In the wider market, the AIM-All Share index had a flat week, adding 0.02% to 794 points, falling short of its benchmark, the FTSE 100, which rose 1.4% to 7,670.
Early detection of Alzheimer’s disease is crucial to ensure the maximum efficacy of medication, and Aptamer Group‘s revolutionary development could potentially assist millions of people affected by this indiscriminate illness.
Aptamer, in collaboration with Oxford-based biotech firm Neuro-bio, announced a significant breakthrough that could enable the diagnosis of Alzheimer’s nearly 20 years before symptoms manifest. The discovery led to a 23% surge in the biotech firm’s shares listed on the London stock market, closing the week at 11.5p.
On a positive note, AIM’s junior oil and gas companies received some uplifting news. IOG, recently plagued by problems at its Blythe well, including a mechanical obstruction, saw an 8% increase to 4.3p. The company confirmed the safe delivery of the first gas from its North Sea well on Tuesday.
Moreover, Predator Oil & Gas shares soared 29% to 7.8p following better-than-expected drilling results.
In the mining sector, the value of battery metals in promoting green transition was underscored by Red Rock Resources, whose shares skyrocketed 65% to 0.2p. The mining company announced its awarded environmental certificate for a lithium project in Zimbabwe. Chairman Andrew Bell stated that mining can now commence and product shipment can start immediately.
Rurelec, a power generation capacity company, saw a 36% increase in its shares to 0.74p following the successful disposal of its Argentinian interest.
Eden Research‘s shares also flourished, surging 62% to an 18-month peak of 8.84p before settling back to 8.09p. The company confirmed Anasac as the exclusive distributor of its Mevalone biopesticide in Colombia, the world’s second-largest exporter of cut flowers.
However, AMTE Power, a lithium-ion and sodium-ion battery manufacturer, alerted the market about its need to raise new funds within the next month, which caused its stock to plunge by 74%.
Meanwhile, GCM Resources, a London-based exploration and development company, successfully raised cash, albeit at a significant discount to its closing price ahead of the cash call, causing its stock to lose about 38% of its value.
San Leon Energy shares dropped 38% to 15.1p due to continued cash problems. However, the company remains optimistic about securing a US$50mln loan facility for transactions with Midwestern Oil & Gas.
Lastly, Amaroq Minerals, a well-funded junior company with a 7,866.85 square kilometre land package in southern Greenland, has been discreetly adding value. The company’s exploration work is expanding the resources of its primary asset, the Nalunaq Gold Mine, in preparation for trial mining next year.
