Karelian, Poolbeg Pharma, Victorian plumbing

London’s AIM index just wrapped up a somewhat limited session, trading within a channel of just three and a half points to reach the bell just a hair’s breadth lower at 815.31.

  • Karelian Diamond Resources +27%
  • Poolbeg Pharma +24%
  • Victorian Plumbing +13%
  • Mobile streams -31%
  • Image scanning -19%

Karelian [LON:KDR] topped the chart today, jumping 27% after the announcement of mining prospecting licenses in Northern Ireland, as the company searches for new nickel-copper-platinum mineralization in the region. Volumes were certainly high, but the gains are overshadowed by the spread.

Poolbeg Pharma [LON:POLB] was in second place, up 24% on the day with news that the CEO had invested in the company. Perhaps the most surprising point here is that this is the first tranche of shares bought by the CEO, but the market seems to be applauding the confidence this conveys. Volumes were well above average, but the gap remained tight.

Victorian plumbing [LON:VIC] gets the notable mention, up 13% over the day. A full-year trading update showed revenue, profit and cash flow all beat market consensus, with margins also improving in the second half. While acknowledging the challenging economic environment, high levels of cash generation and a strong balance sheet are seen as grounds for optimism.

Mobile streams [LON:MOS] ended up at the bottom of the table, losing some 31% at the bell. This reflects the impact of a discounted funding round which closed today at a price around 33% lower than last night’s close, but the company considers the soccer world cup imminent. as an ideal opportunity to exploit growth opportunities.

There is a commercial update of Image scanning [LON:IGE] which rattled investors, sending shares tumbling 19% as of 4:30 p.m. The company reiterated its earlier guidance that earnings would fall short of market expectations due to contract slippage and despite an upbeat picture for the year ahead, stocks remained under pressure. That said, there was some sort of rally as the day went on, trading was limited and movement was within range for this £2m market cap company. .