London shares were something of an outlier globally on Wednesday, with growing optimism of further BoE rate cuts lending support. However the AIM All Share clearly underperformed the main board, but still closed ahead, up just over a point at 767.02.
- Proteome Sciences +17%
- Greenroc Strategic Minerals +15%
- IQE +12%
- Polarean Imaging -52%
- Oxford Biodynamics -39%
Proteome Sciences LON:PRM was the biggest riser, adding 17% on the day. However there’s no news there, trades have been lumpy and the gain was within the quoted spread.
- AIM Market Roundup: Proteome Sciences, TAP Global, Various Eateries
- AIM Market Roundup: UK Oil & Gas, Tertiary Minerals, Pulsar Helium
Greenroc Strategic Minerals LON:GROC was 15% higher following this morning’s news that a EUR5m secured loan facility had been agreed. That’s from the Danish export and investment fund and is seen as a major vote of confidence the company’s graphite mine in south Greenland.
IQE LON:IQE gets the notable mention, closing 12% higher. The company is looking for a buyer but there’s no news out. However volumes were looking materially higher than had been seen of late.
Polarean Imaging LON:POLX was 52% lower, with the company this morning announcing a strategic review that may see it delist from AIM. Citing low levels of market activity and the fact shares repeatedly trade below intrinsic value, the company isn’t the first to be calling out the cost/benefit situation here.
- AIM Market Roundup: Fiinu, T42 IOT, Polarean
- AIM Market Roundup: Westmount Energy, Simec Atlantis, CAP-XX
Oxford Biodynamics LON:OBD was in second to last place, trading down 39%. That follows fundraising news which was undertaken at a 40% discount. Capital will provide support for the company’s ongoing operation as sales revenues improve.
