The AIM All Share index has been trading sideways through the session so far and whilst in negative territory around the start of the US open, losses look limited. The basket was down just over one point by 2.30pm, trading at 794.9.
- WH Ireland +213%
- Bradda Head Lithium +43%
- Oxford Biodynamics +29%
- Mercantile Ports -23%
- Angle -20%
WH Ireland LON:WHI was topping the board following the mid-session update in response to press speculation. As matters stand, plans to wind up the business and dispose of assets will fail at the forthcoming General Meeting and a further update will follow post-event, which is due to take place on 20th October. Shares were 213% higher at copy time.
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Bradda Head Lithium LON:BHL was 43% higher at our early copy time, although there’s no news here. Volumes were sharply elevated with gains shortly after the open being more impressive, but there’s nothing behind the move.
Oxford Biodynamics LON:OBD gets the notable mention. The stock was up 29% mid-afternoon following news that the company had announced the development of a new blood test for chronic fatigue syndrome. The new test has 96% accuracy and using the OBD EpiSwitch platform.
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Mercantile Ports [LON:MPL] was 23% lower after the company issued an update on an ongoing high court order from India. The court has declined to grant interim relief regarding a settlement that the company is trying to make, raising questions over transparency.
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Angle LON:AGL was 20% down by the time of writing in the wake of a strategy update. The chairman will move into an executive role as the business looks to conserve cash, but the note reiterates that with the cash runway running out, a funding round will need to start imminently.
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