It’s been a positive start to the week with the AIM All Share adding almost six points to close at 771.32. Markets continue to buy into the narrative of a meaningful rate cut from the Fed although concerns are lingering that any inflation surprise late in the week could yet derail this theme, knocking cheer for equities, too.
- ImmuPharma +53%
- Rockfire Resources +30%
- Likewise +12%
- Trellus Health -37%
- Mercantile Ports -33%
ImmuPharma LON:IMM is back on the list, up 53% today. That extends the recent strong run of gains posted by the stock following recent announcements over patents and new hires. The share price is close on five times higher than the lows tested in late August.
- AIM Market Roundup: Trellus Health, Great Western Mining, EMV Capital
- AIM Market Roundup: Dewhurst, Metir, Tertiary Minerals
Rockfire Resources LON:ROCK added 30%. There’s no formal news out here but the company guided last month that drilling at the Molaoi site would commence in September. Volumes were showing as notably elevated, too.
Likewise Group LON:LIKE moved 12% higher in a move that coincided with news that it had won approvals to increase the size of a facility in Newport, Wales. The site is set to be operationally active in Q2 ’26, the project will be funded through existing cashflow and will help drive annual sales to more than £200m, with more progress expected in the medium term.
Trellus Health LON:TRLS was the biggest faller on Monday, down 37% by the bell. Critically the company is running out of cash and management are exploring an imminent fundraising but on top of this the initial release overstated the size of the EBITDA loss, something that was only picked up heading towards the close. Commercialisation is now underway but YTD revenues are less than $400k , there was $1.6m in the bank at the end of June and the bur rate whilst falling, is still over $440k per month.
Mercantile Ports [LON:MPL] was the second biggest faller, off 33% after the company announced it had been unable to strike a deal with creditors as one party had failed to issue a sanction letter.
