The AIM Index continued to advance on Wednesday, falling to topple last week’s high but still charting a solid course towards the psychologically significant 1,000 mark. The index settled up almost 9 points at 993.84.
- Remote Monitored Systems up 145%
- Prophotonix up 39%
- Two Shields Investments down 21%
- Nostra Terra down 12%
- Tasty Group up 16%
Remote Monitored Systems [LON:RMS] surged higher on Wednesday, adding over 140% and although the stock still sits some way off highs from the start of the month, the losses accrued since Monday’s vaccine news have been reversed. The jump higher was off the back of a statement by Nottingham University confirming the efficacy of recently acquired Farm2Pharm’s facemasks in killing viruses. This is powerful technology and something that has the potential to impact lives well beyond COVID.
Prophotonix [LON:PPIX] shows occasional bursts of activity and today was the latest instalment. The lighting manufacturer ended up second on the board, having added 39% but with no news behind the move. They did however announce yesterday the release of a UVC LED based lamp providing a rapid development solution disinfection. Apparently UVC is a proven method in the disinfection of water, air, and surfaces which has shown to be effective against pathogens such as E. coli, L. innocua, and COVID-19. The acceptance that Monday’s vaccine news isn’t a silver bullet seems to have yielded results here, too.
Two Shields Investments LON:TSI was the day’s biggest faller in the wake of a lengthy note covering a number of updates. The company has received a £3.2m cash injection from investors and has announced a punchy £13m acquisition, funded by new shares. The fall comes despite some solid buying demand during the day, although with the stock closing on a 14% spread the 21% loss needs to be taken in context.
Nostra Terra Oil and Gas Company LON:NTOG slipped 12% today although given the width of the quoted spread and the £2m market cap, again usual caveats apply. The company updated on drilling progress yesterday and noted that progress here could have a significant impact on cashflow.
Notable mention for restaurant operator Tasty LON:TAST who added to Tuesday’s gains by advancing a further 16%. Again, no hard news here but expectations are clearly growing that the sector can return to some degree of normality quickly. Shares do however remain 55% below the 2020 highs.
