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AIM round-up: Cordel Group, IG Design, Artemis Resources


London’s AIM Index put in a solid session, adding almost eight points by the bell and finding its way back to levels not seen in around two months, closing at 927.59

  • Cordel Group +35%
  • IG Design +21%
  • Artemis Resources +15%
  • Revolution Beauty -28%
  • Agriterra -22%

Cordel Group LON:CRDL topped the board, up 35% by the bell. However there’s no news and limited tread was seen, leaving the £15m company closing on a wide spread. The company did advise of a contract win earlier in the week however and the share price reaction here was relatively muted –  this may well simply be a delayed reaction with investors believing there’s more upside than had originally been priced in.

IG Design LON:IGR added 21%, helped off the back of news of stake building by an existing investor. The stock is still well down from where it started the year after that disappointing trading update, but with supply chain woes easing the backdrop may be improving too.

A notable mention for Artemis Resources [LON:ARV] which tacked on a further 15% today. That’s the third time this week we’ve flagged the stock which has more than doubled in value since Monday morning. Previously released technical data is being seen as driving the gains.

Revolution Beauty LON:REVB took another dive today, off 28% by the close. This morning the company advised that its auditors had raised questions in preparing full year accounts, which were due to be filed by the end of the month. In the event of material adjustments being necessary the company has advised that this could impact multiple metrics, although not its net debt position.

Sub £1m market cap Agriterra LON:AGTA had a difficult day, shedding 22% although with a limited amount of very one sided trade, this slide equates to the closing spread. It also leaves the stock back at the lows seen around five weeks ago.

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This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

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