The AIM All Share had a reasonable start to the session but that news from Donald Trump levying significant tariffs on Canada has hit sentiment. The Index, which had been broadly unchanged at the time, closed down almost four points at 678.66, heading towards the lows last seen in October 2023.
- GCM Resources +37%
- Deltic Energy +19%
- Solid State +16%
- Synairgen -37%
- Thruvision -29%
GCM Resources LON:GCM is back in focus today, topping the board and adding 37%. As noted yesterday there’s talk that Bangladesh could resume open cast mining which would be a boon for GCM. This coming to fruition is likely a long way off but it’s something to cheer – if you look beyond the carbon emissions – on an otherwise glum day.
Deltic Energy LON:DELT was in second place, up 19%. An operational update this morning has given investors cause for cheer, with management highlighting the divergence between the company’s valuation and the share price, whilst also noting that good progress is being made in terms of funding options.
- AIM Market Roundup: Deltic Energy, Gear4music, Mercia Asset Management
- AIM Market Roundup: Caledonian Holdings, Deltic Energy, Kooth
Solid State LON:SOLI was 16% higher following news that it had secured a $25m communications order, which will be delivered in the next financial year. This was deferred from last year following the strategic defence review which lead to a pause across the board.
- Solid State sees tentative signs of cyclical improvement
- Solid State secures two significant US defence contracts
Synairgen LON:SNG was 37% lower following news that it was planning to delist from AIM. As we have seen of late, these updates are usually greeted with an adjustment lower for the share price.
Thruvision LON:THRU was down 29%, with limited late-session selling seemingly being the key driver here. There’s a wide spread but no other news, although the company is currently looking for a buyer and with market sentiment bruised, some may simply be looking for an exit at any price.
