Despite a mid-afternoon attempt to find positive territory, the rally for the AIM All Share proved to be short lived and the index closed down three points at 756.22, failing to mirror the more positive sentiment seen on the main board.
- Catenai +28%
- Westmount Energy +27%
- Nativo Resources +12%
- Petro Matad -22%
- Premier African Minerals -17%
Catenai [LON:CTAI] was 28% higher on the day, leading the AIM board. That extends the gains seen on Tuesday, which came after the company announced the repayment of a working capital loan at the end of last week. Had the loan not been repaid, interest was chargeable at a punchy 0.5% per day.
- AIM Market Roundup: Strategic Minerals, Catenai, Panthera
- AIM Market Roundup: Catenai, Europa Oil & Gas, Faron Pharma
Westmount Energy LON:WTE was in second place, up 27%. The share often sees little action and there’s no news out to support the move but this could be read across from industry peers.
Nativo Resources [LON:NTVO] as 12% higher to take the notable mention. The gains reverse losses from earlier in the week off the back of funding news and whilst today’s director deal notification may be helping too, the investment here was modest and the gain is barely outside the closing spread.
- AIM Market Roundup: Wishbone, Nativo Resources, Arecor Therapeutics
- AIM Market Roundup: Future Metals, Renalytix, Nativo Resources
Petro Matad [LON:MATD] was the biggest faller, off 22%. An operational update issued this morning flagged challenges with one of the company’s wells and some investors are marking down the stock in a day of notably elevated trade.
Premier African Minerals LON:PREM was down 17% at the close. There’s no news here although the stock has been under pressure for over a month, now. Investor confidence in the company’s prospects does seem to be running thin.
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