London’s AIM Index attempted to make a decent start to the week but gains faded heading into the close, with the all share being just a fraction off side at the close, down less than one twentieth of a point at 805.75.
- Immupharma +22%
- Ondine Biomedical +18%
- Mosman Oil & Gas +14%
- Beacon Energy -78%
- Corcel -24%
Immupharma LON:IMM topped the board up 22% on the day after advising that it had realised £1.5m off the back of a sale of its entire share holding in Incanthera plc [AQSE:INC]. Immupharma retains an exposure via a further warrant holding with an expiry date of September 2024.
Ondine Biomedical LON:OBI was in second place, up 18%. There’s no news but full year results are slated for release later in the week.
- Small Cap Stocks: Oracle Power, Surface Transforms, Goldstone Resources
- Small Cap Stocks: RBG, Hummingbird, Loungers
- Small Cap Stocks: Good Energy, Distil, Corcel
Beacon Energy [LON:BCE] saw its shares collapse today, down 78% following an update on drill results. These have failed to establish a sustained flow rate and whilst management remain confident that the target area does hold oil, considerations over next steps are now being taken.
Corcel LON:CRCL had another down day, extending the losses which started on Friday in the wake of an update on its Angolan operations. Inconclusive drilling results have resulted in operations being suspended. Shares were down 24% at the bell, with losses since Friday afternoon now sitting at more than 50%.
Mosman Oil & Gas LON:MSMN gets the notable mention, up 14%. That comes off the back of news that it has acquired a 10% working interest in a Colorado helium facility, with investors evidently comfortable with the commercial terms here.
