After a mixed start to the session, London’s AIM Index managed to gain some ground in the latter part of the day, slightly outrunning the main board to finish up just over 3 points or around 0.5% at 683.08.
- Ethernity Networks +80%
- Orosur Mining +26%
- Equals Group +14%
- Slingsby -28%
- Symphony Environmental -14%
Ethernity Networks LON:ENET is back on the radar again, topping the board with gains of 80% on the day. Towards the end of last week, the stock gave back some those stratospheric gains but even the news released last night that Premier Miton had sold down the remainder of its holding hasn’t been sufficient to knock momentum.
Orosur Mining [LON:OMI] added 26% by the close. The company published Q1 results on Monday, which investors now appear to be warming to. Volumes on the day were notably elevated although a lack of sellers has seen the spread pushed out significantly.
Equals Group LON:EQLS gets the notable mention, up 14% on the day. A successful capital reduction application will see the company paying out a maiden dividend to shareholders, whilst a second note issued today underlined that strategic options were being assessed that could result in the business being acquired.
- Small Cap Stocks: Valirx, EnergyPathways, Merit Group
- Small Cap Stocks: Orosur Mining, Ethernity Networks, Coro Energy
- Small Cap Stocks: Mercantile Ports, Oncimmune, Ethernity Networks
Slingsby LON:SLNG was at the foot of the table, down 28% although trade was negligible and the move sits well inside the closing spread. No news here, it’s simply reflective of the illiquid market.
Symphony Environmental LON:SYM was in second to last place, off 14%. Again however the loss was within the spread and is illustrative possible of some selling in the wake of recent price gains.
