The AIM Index has posted incremental gains during Wednesday’s trade, advancing by less than a point on the day and failing to find any meaningful support off the back of falling treasuries. At the bell, the All Share sat at 717.65.
- Sancus Lending +27%
- Wentworth Resources +26%
- System1 +26%
- Petards Group -44%
- Gunsynd -26%
Sancus Lending LON:LEND found itself at the top of the board, up 27% on the day. Volumes were significantly elevated and trade was lumpy with the move potentially being a delayed reaction to yesterday’s JV news. Buying demand was certainly in evidence.
Wentworth Resources LON:WEN was in a close run second place, adding 26% on the day. The company released details this morning of a revised offer from a suitor, which could be sanctioned by courts in the next two weeks and today’s gains return the share price towards the buy-out price. This has however been a drawn out saga with shareholders endorsing the move back in February.
System1 LON:SYS1 added 26% by the bell to take the notable mention. There was a significant uplift in volumes on the day after a well received trading update noted a 27% uptick in revenues and the addition of more than 100 new clients including a top three advertiser.
- AIM Market Roundup: Sabien, Gunsynd, Bezant Resources
- AIM Market Roundup: Gunsynd, Pennant, Galantas Gold
Petards Group LON:PEG was at the foot of the table, down 44%, seeing some concentrated action in the latter part of the session. There’s no news here, however and this has pushed the stock down to an all time closing low.
Gunsynd LON:GUN was in second to last place, down 26%. That largely reflects the discounted placing which completed late in yesterday’s trade, although with only £210k raised and funds to be used for general working capital purposes, cash is presumably rather tight.
