London’s AIM Index has spent the first session of the week trading broadly sideways, finishing less than one point higher at 1250.03
- Simec Atlantis Energy 33%
- Jaywing 26%
- Synairgen 22%
- Tern -21%
- Windar Photonics -16%
Simec Atlantis Energy [LON:SAE] was the day’s biggest riser, with investors responding favourably in the wake of two pre-market updates. That said it’s arguably the milestone in the Japanese tidal energy project that is garnering the most interest, with the turbine performing well in some extreme conditions and passing the government’s required pre-use inspection tests. The stock reached the bell some 33% ahead.
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Jaywing [LON:JWNG] was the day’s second biggest riser, finishing some 26% ahead. The media company has been on our radar before and although there’s no news out to back up today’s move, trading activity has certainly been brisk.
Synairgen [LON:SNG] gets a notable mention, with shares sitting some 22% ahead by the bell. The company updated the market this morning with the findings of research it had been conducting into the performance of one of its drugs against COVID-19. The results were deemed positive and although the stock remains well below last summer’s levels, the flexibility of this therapy – and the fact that this virus remains a challenge for many parts of the world ought to position the company well.
Tern Plc [LON:TERN] was the day’s worst performer, reaching 4.30pm some 21% lower. Shares reacted well a couple of weeks ago in the wake of an investor update along with speculation that a takeover may be imminent but since then there’s been little to cheer, Today’s sell-off leaves the stock at levels not seen in just over two weeks.
Windar Photonics [LON:WPHO] ended the day some 16% lower, although there doesn’t appear to be anything in the public domain to justify the slump. The stock does trade on a moderately wide spread and has a market cap of just £15m, but today’s losses now mean that all the upside seen at the end of April has now been reversed.