AIM liquidity is improving both in terms of average daily trades and average daily value of trades. This is despite the reducing number of companies on the junior market with many larger companies moving to the Main Market.
The average daily value of trades in the first half of this year is £231.1m. The average daily number of trades so far this year is 58,632.
In terms of average daily trades, each month of this year is well above the number in the corresponding month in 2025. There was a dip in number in June, but it was still comfortably higher than in June 2025.
Australian gold miner Greatland Resources is the largest company on AIM and it is also the most actively traded, taking over from airline and tour operator Jet2.
ITM Power gets UK government funds
Electrolyser technology developer ITM Power will receive £86.5m in UK government funding for projects.
There is a £40m subscription at 55.56p/share via the government's GB Energy entity. That is a lower issue price than previous fundraisings. This will give it a 10.4% stake. There will also be a £46.5m grant from the UK government, which will be received quarterly over three years.
This will help to fund the £120m of capital investment in the Chronos electrolyser stack manufacturing line. This is more efficient than the Trident stack. The facility's capacity will be 1GW/year. Cash should be £211m at the end of April 2026 and £157.9m at the end of April 2027.
Hargreaves cash boost
Hargreaves Services will benefit from the latest fundraising by Tungsten West.
The fundraising will accelerate payments for services at the Hemerdon tungsten and tin mine in southwest England. Hargreaves Services sold the mine to Tungsten West in 2019. There are three outstanding payments of £1m each and when mining commences Hargreaves Services would be paid for mining services. Tungsten West is buying out this mining services contract for £7m.
The £3m payment will be brought forward and recognised in the current financial year, while the £7m termination fee will be a one-off profit.
