The AIM All Share has seen the smallest of bounces to start the week but whether this can shake off last weeks’ funk of five successive down days remains to be seen. The 0.4% advance is however completely eclipsed by the FSTE-100’s performance with the junior index finishing less than three points up at 746.68.
- Mercantile Ports +29%
- Oncimmune +28%
- Andrada Mining +15%
- Ethernity Networks -35%
- Vector Capital -31%
Mercantile Ports [LON:MPL] was leading the pack at the close, some 29% higher on the day. There’s no news here but volumes were significantly higher than average and the share price has returned to levels not seen since earlier in the summer. However with a 22% spread in evidence at the close, can this be maintained?
Oncimmune LON:ONC was in second place, some 28% ahead following its latest trading update. It’s largely a recap of previous announcements but the business is gaining traction with clients, resulting in an improved commercial performance.
Ethernity Networks LON:ENET is at the foot of the table, trading 35% lower off the back of placing news. The sell off reflects the discounted level of the offer.
- Small Cap Stocks: Orosur Mining, Ethernity Networks, Coro Energy
- SmallCap Round Up: ITM Power, Serabi Gold, Prospex Energy
Vector Capital LON:VCAP was in second to last place but there’s no fresh news here. Trade was concentrated in the latter part of the session and lumpy, with the 31% slide being within the quoted spread.
Andrada Mining LON:ATM gets the notable mention, up 15%. That’s off the back of a statement this morning noting the company’s plan to partner with another firm to develop a Lithium mine. The deal brings both the necessary financial and technical capability to advance this project.
