Monday’s gloom for small cap stocks in the UK is looking short lived – at least for now – although we still have the impact of tomorrow’s US tariff news to await. The AIM All Share added almost seven points on the day, closing at 688.8.
- Distil +69%
- Strip Tinning +68%
- Quadrise +13%
- Celadon Pharmaceuticals -55%
- Jade Road -27%
Distil LON:DIS was 69% higher on the day, topping up yesterday’s gains with news that Dr Graham Cooley had added to his stake in the business by a further 1.1%. There is a wide spread here despite the elevated volumes, but the share price recovery has been sufficient to drive the stock to levels not seen in almost three months.
Strip Tinning LON:STG was 68% higher following a trading and business update which was published this morning. Trading in the battery technologies division has been strong and management expect FY25 revenues to be more than 2.5 times higher than those posted last year. Positive news about products being expected to fall outside of US tariffs added to the cheer.
Quadrise [LON:QED] was 13% higher to take the notable mention following news of a contract win with a partner who is looking to begin marine trials of the company’s lower carbon fuels.
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Celadon Pharmaceuticals LON:CEL slipped 55%, adding to yesterday’s losses off the back of funding concerns and the fact that if these weren’t resolved quickly then the company could slide into administration.
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Jade Road LON:JADE was in second to last place, down 27%. That coincides with news that the investment company had terminated its investment commitment with Woollard & Hall. This commitment was conditional on the completion of certain conditions in relation to any proposed investments and the Company has determined that the conditions would not be satisfied. There’s no further detail but today’s losses unwind the cumulative gains from the last couple of weeks.
