It may have been a game of two halves with London’s AIM Index selling off again during the morning before finding some cause for cheer later in the session, but the market still ended up offside, down just over a point on the day at 733.60.
- Empyrean Energy +50%
- Seascape Energy +43%
- Oxford Biodynamics +21%
- Mirriad Advertising -26%
- Empresaria -25%
Empyrean Energy LON:EME was trading 50% higher on the day. There’s no news here and the spread has at times been significant but there is at least some buying support in evidence following yesterday’s test of all time lows.
- AIM Market Roundup: Ironveld, Norman Broadbent, TheWorks
- AIM Market Roundup: H&T, Polarean Imaging, Corcel
Seascape Energy [LON:SEA] was 43% up on the day following a second session of elevated trading volumes. Yesterday the company announced it had been awarded a participating interest in a small field off the coast of Sarawak in Malaysia, news which appears to be driving this momentum.
Oxford Biodynamics LON:OBD was 21% higher with mid-session gains coming off the back of news that its EpiSwitch CiRT had received clinical approvals from the New York State Clinical Laboratory Evaluation Program. This is a significant milestone as it appears to replace the FDA’s own testing requirement.
Mirriad Advertising LON:MIRI was the worst performer, down some 26%. Volumes were thin and the spread was wide – the company’s auditor did announce their resignation this morning but confirmed there was no cause for concern, so the sell off does risk looking like a knee jerk reaction.
- AIM Market Roundup: Sundae Bar, GCM Resources, Mirriad Ads
- AIM Market Roundup: H&T, Polarean Imaging, Corcel
Empresaria LON:EMR was in second to last place following a trading update noting that recruitment industry headwinds from the last couple of years are failing to abate, leaving the company to downgrade its outlook for Q4 performance. Difficult conditions are set to persist through H1 FY’25 and full year profits will be no less than £2m. Shares dropped 25% on the day.
