London’s AIM All Share clocked up a third consecutive session of gains, bucking the negative trend seen by many major European bourses. The Index closed around one and a half points higher at 770.90.
- Mobile Tornado +35%
- MediaZest +32%
- Pri0r1ty Intelligence +26%
- Crism Therapeutics -45%
- Versarien -44%
Mobile Tornado LON:MBT topped the board, up 35%. There’s no readily apparent news here but the share price has seen some meaningful levels of trade on the day. Given the £6m market cap, the quoted spread doesn’t seem too unbalanced either and the gains have helped reverse the losses posted earlier in the year. Is the recently appointed CEO now starting to make an impact with investors?
MediaZest LON:MDZ was 32% higher off the back of half year earnings. This showed the company posting an after tax profit with recurring revenues growing, too. H2 has started well, although the wide spread means there has been little overall net movement in the stock for some time.
Pri0r1ty Intelligence [LON:PR1] was 26% higher on the day, following the filing of half year numbers and the approval of shareholders at a General Meeting to acquire Halfspace. The company made a move into Bitcoin Treasury recently and that has been fuelling gains, too.
Crism Therapeutics [LON:CRTX] was the biggest faller, off 45% on the day. This morning the company announced the completion of an £800k placing with the sell-off reflecting the discounted offering.
Versarien LON:VRS was off 44% after it published interim results late in the session, again as the company pushed to meet the filing deadline. These showed group revenues slightly higher and losses a shade lower but the pipeline isn’t developing as fast as had been hoped and assets are being sold down. Management also note that the company remains reliant on equity funding to continue as a going concern.
