It’s been a third consecutive day of declines for London’s AIM Index, reaching the bell more than two points lower at 821.92, although if it’s any solace, the performance was better than seen on the main board.
- Light Science Technology +32%
- Synergia Energy +26%
- Image Scan +21%
- Itsarm -40%
- Capital Metals -27%
Light Science Technology [LON:SYN] put in a solid performance, advancing 32% and topping the board in what was a heavy day of trading. There’s no news out although a statement issued yesterday afternoon highlighted stake building by an asset manager following its recent run at all time lows.
Synergia Energy LON:LST was the day’s second biggest gainer, adding 26% by the close. The company released a statement late in the session regarding an expression of interest which had been made on a farm out process. Details are scant but volumes in the stock were significantly elevated.
Image Scan LON:IGE gets the notable mention, coming as the third best performer following the release of interim results. Previously reported stronger momentum has come to fruition with revenues up 85% and a growing cash balance. Whilst margins are down slightly, the company believes it can meet full year expectations.
Itsarm LON:ITS was the biggest faller, off 40% on news that it intended to delist. Management are burning through cash and with no income, it’s only a matter of months before the money runs out.
- AIM Market Roundup: Strategic Minerals, Galileo Resources, Light Science
- Light Science Technology nears break-even as revenue jumps 30%
- AIM Market Roundup: Trellus Health, Celadon Pharma, Nahl
Capital Metals LON:CMET slipped 27% on the day following an update on its temporary suspension of mining licenses. The company is locked in a battle with Sri Lankan authorities and this may yet proceed to court. Volumes on the day were however limited and the stock is notably trading on a wide spread.
