It may have been another day of only modest declines for the AIM Index, but it’s a recurring theme and all these drops do accumulate. The index closed at 809.2, down around three and a half and touching five week lows as a result.
- Edgon Resources +89%
- Asimilar Group +32%
- Xeros Technologies +31%
- Circle Properties -60%
- Purple Bricks -44%
Edgon Resources LON:EDR barreled higher today off the news that Petrichor Partners had proposed an all cash acquisition for the company at 4.5p per share. Management are supportive of the bid and the share price has reacted accordingly.
Asimilar Group LON:ASLR added 32%, although trade was thin in volume and the move was well within the spread. There’s no news here but that’s arguably of little surprise.
Xeros Technologies LON:XSG gets the notable mention, up 31% on the day. The company announced a 10 year contract win this morning which offered some support but the stock has been under pressure for a while.
Circle Properties LON:CRC was the biggest faller, off 60% after the company announced it would cancel its AIM listing. Shareholders are expected to receive 4p per share.
- AIM Market Roundup: Immupharma, Poolbeg, Xeros
- Small Cap Stocks: Symphony Environmental, Safestay, Xeros Tech
Purple Bricks [LON:PRB] also collapsed today, following the news of a fire sale to Strike for £1m. The company was once worth £1.4bn bit finished the day down some 44% at 0.75p per share.
