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AIM round-up: Hardide, Kropz, ASOS, Galantas Gold


It’s been another down day for London’s AIM market with the index slipping a further five points to reach 1295.66 by the bell.

  • Hardide +32%
  • Kropz +18%
  • Galantas Gold Corp -17%
  • Windar Photonics -16%
  • ASOS -6%

Hardide [LON:HDD] found itself pushed to the top of the board today, adding an impressive 32% after the company announced a contract win ahead of the opening bell. Although the deal is only worth £200,000, it’s the company’s first production order for power generation turbine blades, and the note made clear that it expects this to be the start of a healthy pipeline.

Phosphate explorer Kropz [LON:KRPZ] found itself in second place, up 18% by the bell. There was very limited trade seen but a positive update over a water license in South Africa seems to have helped buoy sentiment. That said, the gain is still within the spread being quoted at the close, which stood at 33%

Galantas Gold Corp [LON:GAL] was the day’s worst performer, shedding just over 17%. There’s no fresh news here, but yesterday a director’s retirement/resignation was announced so this may just be a delayed reaction. With a market cap of £22m and a spread of around 7% however its’ difficult to read too much into this move.

Windar Photonics [LON:WPHO] remains under pressure with the stock losing a further 16% today. That takes losses since the start of the month to more than 35% but there’s no news out to justify the move. With a current spread of 11% and a market cap of just £10m however again this is hardly abnormal volatility.

ASOS [LON:ASC] gets the notable mention today after shares slumped almost 6%. Whilst there are a number of concerns facing retailers right now including supply chain issues and worries over consumer demand, we did see a broker upgrade for peer Boohoo. This may be behind the price action.

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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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