Another day of modest losses on AIM with the junior index diverging from the gains seen on the main board. At the bell, the All Share Index was almost three points lower at 769.23.
- Empyrean Energy +435%
- Indus Gas +45%
- MyHealthChecked +28%
- Artemis Resources -33%
- Metals One -25%
Empyrean Energy LON:EME added a hulking 435% on the day following news that it had signed a gas sale agreement with Indonesia’s PLN. 100% of the gas produced will be sold at the referenced price which is linked to underlying oil, rather than the usual fixed domestic offtake price. Whilst the gain is impressive, the share price has simply returned to the level last seen in May.
- AIM Market Roundup: Empyrean Energy, Tern, Thruvision
- AIM Market Roundup: Provexis, Geo Exploration, Sabien
Indus Gas LON:INDI was 45% higher. There’s no news, not a lot of volume and a wide spread here so possibly just a case that the EME move has reminded some that if expected news drops correctly, could Indus soar, too?
MyHealthChecked LON:MHC gets the notable mention, up 28%. The company announced a supply agreement with Boots for a range of lateral flow self-test kits as well as lab tests which will be marketed under the Boots name. Aside from this being a 12 month deal, there are few other details here.
Artemis Resources [LON:ARV] was 33% lower following news of a capital raise. The company also saw its shares suspended on the ASX listing to account for this.
Metals One [LON:MET1] dropped 25% on the day, extending the week’s losses in the process. The market seems to have failed to price in any upside off the back of a recent acquisition in Scandinavia, with the malaise building as a result. The shares sit at 4 week lows.
- AIM Market Roundup: Eco Atlantic O&G, Mirriad Ads, TAP Global
- Metals One strikes deal to recover uranium from Colorado mine waste
That’s a wrap on our AIM roundup for the summer break. We’ll be back at the start of August.
