Despite spending a large proportion of the day in positive territory, London’s AIM index appeared to be dragged lower by that weak start on Wall Street, finishing the day just over two and a half points lower at 1257.55.
- Tintra +32%
- Bradda Head +24%
- Cloudcoco Group +19%
- Remote Monitored Systems -24%
- 88 Energy -11%
Tintra LON:TNT topped the board on Tuesday, advancing some 32% by the closing bell. The company formerly known as St James House has seen its share price move out to three-year highs but there’s no fresh news to support the move and trade in the £3m minnow looks to have been thin. Regulatory filings from last week highlighted some modest stake building by an Asian-based investor, but the gains still look punchy.
Bradda Head LON:BHL was back in focus, adding an impressive 24% although there’s no news behind the move. Activity in the stock appeared to be brisk although this was being quoted on a relatively wide spread which is arguably flattering the upside here. One to watch.
Cloudcoco LON:CLCO grabs the notable mention, adding almost 20% in the wake of a comprehensive update released ahead of this morning’s opening bell. A discounted placing to fund an acquisition has received a warm welcome from investors, with the deal also set to bring fresh expertise and cross selling opportunities into the enlarged business.
Remote Monitored Systems [LON:RMS] was the day’s worst performer, sliding some 24%. An update posted ahead of today’s AGM flagged that the sales of the company’s ground-breaking antiviral face masks hadn’t flourished in quite the way that it may have hoped and despite there having been some sound technological advances, investors were clearly left looking for the exits. The share price now sits at levels last seen some ten months ago.
88 Energy [LON:88E] struggled today, dropping 11% and now sits below its starting price for the week. Shares in the oil exploration firm jumped yesterday morning off the back of news that a well had yielded light oil, but there are questions remaining over just how much is on tap and that appears to be driving some profit taking.
