Despite a promising start to the week, London’s AIM index gave back early gains heading into the close to reach the bell less than one point higher at 875.6
- Nanosynth +67%
- Eqtec +26%
- Tekcapital +13%
- Active Energy -16%
- Shield Therapeutics -15%
Nanosynth LON:NNN topped the board today, advancing 67% after publishing a strategic update this morning. The company is undertaking a turn around plan and the note acknowledges shareholder frustration with the pace of change, but a significant volume of shares changed hands during the session, returning the stock to levels not seen since late May.
Eqtec LON:EQT also made progress, adding 26% by the bell. There’s no fresh news here, but announcements last week regarding a technology partner may pave the way for stronger prospects in the coming months.
A notable mention for Tekcapital LON:TEK, which this morning signalled the possible IPO of a majority owned portfolio company, MicroSalt. They have in turn just signed their first B2B distribution deal in the US. Shares sat some 13% higher at the close.
Active Energy LON:AEG was the worst performer, off 16% after an AGM statement and strategic update was published this morning. Deal flow was however limited and the spread accounst for the vast majority of the losses.
Shield Therapeutics LON:STX also struggled, sliding 15% by the bell, extending those losses we reported on at the end of last week. Investors seemingly remain wary over the outlook.
