After pausing for breath at the end of last week, the AIM Index has resumed its upward trajectory in Monday’s trade with the all share sitting two points higher at 763.58 by 2.15pm.
- Directa Plus +41%
- Pri0r1ty Intelligence +27%
- Falcon Oil & Gas +23%
- Sunda Energy -35%
- Caspian Sunrise -19%
Directa Plus LON:DCTA was 41% higher at copy time with shares climbing steadily through the session. News released early afternoon confirmed that the soon to be outgoing CEO had been stake building, buying up stock last week following an investor presentation.
Pri0r1ty Intelligence [LON:PR1] was in second place up 27% at 2.15pm. The stock IPO’d at the end of last year but has been struggling since, although acquisition news may be firing some interest.
- AIM Market Roundup: Mobile Tornado, Mediazest, Pri0r1ty Intelligence
- UK Stock Market News: DP Poland, Pri0r1ty Intelligence, Likewise
A notable mention for Falcon Oil & Gas [LON:FOG], up 23% at the time of writing. Drill results this morning recorded another set of stellar results, demonstrating the availability of commercial gas flows.
Sunda Energy [LON:SNDA] was the biggest faller, down 35% at copy time. The company issued an update on its Chuditch appraisal well, noting a delay in drilling from H2 25 to H1 26 as a result of the non-availability of suitable logistics partners. The delay has a series of knock-on implications.
Caspian Sunrise LON:CASP was 19% lower following the publication of a general update this morning. The company is progressing with an $88m asset disposal which will have a material impact on the company’s financial position. As such it is holding off on the preparation of accounts, meaning that the end of June filing deadline will be missed, resulting in shares being suspended. That is clearly spooking some investors.
