London stocks fell sharply at the open amidst global earnings jitters and whilst the main board had plotted something of a recovery by late afternoon, the AIM All Share was lagging, with the index trading down more than 10 points by 4pm at 761.63.
- Artemis Resources +18%
- Ukrproduct +16%
- Checkit +9%
- CellbxHealth -18%
- Cloudcoco -17%
Artemis Resources [LON:ARV] was the best performer on Tuesday by copy time, up 18%. However the gains are within the quoted spread and whilst volumes appear elevated, they are far from abnormal.
Ukrproduct LON:UKR was 16% higher but again there’s no news here. The company’s valuation has unsurprisingly been subject to elevated volatility given its focus on Ukraine but again minimal order flow has been seen today and the move is well within the spread.
Checkit LON:CKT was 9% up at copy time. That aligns with a disclosure of director purchases of stock this morning, but the share price has been rallying for a week now – again wit PDMR releases helping.
CellBxHealth [LON:CLBX] was the biggest faller on the day. The recently re-named company – formerly known as ANGLE – issued a statement today that welcomed research findings but also underlined the fact that the business had a cash runway to early in the new year and was trying to find £6m in funding.
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Cloudcoco LON:CLCO was in second to last place, down 17% at the time of writing as the stock continued to extend its recent run of losses. There’s been something of an information vacuum of late which can’t be helping sentiment and the loss is again well within the spread.
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