The AIM All Share index was trading fractionally higher heading into the close although uncertainty over the budget compounded by an unclear outlook in terms of the Fed’s next steps seem to be somewhat distracting. The index was just one point higher at 736.75 approaching 3pm.
- Trellus Health +24%
- Great Western Mining +17%
- EMV Capital +15%
- EQTEC -37%
- ImmuPharma -29%
Trellus Health LON:TRLS issued a finance update this morning notifying that it had received an unsecured $600k loan, extending the company’s cash runway to January. That’s given the stock something of a boost but it remains well down from the highs seen earlier in the year. Shares were 24% higher at the time of writing.
Great Western Mining LON:GWMO was in second place, up 17%. There’s no official news out but buying has been seen in the latter part of the session. That said, the rise is barely bigger than the quoted spread and volumes whilst high are far from looking abnormal.
- AIM Market Roundup: Great Western Mining, Litigation Capital Management, Poolbeg Pharma
- AIM Market Roundup: Angle, Coyngar, Light Science Technologies
EMV Capital [LON:EMVC] gets the notable mention, adding 15% at copy time. That coincides with the expansion of the senior leadership team, reflecting the growth of the business AUM. Volumes have been elevated so that combined with limited order flow may be driving the gains. The spread is quoted at 10%.
EQTEC LON:EQT was the biggest faller, off 37% following a mid-session corporate and funding update. The company is looking debt laden and has liabilities due soon. Whilst a standstill arrangement has been put in place to resolve the immediate £0.7m loan, that’s only until the end of next month.
ImmuPharma LON:IMM was also trading lower, down 29% on the day with a corporate update having been released earlier. The sell off comes despite confidence that the cash runway now extends to the end of next year, whilst conversations are well advanced in terms of commercial partners, although the fact that this isn’t now expected to complete until the new year seems to be rattling confidence.
Comments (0)