Despite spending the bulk of the session in positive territory, Thursday failed to cut the AIM All Share a break with the index finally finishing less than a point lower at 758.86.
- Symphony Environmental Technologies +49%
- Safestay +13%
- Fusion Antibodies +12%
- Xeros Technology -39%
- Smarttech247 -21%
Symphony Environmental Technologies LON:SYM was the biggest gainer on the day, advancing by 49%. There’s no news out here and the number of trades placed was limited resulting is a closing spread of nearly 20%. Is news incoming?
- SmallCap Stocks: ECR Minerals, Feedback, Symphony Environmental
- Small Cap Stocks: Strategic Minerals, Evgen, Bango, Oxford Biodynamics
Safestay LON:SSTY was in second place, up 13% at the bell. Interim numbers this morning evidently impressed with the company painting a picture of a strengthening outlook, suggesting that the post-COIVD rebound here still has some way to run.
Xeros Technology LON:XSG is 39% down on the day, in the wake of its trading update. Delays to regulatory changes which the company had hoped to market its product against have resulted in management downgrading revenue expectations for both FY24 and FY25.
Smarttech247 [LON:S247] was in second to last place, down 21%. A year end trading update may have painted an upbeat picture about recent achievements as well as the outlook but seemingly the market wanted more. Volumes were elevated for a second day and losses on the week now stand around 30%.
Fusion Antibodies LON:FAB gets the notable mention, up 12%. Again results – this time for the full year – were published and despite a challenging year the company’s cash position has been bolstered, whilst management have also promised that there are no plans for a further equity raise.
