London’s AIM Index has given back a few points as the new week gets underway but remains above the 900 level. At 3pm, the junior market sat down less than two points at 903.43.
- 7Digital +33%
- Digitalbox +19%
- Hurricane Energy +19%
- Argos Resources -17%
- Image Scan -15%
7digital LON:7DIG topped the board today, up 33% off the back of news that it had entered into a long-term contract with Utopia Music. Combining Utopia’s next-gen tracking and payouts technology with 7digital’s catalogue is set to support the entire industry making money faster with lower costs.
Digitalbox LON:DBOX advanced 19% by 3pm. There’s no news here and trade volumes are thin making for a chunky 8% spread, but elevated volumes suggest there’s some interest here.
Argos Resources LON:ARG was the worst performer with an hour and a half to go, off 17%. The company saw its shares reinstated this morning following the publication of full year results, but this was far from glowing. Arguably the most telling line was that failure to secure a license extension or raise sufficient funds will result in the company being unable to continue as a going concern.
Image Scan LON:IGE also had a poor start to the week, falling some 15%. However, trade was very thin and at copy time the spread was out to 30% on the £2m cap stock with no formal news reported.
