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

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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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