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Home » UK Shares » AIM Risers and Fallers » AIM round-up: Uru Metals, Online Blockchain, Loopup

A slightly curious turn of events today, with the AIM Index adding almost 16 points – 1.3% – to close at 1228.38.

Tech stocks finding favour and a softer pound both helped drive the move, which eclipsed the gains seen from the FTSE-250 and was significantly better than the loss posted on the FTSE-100.

  • Uru Metals +37%
  • Online Blockchain +18%
  • Loopup -23%
  • Assetco -17%
  • Bradda Head +12%

Uru Metals [LON:URU] topped the board, adding 37% by the bell, but trade looks to have been exceptionally lumpy. A 16% spread and a £5m market cap give us the usual caveats and again with a small number of parties holding 70% of the stock, modest demand around the edges can have an outsized impact.

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Online Blockchain [LON:OBC] is back on the radar, adding another 18% during Thursday’s trade and finding itself in second place on the leader board. Whether that’s a run-on from yesterday’s gains or off the back of bitcoin managing to maintain its recent bounce remains to be seen but the company is – at least for now – enjoying some good fortune.

A notable mention for Bradda Head [LON:BRAD] which added another 12% following yesterday’s bumper market debut. There’s no news out to support the gain, but again with limited free float and presumably some post-listing lock-up arrangements in place too, small volumes may have the potential to give outsides moves here.

Cloud platform the LoopUp Group [LON:LOOP] found itself at the foot of the table today, sitting some 23% lower by the closing bell. A trading update published this morning certainly painted an upbeat picture in terms of pipeline and transition of existing customers to a preferred charging structure, but management now expect H1 revenues to be around 13% below expectations. This stock has been on a bumpy ride of late, but having already been hit hard at the end of last year, the price is almost 80% down on the year. Will today’s move prove to be overdone?

Assetco [LON:ASTO] found itself in second last place today after news of a £16.5m cash acquisition of a 63% stake in Rize – plus a further commitment of £5.25m worth of investment in the specialist ETF issuer. The news was accompanied by a deeply discounted placing, so even though there’s been a 17% dip today, that was inside the spread and trading was quite limited.

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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