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Home » UK Shares » AIM Risers and Fallers » AIM round-up: Eve Sleep, Knights Group, 88Energy

AIM round-up: Eve Sleep, Knights Group, 88Energy

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The junior market has spent the vast majority of the day fractionally underwater. A break into the black was seen just ahead of the close, but this failed to be sustained with the AIM Index reaching the bell just over half a point lower at 883.46.

  • Eve Sleep +62%
  • Knights Group +21%
  • 88 Energy +12%
  • Cornerstone FS -29%
  • San Leon Energy -17%

Eve Sleep [LON:EVE] topped the board today, advancing 67% and returning to levels not seen since the start of last month. However shares remain significantly – as in 99% – below the highs struck shortly after the IPO and there’s no news out but some stake building was reported yesterday. Could an update on the sale process be nearing?

Knights Group [LON:KGH] found itself in second place by 4.30pm, up some 21%. Full year results published this morning evidently received a positive reception, with revenue up 22%, a solid start to the new FY being noted and the company adding it is confident that its growing scale sets a good foundation for the medium term.

A notable mention for 88Energy [LON:88E] which also had a solid day, advancing 12% by the bell although the stock still remains badly wounded in the wake of those poor drilling results in March. Again there’s no news but interest in the stock has been significantly elevated, arguably helped along by some upbeat press reports.

Cornerstone FS [LON:CSFS] was the day’s biggest faller, off 29% after yesterday’s stellar rise inspired by that trading update. This simply looks like some opportunistic profit taking and given both the size of the spread plus the reported dealflow, there’s arguably little cause for concern here.

San Leon Energy [LON:SLE] also struggled, sitting some 17% lower at the close. The company’s stock had been suspended for the last year, so this is likely just a shake out of investors who have been locked in for some significant time and are now quite happy to cash out. Interest in the stock was also significantly lower than reported after the debut yesterday.

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Please note this article does not constitute investment advice. Investors are encouraged to do their own research beforehand or consult a professional advisor.

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