London’s AIM Index took another dive lower today, testing levels not seen since the early days of the COVID pandemic back in April 2020. At the bell, the index sat down more than 11 points at 788.45.
- Eve Sleep +33%
- Edenville Energy +20%
- Block Energy +15%
- Deepverge -22%
- Evegen Pharma -20%
Eve Sleep LON:EVE found itself at the top of the board today, up 33%. There’s no news, deal flow was lumpy and the stock closed quoting an 18% spread, so unless there’s some news leaking out over the sale process, it seems there’s nothing much worth getting excited about here…
Edenville LON:EDL added 20% by the bell with an update on the company’s coal mining project in Tanzania evidently lending some support. Production has now recommenced with improved output targets and pricing discussions are now exceeding the previously outlined range.
Block Energy LON:BLOE gets the notable mention today, up 15%, helped along by disclosure that a fund had amassed a holding of more than 3% in the stock. There is however a very wide spread in play here with lumpy dealflow. There seems to be little to substantiate the rally.
Deepverge LON:DVRG was the day’s worst performer, sitting some 22% lower at the bell. There’s no news here but volumes have been sharply elevated on the stock, which is now languishing at levels not seen in almost three years.
Evegen Pharma LON:EVG sat some 20% lower at the bell, giving back some of those impressive gains posted yesterday off the back of that licensing deal. This looks like little more than a degree of opportunistic profit taking although the spread does suggest buyers may be thin on the ground for now.
