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Home » UK Shares » AIM Risers and Fallers » AIM round-up: Provexis, Clontarf Energy, ITM Power

London’s AIM Index lost a further ten points during Thursday’s session, reaching the close at 965.93 with today’s ECB monetary policy news dragging on sentiment.

  • Provexis +18%
  • Empyrean Energy +16%
  • Clontarf Energy +8%
  • ITM Power -18%
  • Lexington Gold -14%

Provexis [LON:PXS] was the day’s biggest gainer but upside was a muted 18%, volumes were hugely limited and the stock closed being quoted on a 25% spread. It’s probably too early to say if things are looking up for the maker of Erectile Dysfunction therapies.

Empyrean Energy [LON:EME] added 16%, leaving it in second place at the bell. Shares plummeted back in April after a drill project came back dry and whilst today’s gains go a little way to recovering that loss, there’s arguably more to come. The company noted in May that it proposed further drilling – could some news be about to break here?

A notable mention for Clontarf Energy [LON:CLON] which again found support today after that shake out at the start of the week. Gains were a modest 8% and with such a low share price the spread is arguably unrealistically wide here, but evidently some believe value can now be found.

ITM Power [LON:ITM] was the day’s worst performer, off 18% following the publication of a trading and corporate update. Order backlogs are growing and so are losses, but the company remains well capitalised even in light of the current burn rate.

Lexington Gold [LON:LEX] also struggled, off some 14% at the bell after it published full year results this morning. Trade was again limited but arguably of most concern is the fact that cash reserves are being whittled down, too. A CLN to raise a further £335k was issued in April.

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This article is not investment advice. Investors should do their own research or consult a professional advisor.

Tony Cross

Tony Cross

Tony Cross is a market commentator with over 15 years of experience, producing compelling, insightful copy for journalists and investors alike. Focusing on macroeconomics, UK blue chip equities and inter market analysis, Cross's commentary is well regarded for its clarity and ability to cut through the waffle. He has been quoted in publications as diverse as The Financial Times, The Times, The Guardian and The Sun. He has also been a regular guest on both Share Radio and TipTV.

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