae Innovation LON:CTEA slumped today, falling 44% by the bell off the back of news that owing to a delay in filing its accounts, shares in the company will be suspended from 1st April. Expectations are that the accounts will be available to submit by the end of the month but the situation is further complicated by an ongoing dispute with some shareholders of a company it is in the process of acquiring.
Beowulf Mining LON:BEM also struggled on the day, declining 23% and reversing most of yesterday’s gains as a result. There’s no news out following that concession award which was published on Tuesday however, suggesting some short term profit taking in play.