In what has become something of a rarity, London’s AIM index has posted a down day but given the quantum of the losses – less than one point at the bell – it’s difficult to be too concerned here. A shock move from the Fed tonight could be the ultimate curve ball, but at the close the all share sat at 794.03
- Aptamer Group +94%
- Barryroe Offshore +56%
- Barkby Group +28%
- GCM Resources -40%
- San Leon Energy -33%
Aptamer Group LON:APTA saw its share price almost double on the day, following news that it had struck a partnership to develop an Alzheimer’s disease diagnostic test. Early gains were closer on 200% as a result of the news, but abated during the session. The spread closed at an impressive 25% and a speeding ticket note later in the day added that the company only had £700k of cash as it continues to explore funding options.
Barryroe Offshore [LON:BEY] is back on the list, up 56% on the day. Orders have been limited and the move basically just accounts for the spread but this remains one to watch as opinions hint that the Irish government may have overstepped the mark here.
Barkby Group LON:BARK added 28% after the company announced a new licensing deal for one of its subsidiary companies. Given the spread the price action may just be more a case of shaking off some of the losses accrued after last week’s portfolio update.
GCM Resources LON:GCM was the biggest faller, off 40% at the bell. That reflects the pricing of this morning’s placing to raise £0.5m which is to cover general working capital requirements, Given the company cautions that additional fundraising will be required before the year end, the fact there has been no additional downside pressure is worthy of note.
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San Leon Energy LON:SLE was the second biggest faller, off 33% at the bell after it updated the market on refinancing and the publication of accounts, the latter point critically pointing towards a the suspension of the stock from AIM at the start of next month. There may be an optimistic tone from management but this news left the share languishing at all time lows.
