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AIM round-up: Itaconix, Netscientific, Online Blockchain


Equity markets have shaken off that recent malaise with the AIM index outperforming London’s main board on Thursday, closing some 18 points higher at 1247.29, although there are no major outliers in terms of stock specific movements at 4.30pm

  • Itaconix up 20%
  • Netscientific up 16%
  • Online Blockchain up 11%
  • Empire Metals down 12%
  • Location Sciences Group down 12%

Itaconix LON:ITX was the day’s best performer, adding 20% with news that the company has been awarded the LSE’s green economy mark lending some support. The company makes personal care products, with 96% of revenues coming from plant based products. The successful IPO of Oatly could well be factored into thinking here, too.

Netscientific LON:NSCI reached the bell some 16% ahead with a couple of corporate news announcements relating to portfolio companies being well received.

Empire Metals LON:EEE was the worst performer by the close, with this morning’s news of an option agreement to acquire 75% of a gold mining project in Australia knocking confidence. There is however a dilution impact to be taken into account here, which is arguably weighing on sentiment.

Location Sciences Group LON:LSAI was the second worst performer at 4.30pm. There’s no news here and trade was thin, but with a £3m market cap and 20% spread, it’s difficult to read much into the 12% sell-off – although this does almost completely reverse gains from earlier in the month.

A notable mention for Online Blockchain LON:OBC which was sitting 11% higher at the bell. There’s no news here but the fact that bitcoin has rallied by around a third in the last 24 hours is doubtless helping, Cryptos still seem far from being written off…

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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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