London’s AIM Index outperformed the main board on Tuesday, posting some modest but welcome gains and even outrunning Wall Street at least in early trade. By 4.30pm the all share stood just over one and a half points higher at 749.05.
- Eqtec +80%
- Ethernity +30%
- SulNOx +22%
- Microsaic Systems -99%
- N4 Pharma -16%
Eqtec LON:EQT topped the board, jumping a notable 80% on the day following two key releases from the company. This morning the company noted that a financing agreement had been approved, whilst later in the session further upside was seen off the back of news that a JV had been signed with CompactGTL, moving towards a business in the sustainable fuels industry.
Ethernity LON:ENET was in second place, up 30% on the day. Volumes have been remarkable although the uptick does little to make an impression on the losses posted a couple of months back. The company has been in a refinancing phase and this now appears to have concluded – is more news about to be incoming?
Aquis listed SulNOx [AQS:SNOX] gets the notable mention, pushing meaningfully higher for a second consecutive day. The company saw its prospects tipped in maninstream media at the weekend, being buoyed in Monday’s trade as a result. Today’s continued run higher saw a further 22% added, taking total gains since the start of the week to 58%, with the company’s ability to quickly cut emissions through its proprietary fuel additives catching the eye of investors.
- AIM Market Roundup: Mkango, N4 Pharma, Minoan
- Small Cap Stocks: Valirx, EnergyPathways, Merit Group
- Small Cap Stocks: Orosur Mining, Ethernity Networks, Coro Energy
Microsaic Systems LON:MSYS plummeted 99% on the day following the company’s publishing of overdue accounts and subsequent relisting. The business had mooted the idea of a delisting back in November but received sufficient funding to move ahead, however existing shareholders have been diluted significantly.
N4Pharma LON:N4P was in second to last place, off the back of an update for its Nanogenics division. The company announced a contract win, so the 16% slide is arguably a little puzzling, given the size of the global market this is tapping into.
