London’s AIM Index popped higher into the weekend break but Monday’s session has been lacking cause for cheer once again, closing down almost two points at 741.90.
- Barkby Group +142%
- Atome Energy +25%
- Seed Innovation +19%
- Sportech -36%
- Beacon Energy -28%
Barkby Group LON:BARK surged 142% today after it confirmed media reports that its subsidiary company Cambridge Sleep Sciences was in advance negotiations re licensing with a number of household names. The stock does sit on a 25% spread at the close however and the scale of the revenue uptick may yet be seen as inconsistent with the revaluation.
- SmallCap Stocks: Molecular Energies, RedX Pharma, Seed Innovations
- SmallCap Stocks: Roadside Real Estate, Kodal Minerals, Naked Wine
- Three Quick Facts: Naked Wines, Barkby, Everyman Media
Atome Energy LON:ATOM was in second place adding 25% and reversing the declines of the last few months. Supportive notes from media tipsters over the weekend will be in play here.
Seed Innovation LON:SEED gets the notable mention, sitting some 19% higher off the back of partial divestment news. The company has booked a 62% return on an investment made in 2021 and 2022.
Sportech LON:SPO is the day’s laggard, sitting some 36% lower at the close. The company is strongly cash generative but this morning said it would seek a delisting to improve shareholder value. The rebound from earlier lows suggests this is far from being a stock that’s on the wane.
Beacon Energy [LON:BCE] was in second to last place, some 28% lower at 430pm. The company released encouraging drilling results this morning but these were caveated by news that delays meant the drilling rig had to be returned so the full potential of the well couldn’t be accounted for. Regardless the stock remains well up on the year.
