London’s AIM Index received a second boost on Wednesday following that softer than expected UK inflation print this morning, with the All Share adding a further five points to reach the bell at 715.61.
- Verici DX +74%
- Oncimmune +24%
- Rockfire Resources +23%
- Aurrigo International -27%
- Amte Power -23%
Verici DX [LON:VRCI] was at the top of the pile on Wednesday, adding 74% by the bell after the company released news of a commercialisation agreement with Thermo Fischer Scientific. Verici offers a diagnostic test that can offer pre-transplant prognostic testing to reduce the rejection rate of organ transplants. Payments over the next 12 months to Verici are expected to total $5m with further payments and royalties due thereafter.
Oncimmune [LON:ONC] added 24% in what looked to be fairly lumpy trade. There’s no news out and the buying demand has left the closing spread around the 6% mark, and with the stock languishing near all time lows, it seems that some investors are now seeing value.
The notable mention goes to Rockfire Resources [LON:ROCK], adding 23% on the day after two consecutive days of meaningful losses. The company notified the market today that a farm in partner had started drilling at a site in Australia, offering some support after what has been a torrid few days. Is this a turning point?
- SmallCap Round Up: Hotel Chocolat, Amte Power, City Pub Group
- SmallCap Round Up: Velocys, Shuka Minerals, Allergy Therapeutics
- SmallCap Round Up: Clontarf Energy, Rua Life Sciences, Global Petroleum
Aurrigo International [LON:AURR] dipped 27% on the day, making for the worst performer on AIM. That comes off the back of a discounted placing which completed today and the use of the funds is well laid out in today’s RNSm including investment in both staff and additional IT.
Amte Power [LON:AMTE] was in second to last place, down a further 23%. The company issued a fresh placing update today, noting that cashflow remained incredibly tight with only around two weeks funding remaining. This won’t be sufficient to last through the current planned placing round however so if an interim solution can’t be found, shareholders risk being wiped out.