The AIM index may have advanced by almost four points during Thursday’s session, but gains have been comprehensively eclipsed by the main board. At 4.30pm, the junior index sat at 744.68.
- Loopup +42%
- Keystone Law +18%
- Pantheon Resources +11%
- Tungsten West -44%
- Pelatro -29%
LoopuUp LON:LOOP topped the board on Thursday adding 42% by the bell. Interim results published this morning saw revenues close on double and margins improve by an impressive 900bps to 76%. The company’s core cloud telephony business has seen triple digit growth in terms of customers.
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Keystone Law LON:KEYS added 18% in the wake of its half year results. Strong client demand saw revenue growth increase by 14.9% and pre-tax profits rise almost 30%, whilst shareholders are being rewarded with a more than 10% increase in the dividend and a one off payment of 12.5p per share.
Pantheon Resources LON:PANR gets the notable mention, up some 11% at the bell, extending its run of recent gains ahead of tonight’s investor webinar. The accompanying briefing note doesn’t seem to give anything away but will more news follow in due course?
Tungsten West LON:TUN slumped to the foot of the board, off some 44% in the wake of its full year numbers. Critically there’s the risk of a funding crunch looming and that seems to be overhanging positivity in the note.
Pelatro LON:PTRO was in second to last place, some 29% lower at the close. Some limited selling late in the session saw the stock hit hard. The company is eyeing a delisting by the end of the month but with a limited number of trades placed, the spread was almost matched by the quantum of the sell off.