London’s AIM All Share has made solid gains during Wednesday’s session, adding more than five points by the bell to close at 769.44. Hopes of a Fed rate cut plus a greater degree of political stability in the UK appear to be lending support.
- Crism Therapeutics +164%
- Sancus Lending +129%
- Tasty +31%
- Physiomics -46%
- Capital Metals -22%
Crism Therapeutics [LON:CRTX] is by a long stretch the day’s best performer, sitting some 164% higher. Volumes were notably elevated although the company issued a speeding ticket stating they had no knowledge as to why the share price was so volatile. That did see some profit-taking from mid-session highs and the stock continues to trade well below its IPO price.
- AIM Market Roundup: Mosman Oil, Sancus Lending, Kromek
- UK Stock Market News: Burberry, Tasty, ITM Power
- Small Cap Stocks: Oracle Power, Quadrise, i-nexus Global
Sancus Lending LON:LEND was 129% higher, essentially reversing the losses of the last month. Volumes are notably elevated by the quoted spread is looking rather wide, too, reflecting the shortage of sellers. There’s no news in play to support the move.
Physiomics LON:PYC was at the foot of the board, trading some 46% lower in the wake of a capital raise. The discount broadly mirrors the price at which the new capital was raised and the funds are to be used against a range of business activities outlined in the note.
Capital Metals LON:CMET is on the radar again, today trading some 22% lower. Following the meaningful rally yesterday off the back of news that a new COO had been appointed, the stock has been in reverse and has now given back the bulk of those gains.
Today’s notable mention goes to casual restaurant operator Tasty LON:TAST, which saw its shares up 31% today in admittedly thin trade. A mid-session notification of a director dealing appears to have been behind the move but volumes were limited and the spread accounted for around half of the upside.