The AIM All Share managed to find some gains today, outperforming the main board but lagging continental bourses. The index finished up two and a half points at 721.63.
- Engage XR +184%
- Lunglife AI +31%
- Greatland Gold +20%
- The Revel Collective -31%
- Proton Motors -14%
Engage XR [LON:EXR] was the biggest riser on the day, up 184% at the bell. The Irish based meta-verse company this morning disclosed a partnership with Facebook owner Meta and a US based education organisation, OptimaED.
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Lunglife AI LON:LLAI also fared well, adding 31% on the day. There’s no specific news here but globally there has been cheer for the AI sector following news of significant investment into the space from the US. The run higher started at the end of last week, so the longer term picture is important to include here.
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Greatland Gold LON:GGP gets the notable mention, up 20% following a routine update from the company. Management are upbeat about the performance of new assets since they took ownership at the start of December and plans for a dual ASX listing continue apace.
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Bar operator The Revel Collective [LON:TRC] was 31% lower on the day, off the back of a H1 update. This is the reincarnation of Revolution Bars but the note shows it remains blighted by many of the same problems with younger guests facing cost of living challenges, whilst staffing costs have increased, too. The company hopes to gain from the 16.3% minimum wage increase that’s being awarded to 18-20 year olds who form a key demographic.
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Proton Motors LON:PPS was 14% lower at the close but that’s well within the spread and off low volumes. The company is proposing cancelling its AIM listing and such news tends to lead to a volatile run.