The AIM index managed some very modest gains during Tuesday’s session with a positive start to trade across the Atlantic lending support. At 4.30pm the all share stood just over one point higher at 740.07.
- STM Group +73%
- Lansdowne Oil & Gas +18%
- Empire Metals +16%
- Univision -31%
- Catenae innovation -12%
STM Group LON:STM topped the board, advancing 73% on the day. This morning the company issued a statement regarding a possible cash offer at 70p per share. Given shares closed at 47p there’s potentially still upside to be had here in the event the deal completes.
Lansdowne Oil & Gas LON:LOGP advanced 18% leaving the stock in second place. However the move was focused around trade in the latter part of the day and saw only a small number of deals take place. Gains were within the spread.
Univision LON:UVEL was the day’s biggest faller. This stock has been on a rollercoaster ride of late although thin volumes are driving a significant wide spread. The 31% loss on the day needs to be set against a 75% spread.
Catenae Innovation LON:CTEA is 12% off in second to last place. Again however this is an absolute minnow with a valuation of well below £300k and with only a couple of trades, there’s nothing to see here…
The notable mention goes to Empire Metals LON:EEE up 16% on the day in the wake of mining results published earlier in the session. These findings back up a statement released at the start of last week, offering investors a degree of confidence in the trade.
