Another day of admittedly modest losses for the AIM All Share but it does feels as if risk appetite is ebbing at the moment. The index closed down by just over two points on the day at 735.44.
- Electric Guitar +56%
- Revolution Beauty +19%
- Alien Metals +12%
- Pantheon Resources -24%
- Wishbone -21%
Electric Guitar LON:ELEG added 56% on the day. There’s no firm news out, but market chatter does appear to be lending support.
Revolution Beauty LON:REVB was 19% higher, following news of funding option and a possible sale that may preserve some capital for investors. The move does start to recoup some of the losses from the trading update earlier in the month.
Alien Metals LON:UFO gets the notable mention, up 12% on the day. The company has been awarded two new exploration licenses at an Iron Ore facility in Australia.
Pantheon Resources LON:PANR was 24% lower, extending losses from earlier in the week following further disappointing drilling news.
Wishbone LON:WSBN was in second to last place, down 21%. Volumes were slightly elevated but again there’s no news out to justify the losses. This is however a small company with a market cap of below £1m so will likely be susceptible to exaggerated price moves.
