After a run of 11 successive down days, London’s AIM Index has finally managed to post some gains during Tuesday’s trade. The junior market reached the bell an admittedly modest – but still welcome – three points higher at 732.20.
- Plexus Holdings +40%
- Beacon Energy +38%
- Rua Life Sciences +24%
- Seeen Plc -33%
- Verditek -24%
Plexus Holdings LON:POS topped the board, adding 40% on the day after the company advised this morning that the value of a major contract won back in March had increased from £5m to £8m in size. Given the company’s market cap is just over £5m this is a material development.
- Small Cap Stocks: Gfinity, Seeen, Blue Star Capital
- Three Quick Facts: Tasty, STM, SEEEN
- Small Cap Stocks: Plexus, Parkmead, Proton Motor
Beacon Energy [LON:BCE] was in second place at the bell, up 38%. The company provided a well-received update at the end of last week, leaving volumes sharpy elevated as a result. The stock is now trading more than 100% up on last week’s levels.
Rua Life Sciences LON:RUA gets the notable mention, up 24%. The company published a trading update this morning ahead of its AGM. Noting positive developments across the business, the news reverses at least some of the losses coming off full year results published earlier in the summer.
Seeen LON:SEEN was left propping up the table, off some 33%. This is however well within the closing spread for the stock and the number of trades was very limited. Presumably a case of nothing to see here…
And Verditek LON:VDTK was in second to last place, down 24% at the close. The company’s stock enjoyed a brief bounce last week off the back of news of an MoU being signed, but momentum here has now been lost. Shares now trade at five month lows.
