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AIM round-up: Simec Atlantis, Eurasia Mining, Quantum Blockchain


London’s AIM Index has managed to accrue some modest gains during Thursday’s session, although arguably until there’s some better direction over who will replace Boris Johnson – and just how quickly he’ll stand aside – UK markets in general may struggle. By 4.30pm the index sat almost five points higher at 879.34

  • Simec Atlantis +101%
  • Eurasia Mining  +45%
  • Quantum Blockchain  +24%
  • Novacyt  -24%
  • Nanosynth  -20%

Simec Atlantis LON:SAE topped the board today, jumping just over 100% after announcing that the government had agreed to underwrite 15 years worth of tidal energy production by setting a guaranteed price now. This will enable the world’s first commercial tidal array to be to be deployed at scale.

Eurasia Mining LON:EUA also advanced 45%. There’s no news here but this has helped reverse some of those losses accrued by the stock in recent days. The closing spread was a rather wide 7% and although volumes were elevated, they were far from remarkable.

A notable mention for Quantum Blockchain LON:QBT which advanced 24% today. There’s no news out but with bitcoin appearing to have found some support, this could be feeding through to the share price.

Novacyt [LON:NCYT] was the day’s worst performer, off 24% in the wake of a trading update. This flagged a faster than expected decline in COVID-related sales and revenue for the full year is now expected to come in around £25m, significantly below the previously stated £35-£45m.

Nanosynth LON:NNN was the second biggest faller, off 20% by the bell. A strategic update and news of directors buying up stock has bolstered the price in recent days, suggesting that this sell off may be little more than some opportunistic profit taking.

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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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