London’s AIM Index found some support off the back of an upbeat start to US trade but still finished the day in the red, down almost two points at 678.45
- Ethernity Networks +100%
- Quantum Blockchain +42%
- Greenroc Mining +11%
- FD Technologies -32%
- R&Q Insurance -27%
Ethernity Networks LON:ENET added 100% on the day, off the back of news that it was defending an invalid settlement notice. This has helped reverse some of the recent downside pressures but the stock remains well offside and this may not be the end of the matter. Volumes were significantly elevated although the closing spread was in excess of 20%.
Quantum Blockchain LON:QBT had another good day with underlying gains for cryptos lending support here. Speculation of ETF approval remains a key driver, with QBT up 42% at the bell.
Greenroc Mining LON:GROC gets the notable mention, up 11%. The company issued a note this morning highlighting China’s limitations on graphite exports and the fact it is prepping a mine in Greenland to tap into high grade deposits of the mineral.
- FD Technologies: KX subsidiary to drive future growth
- Small Cap Stocks: Valirx, EnergyPathways, Merit Group
- Small Cap Stocks: Quantum Blockchain, Arkle Resources, Chariot O&G
FD Technologies LON:FDP was at the foot of the table, down some 32% after the publication of interim results. Headline numbers were largely impressive although the company did post an interim pre-tax loss and further pressures are expected here going forward.
R&Q Insurance LON:RQIH is back on the list with more selling being seen, off 27% at the bell. There’s no fresh news here since Friday’s notification of a disposal and deleveraging was announced, but this does take losses to 65% over the last few days.
