London’s AIM All Share put in a less than inspiring session on Thursday, although the very modest losses did leave it outperforming the main board. The index finished less than one point lower at 761.75.
- Cambridge Cognition +25%
- Karelian Diamonds +23%
- Conroy Gold +23%
- LifeSafe -36%
- Versarien -23%
A flurry of news from Cambridge Cognition LON:COG was released this morning, including interims and a funding round which was closed at a premium. Earnings news saw cash outflows reduced and the order book grow which seemed to be sufficient to allow investors to overlook the falling revenues. Shares closed 25% higher.
Karelian Diamonds LON:KDR was in second place, up 23%. There’s no news but volumes were notably elevated and gains by mid session were in excess of 50%.
Conroy Gold LON:CGNR gets the notable mention, up 23% in the wake of news that EUR3.4m worth of liabilities had been flipped into success-linked instruments. The restructuring here is also seen as enabling the company to better attract fresh investment.
LifeSafe Holdings LON:LIFS was 36% lower on the day, with the company currently navigating its way to a delisting. News that the chairman had doubled his stake in the company failed to deliver a reaction, although sell-offs like this ahead of market exits are typical. Trade was lumpy and the slide was barely bigger than the spread.
Versarien LON:VRS was in second to last place, down 23%. Again there’s no recent news but the stock has been volatile over the summer as the company scrambled to find funding. Trade levels were far from abnormal and the quoted closing spread was 20%.
