London’s AIM Index has had another down day, failing to latch onto the upside seen by the FTSE-100. At the close, the junior market sat more than four points lower at 879.46.
- Live Company +18%
- Zinc Media +17%
- Cleantech Lithium +16%
- Morses Club -18%
- Bens Creek -14%
Live Company LON:LVCG was the day’s best performer, up 18% at the bell after announcing two JV agreements in Japan. This comes with £300k worth of license fees and a £630k investment into the company, numbers that are material against the £5m market cap plus the fact shares traded down to fresh lows last week.
A trading update lifted Zinc Media LON:ZIN towards the top of the board today, adding 17% by the bell. The TV production company noted that it is starting the new financial year in its strongest position in five years along with an excellent pipeline. Transactions were however thin on the ground but this takes the stock back to levels last seen in September.
Cleantech Lithium LON:CTL advanced 16% on the day, securing the notable mention. There’s no specific news out here but the share price has had a good start to the year. That dip in underlying Lithium prices could be short lived given continued demand from heavyweight auto manufacturers.
Morses Club LON:MCL is at the foot of the table, down some 18% with the company moving towards delisting next week. The fall is however within the spread, with investors now clearly out of love with the stock.
- SmallCap Stocks: KRM22, Serinus Energy, Checkit
- SmallCap Stocks: Immupharma, Challenger Energy, Bens Creek
Bens Creek LON:BEN sat 14% lower at the bell, with some heavy bulk selling being noted. Shares have however pulled back from session lows, suggesting there’s meaningful demand down at these levels.
