Skip to content

AIM round-up: Ironveld, Blue Star Capital. Avacta Group

*

London’s AIM index found cause for cheer on Tuesday, with suggestions that Russia may be de-escalating its presence on its border with Ukraine a key driver of sentiment. However, this still appears to be far from a done deal, so cross-market volatility is likely to be a recurring theme. At 3.45pm the junior index sat just shy of 13 points higher at 1077.48.

  • Ironveld +27%
  • Blue Star Capital +21%
  • Avacta Group +19%
  • Mysale -51%
  • Loopup -34%

Ironveld [LON:IRON[ had a suitably buoyant day, adding just over 20%, but the market was far from efficient with a lack of available stock driving spread out to 10% in thin trade. There may be a news release imminent and insiders are as such reluctant to sell. One to watch.

Blue Star Capital LON:BLU also found favour, adding 21% on the day. Again there’s no news but the Russia/Ukraine situation appears to have been considered a potential drag here. The share price has almost fought its way back to pre-Christmas highs, but the geopolitical narrative could keep this volatile.

A notable mention for Avacta Group LON:AVCT which was 19% ahead at 3.45pm despite the prospect of free lateral flow tests – which it supplies to the UK government – coming to an end. Shares had however fallen almost 60% since the start of the year, we’re all going to have to live with COVID for a long time yet and the company has more than one string to its bow. Bargain hunters may now be swooping in.

A trading update ensured Mysale LON:MYSL found its way back onto our list yet again today, shedding 51% as we approach the close.  The stock has now lost a total of two thirds of its value since the start of the year, with the Omicron variant leading to surplus stock before Christmas and management expressing a cautious outlook in today’s statement. A further update has been promised and clearly this has left investors wary.

Loopup LON:LOOP has also been afflicted by a trading statement this morning, with shares losing 34% by copy time. The note was broadly positive but did flag that longer lead times from booking to revenue were causing something of a drag on performance. Investors have latched onto this to drive the stock even lower.

Looking for great investing ideas? Sign up to our free newsletter.

Join us on WhatsApp

This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

'How to' Guides

Our latest in-depth company reports

Detailed reviews of selected companies and investment trusts.

On the podcast

Sign up for great investing stock tips

Thanks to our Site Partners

Our partners are established, regulated businesses and we are grateful for their support.

Aquis
CME Group
FP Markets
Pepperstone
TMX
WisdomTree
Back To Top