It’s been another rangebound session for London’s AIM Index although early gains were knocked after a mixed start on Wall Street. The junior market finished just over half a point lower at 1248.37.
- Quiz +18%
- Aura Energy +14%
- Good Energy Group +8%
- Pipehawk -13%
- Avacta Group -12%
Fashion group Quiz [LON:QUIZ] topped the board today up 18% after publishing a quarterly trading update which showed some robust growth for the company. Numbers are still a long way behind 2019 levels, but the market is clearly supportive of the growth so far and the company’s optimism that there’s more to come as the unlocking continues.
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Aura Energy [LON:AURA] had a good day, sitting up 14% by the bell. News that field work had recommenced at a project in West Africa seems to have bolstered support for the stock, although detail beyond this does seem rather limited.
A notable mention for Good Energy Group [LON:GOOD] whose shares jumped 8% on the day after an unsolicited bid was made for the company. Good Energy were quick to rebut the offer, which is apparently the third such approach they’ve had from suitor Ecotricity in recent weeks.
Pipehawk [LON:PIP] was the day’s biggest faller, shedding 13% and extending last week’s losses in the process. There’s no obvious news out to support this shift in sentiment, but it is an absolute minnow, trades on around a 10% spread and volumes were distinctly limited.
Avacta Group [LON:AVCT] also struggled, shedding 12% with the stock continuing its run lower. Shares have lost around 50% over the last month but remain well above pre-COVID levels. Their testing kit appears well regarded, but until orders land, progress may well remain constrained.