London’s AIM Index has had another underwhelming day and failing to find the support that has been seen across many other markets, shedding close on seven and a half points by the bell to finish at 1016.85.
- Loopup Group +111%
- Osirium Technology +26%
- City Pub Group +10%
- Empyrean Energy -70%
- Kropz -28%
Loopup Group LON:LOOP topped the board today, adding 111% by the closing bell. This morning the company posted news of a contract win with Telefonica, along with an update over trading, noting that recent cloud telephony contract wins put the company comfortably on course to meet targets for the full year.
Osirium Technology LON:OSI was the day’s second biggest gainer, adding 26% by the bell. This is a £6m company which saw sharp gains off a trading update at the start of the month but had been floundering since. Today’s leg up still hasn’t pushed the stock back to those recent highs however – can the gains be sustained?
A well received trading update from City Pub Group LON:CPC this morning left the shares 10% higher at the close. Trade has almost recovered to pre-pandemic levels and there’s confidence in the company that momentum will continue to build despite lingering uncertainty over the economic backdrop.
Empyrean Energy LON:EME was the day’s biggest casualty, off 70% at the close. This morning the company issued an update regarding a drilling project off China, which yielded results showing no oil pay in the reservoir.
Kropz LON:KRPZ also had a rough ride, finishing down 28% after the company advised of delays to sales of its first phosphate rock concentrate from Elandsfontein, owing to re-engineering that has been deemed necessary, along with ore quality problems and a lack of operator experience. This is causing a knock on funding issue which risks leaving shareholders offside as a result.
