London’s AIM Index was sitting just over one point higher by our 2.30pm copy time at 735.64, reflecting gains seen on the main board.
- SEEEN +90%
- Plexus Holdings +26%
- Orcadian Energy +21%
- Quadrise -20%
- Touchstone Exploration -14%
Seeen LON:SEEN makes in onto the radar again today, this time topping the board by 2.30pm with a 90% uplift. There was a notifiable purchase pushed through by the CEO for £8000 worth of stock and that appears to have impacted liquidity, with the spread standing at close on 40%.
- Quadrise passes milestone test
- Small Cap Stocks: Brand Architekts, tinybuild, Quadrise
- Small Cap Stocks: Oracle Power, Quadrise, i-nexus Global
Plexus Holdings LON:POS added 26%, further extending those gains from earlier in the week off the back of a contract upgrade. There’s no further news here but interest in the stock remains elevated.
Orcadian Energy LON:ORCA added 21% to get the notable mention. Again there’s no news here but this extends the gains seen off yesterday’s modest reprofiling of a loan agreement.
Quadrise [LON:QED] was the biggest faller, off 20% at copy time. The company provided an update on its project with Utah’s Valkor Technologies, where regulators have pushed back against a drilling program. The pilot project can still go ahead and the results of this can be used for a further application.
Touchstone Exploration [LON:TXP] was down 14% at 2.30pm in the wake of an operational update. Whilst showing signs of hydrocarbons, the team are now having to assess how to get the well to produce at economically sustainable rates. Down but not out would seem a fair assessment.
