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AIM Market Roundup: Genedrive, Petro Matad, Alien Metals

By Tony Cross
9th October 2025

London’s AIM All Share spent the bulk of the session just into positive territory but a soft start on Wall Street has eroded sentiment, pushing the index into the red, closing down by less than a point at 795.12.

Genedrive +45%
Petro Matad +30%
Alien Metals +19%
WH Ireland +9%
Versarien -12%
Intercede Group -11%

Genedrive LON:GDR was 45% higher on the day, with an additional update on equity financing lending support. A significant investor has been pushing back against the recent fund raise but is refusing to engage with management. Whether today’s update increases the prospect of the funding proposal failing at the general meeting and/or an opportunistic takeover bid being made remains to be seen.

Petro Matad [LON:MATD] was in second place, up 30% after the company provided a drilling update this morning. There was positive news from the Mongolian oil exploration company and the fact this win had pushed back further drilling work is clearly of little concern.

Alien Metals LON:UFO was 19% higher with news of an accelerated drilling campaign by a JV partner accompanying the rise. Management note that by bringing forward the campaign demonstrates the strong technical and continued operational momentum of the project.

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An extra call today for WH Ireland LON:WHI, the long standing stockbroker which was looking to wind down operations and delist. This proposal was rejected at today’s general meeting, resulting in executive directors tendering their resignations. Whilst the business remains loss-making it does have sufficient funds to continue trading on a BAU basis.

The note adds that “directors will now consult with the Company’s principal shareholders to ascertain their views for the future plans of the business and they are looking to progress this in a constructive and expeditious manner”. Shares were 9% higher at the bell.

Versarien LON:VRS was the biggest faller, although off by a mere 12%. That move was inside the quoted closing spread and trade was notably lumpy. The company needs to find a buyer – but whilst remaining onside with government restrictions. Is time running out?

Intercede Group LON:IGP was in second to last place, down 11%. A trading update this morning painted a mixed picture with revenue backlogs growing but H1 revenues set to fall incrementally against the comparative. Disclosure of a buy order by the CFO may provide some stability but investors probably want more clarity over the corporate outlook here.

This article does not constitute investment advice. Do your own research or consult a professional advisor.