London’s AIM Index continues to work its way lower, having broken through fresh year to date lows ahead of the weekend break and sitting down just over two points at 729.82 by Monday’s close.
- Quantum Blockchain +15%
- Lunglife AI +14%
- Redx Pharma +13%
- Fulcrum Utilities -61%
- Light Science Technologies -20%
Quantum Blockchain LON:QBT topped the board, up some 15% by the bell. Profit taking at the end of last week off the back of falling crypto prices has set the stock up well for bargain hunters, even if there has been no step change in the performance of underlying digital assets. The 10% closing spread also needs to be considered here.
- Small Cap Stocks: Quantum Blockchain, Arkle Resources, Chariot O&G
- Small Cap Stocks: Artemis Resources, Distil, Accesso Technology
- LST’s strong half-year results drive share price up
Lunglife AI LON:LLAI was in second place, up some 14%. Again there’s no news but this extends the run of gains which initiated off the back of interim results two weeks ago. The stock IPO’d two years ago around the 175p mark before slipping to just 20p in July. Sentiment has truly reversed but the risk now is long term investors being keen to offload the stock after a rollercoaster ride.
RedX Pharma LON:REDX gets the notable mention, up 13% on the day. An FDA drug designation was announced this morning and the news appears to be sufficient to underline support.
Fulcrum Utilities LON:FCRM slipped 61% having announced disappointing full year results this morning along with an intention to delist.
Light Science Technologies LON:LST was down 20% at the close. On Thursday morning the company advised that an asset manager had trimmed its stake, resulting in the stock reversing from four month highs and this looks to be an extension of that news. The company did advise back in June that it expected to meet full year expectations thanks to cost saving measures.
