Taking another early look at the AIM market today and the All Share has enjoyed a bounce in line with many global indices, although is still lagging the FTSE-100. The junior index was 24 points higher at 651.26 by 12.30pm.
- Ethernity Networks +86%
- Verici DX +82%
- Aferian +22%
- Coro Energy -21%
- Ascent Resources -14%
Ethernity Networks LON:ENET makes it onto the list again today as the biggest riser by our 12.30pm copy time. Shares are up 86% on the day but there’s nothing to substantiate the move, the disconnect between investors and management that was laid bare earlier in the week is still apparent.
Verici DX LON:VRCI is also a repeat visitor this week, up 82% with some good news coming through from the US (of all places). Medicare has agreed to offer coverage for the company’s product in what is seen as a key milestone for the company. Shares do however remain well down on the month.
Aferian LON:AFRN gets the notable mention, up 22% following the publication of full year results. The B2B video streaming company noted a marked contraction in sales but added that the H2 performance saw costs down and revenues up, returning the company to positive EBITDA and cash generation. This has been carried into the new financial year.
Coro Energy LON:CORO was 21% down on the day, having this morning announced the disposal of assets. That has come at a real cash cost to the company but absolves them from making further payments providing a stronger platform for growth. Maybe in the longer term, but for now investors appear less convinced.
Ascent Resources LON:AST was 14% down on the day at the early copy time but there’s no news here, trade is thin and the move largely reverses gains seen at the start of the week.
