Dive into the world of small-cap movers and shakers with our comprehensive weekly stock market summary. From Powerhouse Energy Group’s patent triumph to the soaring success stories of biotech and mining companies, we bring you the most exciting developments in the AIM market. Discover how companies like Roquefort Therapeutics, Aptamer Group, and CT Automotive Group are making waves with groundbreaking deals and impressive trading rebounds. Plus, learn about the latest trends driving the market, such as the impact of gold prices on mining stocks and the promising advancements in clean technology.
Small-Cap Market Movers:
– Powerhouse Energy Group PLC (AIM:PHE) shares surged 89% after successfully resolving a patent dispute with Onunda over European patents. The company was also granted a UK patent providing IP protection for utilizing recirculated synthesis gas.
– Roquefort Therapeutics PLC (LSE:ROQ) shares rose 20% after signing a term sheet to out-license its Midkine antibody portfolio to PDC for an upfront $10M payment plus an equity stake in an SPV.
– Aptamer Group PLC (AIM:APTA) shares gained 10% on announcing a deal to develop a new diagnostic tool for early cervical cancer detection.
– Arecor Therapeutics shares added 11% on positive trial data and a target price increase by analysts.
– CT Automotive Group PLC (AIM:CTA) jumped 20% as trading rebounded strongly post-pandemic.
Mining & Energy:
– KEFI Gold and Copper PLC (AIM:KEFI) rallied 11% on soaring gold prices and formally launching its Tulu Kapi mine in Ethiopia.
– Katoro Gold PLC (AIM:KAT) also gained 20%, likely aided by rising gold prices.
– Clean tech firm EQTEC PLC (AIM:EQT) surged 68% after refinancing its secured lending facility.
– United Oil & Gas PLC (AIM:UOG) jumped 36% on agreeing a final debt settlement, allowing it to focus on other assets.
Other Movers:
– Online wine seller Naked Wines PLC (AIM:WINE) shares rose 24% as the CEO said it is becoming “leaner and stronger” with moderating sales declines and demonstrable underlying profitability.
Overall, the AIM All-Share index hit a YTD high before correcting to close up 1.4% at 805. The FTSE 100 lost 1.3% despite busy large-cap earnings, weighed by a disappointing 2.3% drop in April UK retail sales.
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