The grind higher continues for equity markets and AIM has been no exception here. The London index jumped at the open and held onto gains through the session, closing up four points higher at 1035.04.
- Directa Plus up 48%
- The Panoply Holdings up 34%
- Reabold Resources down 25%
- Avacta Group down 20%
- Quiz up 24%
Directa Plus LON:DCTA pushed its way to the top of the leader board today, adding 48% in the wake of news that a collaboration partner had made significant progress in using the company’s technology to develop a more efficient battery. An energy density of 410Wh/kg was achieved – that’s two to four times better than a standard Lithium-Ion cell.
The Panoply Holdings LON:TPX shuffled 34% up by the close. There’s no firm news behind the move although a glowing endorsement for the firm in yesterday’s Mail on Sunday Midas column appears to provide an explanation.
Reabold Resources LON:RBD was the biggest faller on the day, losing 25% off the back of an operations update. Investors had clearly been hoping for more with some reservoirs showing insufficient development. Drilling continues but volumes were exceptionally high – buyers seemingly couldn’t be found at sufficient scale.
Avacta Group LON:AVCT slipped 20% despite what appeared to be an encouraging update in terms of lateral flow COVID test kits. More good news in terms of the Oxford vaccine clearly take the shine off stocks like this, but we’re still a long way from herd immunity. Rapid, accurate testing will still be very much needed in the coming months.
A notable mention for fashion retailer Quiz LON:QUIZ which saw its shares jump 31% higher on Monday as investors cheered the prospect of Christmas shopping being back on the agenda. The stock has had a rough ride of late, but today’s gains mean the share price has doubled in the last three weeks. Note that the quoted spread at the close was approaching 10%.
