London’s AIM All Share saw gains build through the session, with the index finally reaching the closing bell up by just over three points at 715.69.
- Gfinity +73%
- Xeros Technology +33%
- Ilika +27%
- Woodbois -36%
- Craven House -27%
Gfinity LON:GFIN topped the board, up 73% on Wednesday following the release of new business development and funding news this morning. There’s now an exclusive licence agreement with 0M Technology Solutions in place and a £250k funding round which was raised without discount will enable the continued sales push.
- AIM Market Roundup: Metals One, Conroy Gold, Tekcapital
- Small Cap Stocks: Brand Architekts, tinybuild, Quadrise
Xeros Technology LON:XSG was in second place, up 33%. A trading update here covering the full year to 31st December and critically this included news that a letter of intent had been signed with a major electronics distributor, extending distribution of the company’s external microfibre plug and go filter.
- AIM Market Roundup: Xeros Technology, Helium One, Katoro Gold
- AIM Market Roundup: Immupharma, Poolbeg, Xeros
Ilika LON:IKA was 27% higher to take the notable mention after the company successfully demonstrated its ability to scale key steps in the manufacturing of its Goliath battery. This move should see costs reduced, increase the range of electric vehicles and also reduce their charging time.
Woodbois LON:WBI was the biggest faller off 36% following a mid-morning business update. Production halts last year have had a damaging effect on cashflow and with the patience of some creditors now running thin, matters are being escalated. Management claim that once production has fully restarted then payments can be normalised – legal action at this point could therefore be hugely disruptive.
- AIM Market Roundup: ADM Energy, Panthera, Quartix
- AIM Market Roundup: Good Energy, Beacon Energy, Abingdon Health
Craven House LON:CRV was second to last, down 27% on the day. The stock saw an erratic move higher a few days back and is simply giving that back at present. Trades were few and far between and the spread accounts for most of the move.
