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AIM round-up: IG Design, Caspian Sunrise, ItaConix


London’s AIM Index made good progress in early trade, adding around eight points by 3pm.

  • IG Design Group +24%
  • Caspian Sunrise +16%
  • ItaConix +14%
  • Clontarf Energy -71%
  • Trafalgar Property Group -27%

IG Design LON:IGR topped the board, advancing 24% off the back of news of a funding extension.

Caspian Sunrise LON:CASP also fared well, up 16% following an operational update. Arguably this has helped placate investor fears over Russian exposure. See our analysis from last week.

ItaConix LON:ITX gets the notable mention, 14% higher at 3pm. That said, volumes have been thin and there’s little to justify the move beyond some buying support

Clontarf Energy LON:CLON was the day’s laggard, off by 71% at 3pm. Results of both an AGM and a drilling update were provided this morning and the latter was arguably the most disappointing with an advisory that “no commercial hydrocarbons were found”

Trafalgar Property Group LON:TRAF also struggled, down some 27% at copy time. Shares rallied hard around a month ago before seeing momentum abate somewhat. Today’s move – which isn’t backed by any formal news – leaves the stock trading back at those late April levels.

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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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