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AIM round-up: Inspirit Energy, Eurasia Mining, Tintra

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London’s AIM Index took something of a pasting yesterday afternoon off the back of Wall Street’s reaction to US inflation data, with losses continuing to build through the morning. At 12pm, the index stood at 896.76, down by more than 11 points.

  • Inspirit Energy +48%
  • Eurasia Mining +22%
  • Tintra +10%
  • Trackwise Design -45%
  • Naked Wine -27%

Inspirit Energy LON:INSP was leading the index at 12pm on Wednesday, after the company provided an update on its waste heat recovery system. Positive results here and a plan to enter into a trial with Volvo Marine have bolstered investor sentiment in the stock, although the £2m market cap also needs to be considered here.

Eurasia Mining LON:EUA advanced 22% this morning, taking gains for the last week to more than 40%. There’s no official news out here but support for the stock is looking plentiful – is news imminent?

Tintra LON:TNT gets the notable mention, up 10% this morning with news of its first license in Qatar being awarded appearing to lend support to the stock. This is seen as a key step in the company gaining a local banking license, but the gains need to be taken in the context of them being barely bigger than the quote spread.

Trackwise Design LON:TWD was at the bottom of the board at copy time, off some 45%. This morning it reported it was striking a new deal with its UK EV OEM customer, which would reflect lower production volumes, in turn necessitating additional funding. The company is assessing options here and will update in due course.

Naked Wines LON:WINE was some 27% lower at 12pm, after news published after the close last night revealed that a non-exec director who is an analyst at the company’s largest shareholder had resigned somewhat abruptly. A second note advised that management were reviewing financial and operational plans for the next six months, although adds that Q2 covenant tests are expected to be met.

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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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