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SmallCap Stocks: Molecular Energies, RedX Pharma, Seed Innovations


Sharp losses in early trade amidst broader investor uncertainty over the deteriorating situation in the Middle East saw London’s AIM All Share index drop 12 points today, closing at 738.28.

  • Molecular Energies +60%
  • RedX Pharma +22%
  • Seed Innovations +21%
  • Itaconix -18%
  • Mobile Streams -17%

Molecular Energies LON:MEN topped the board, up 60%. Whilst the stock has had a tough ride in recent months, yesterday’s confirmation that the business would move its listing from AIM to the JP Jenkins private venue has offered some clarity, allowing the share price to post a meaningful recovery as a result.

RedX Pharma LON:REDX was in second place, up 22%. Again this is a business that has elected to leave the main market and migrate to the JP Jenkins private venue. That process is still playing out, but the stock continues to gain ground from the losses posted in the immediate reaction to the news a couple of weeks back.

Seed Innovations LON:SEED gets the notable mention, up 21%. The company this morning advised of a special dividend payment of 1p per share. Given the stock was trading at 2p yesterday, there’s scope to argue that the market may still have legs here.

Itaconix LON:ITX was the day’s worst performer, off 18%, extending yesterday’s losses off the back of the preliminary results filing, where unsatisfactory commercial terms with a customer were cited as being behind lower revenue growth than had been expected for the year.

Mobile Streams LON:MOS was in second to last place, off by 17%. There’s no news here but only a dozen or so trades were recorded, with the move lower barely being in excess of the spread

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This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

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