The AIM Index has started the week on a rather subdued note. With US markets closed for the Presidents’ Day Holiday and many participants also awaiting the release of those FOMC meeting minutes on Wednesday, there has been little temptation to drive sentiment. At the close, the junior market was just over a point higher at 866.76.
- URU Metals +39%
- Proteome Sciences +23%
- Harland & Wolff +8%
- Jade Road -44%
- Silver Bullet Data -23%
URU Metals LON:URU put in another solid performance at least on paper, with shares appearing to advance a further 39% by the bell. However, the stock trades with a stubbornly wide spread and doesn’t see much in the way of volume, so despite its repeated appearances in this column, URU isn’t making the progress that may be expected.
Proteome Sciences LON:PRM added 23% off the back of a trading update this morning following the 31st December year end. The company notes that revenue growth is robust despite macroeconomic challenges and cash reserves have close on doubled over the last 12 months.
Harland & Wolf LON:HARL gets the notable mention, up 8% on the day. This morning the company provided an update on six smaller contract wins, which arguably helped draw some attention away from the scaling back news on Friday. Management add that there’s a steady uptick in the volume new business enquiries being seen at present.
- Small Cap Stocks: Armadale, Deltic Energy, Kooth
- Small Cap Stocks: Gunsynd, Chariot, Inspirit Energy
- Small Cap Stocks: URU Metals, Armadale Capital, Phoenix Copper
Jade Road LON:JADE was at the foot of the board, some 44% lower on the day. Whilst there was some fundraising news out this morning, this is a true minnow of a stock and the move was within the spread. Nothing to see here.
Silver Bullet Data LON:SBDS was the second worst performer, off 23% by the bell. It’s now eight months since the company last announced any new contracts and with FY22 having not long completed, investors may be getting wary over just how long they will have to wait for more news.