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AIM round-up: Catenae Innovation, Sound Energy, Quiz


London’s AIM Index racked up another day of losses today, although downside was limited to just over two points, reaching the bell at 1162.5.

  • Catenae Innovation +36%
  • Sound Energy +23%
  • Vast Resources -16%
  • Katoro Gold -15%
  • Quiz -8%

Catenae Innovation LON:CTEA topped the board, adding some 36%. There’s no formal news out, but with the COVID passport roll out kicking off today for large venues and an expectation that even tighter rules may now follow, the company’s previous association with the project still seems to be lending support – even if management have already tried to distance themselves from the idea.

Sound Energy LON:SOU is back on the radar with gains of 23% at 4.30pm. Again, no formal update here but off the back of recent updates there’s clearly a lot of optimism in play. Limited supply does seem to be widening out the spread so this could yet see some reversion if conditions normalise in the morning.

Vast Resources LON:VAST was the day’s worst performer, sliding 16%. The stock has been trending lower for the last couple of years and now has a market cap of below £5m with shareholder value being eroded quickly. Evidently there are now questions being asked as to for how much longer this can be sustained.

Katoro Gold LON:KAT also floundered today, slipping some 15%, although that’s within the spread of this £3m company. In summary, not much to report here following a day of limited trade.

A notable mention for fashion retailer Quiz LON:QUIZ which saw itself marked back by 8% today. Given how quiet London seems to be in the run up to Christmas, it’s likely that hopes of a last minute rush of buying those clothes for special occasions are evaporating fast. Trade in the stock was admittedly limited and the losses barely exceeded the closing spread, but any hopes of optimism off the back of a return to normality are seemingly evaporating.

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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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