London’s AIM All Share is nursing modest gains in late morning, with the index down one and a half points at 731.70.
- i-nexus Global +60%
- Genip +29%
- Quadrise +16%
- Oxford Biodynamics -24%
- XLMEDIA -23%
i-nexus Global LON:INX was trading 60% higher by late morning. The company is undergoing a delisting process which initially caused some heavy selling but following Friday’s general meeting to confirm the news, the stock has been finding support. It’s still down 40% over the last month.
- Small Cap Stocks: Oracle Power, Quadrise, i-nexus Global
- Small Cap Stocks: Goldstone, Helium One, Biome Tech
Genip [LON:GNIP] was in second place up 29%. There’s no formal news out but ahead of the weekend break positive media comment did emerge, with AI proponents backing the stock. The stock only IPO’d in October but is now back above the debut price.
Quadrise [LON:QED] gets the notable mention, up 16% at our early copy time. The company announced a material agreement with Sparkle Power of Panama where management expect tests to demonstrate an economic case for switching a site to Quadrise’s emulsion fuel solutions that can lower costs, emissions and greenhouse gases.
- Small Cap Stocks: Borders & Southern, GENIP, Smarttech 247
- Quadrise shares up over 300% in two-months
Oxford Biodynamics LON:OBD is at the foot of the board, off 24% late morning after news that the CEO had stood down with immediate effect and that the company was still hunting for fresh cash. There were few kind words in the note over the departing CEO and the reality is that if money isn’t found very soon, the business will be in significant trouble.
- Three Quick Facts: Oxford Biodynamics, Entain, Computacenter
- Small Cap Stocks: Brand Architekts, tinybuild, Quadrise
XLMEDIA LON:XLM was in second to last place, down 23%. The company this morning announced a distribution of capital deal which will see surplus cash used to buy back equity as part of its winding down process. The numbers here start to illustrate that there will likely be little left for shareholders after all liabilities are settled.
