The 11 day winning streak for the AIM All Share has finally drawn to a close but against a backdrop of sharply elevated geopolitical uncertainty, today’s losses have been very measured. The index closed down less than a point at 804.15.
- EQTEC +94%
- Sabien Technology +33%
- Pulsar Helium +21%
- Oracle Power -23%
- Distil -19%
EQTEC LON:EQT was the biggest gainer on the day, adding 94%. That extends the run higher which was initiated last week following the strategic expansion announced mid-last week. Volumes are elevated and the spread hasn’t blown out too far. Clearly some enthusiasm in play here.
- AIM Market Roundup: Indus Gas, Eqtec, Bradda Head
- AIM Market Roundup: EQTEC, Greenroc, Anglesey Mining
Sabien Technology LON:SNT was in second place at the bell, 33% higher. On Friday evening the company advised that a former major shareholder had sold down their close on 20% position, making today’s rebound look all the more notable.
Pulsar Helium [LON:PLSR] was up 17% at the close, with news that the US government had independently verified its drill results from Minnesota, adding to the confidence and significance of the previous findings.
- Pulsar Helium makes its move on Michigan land package
- AIM Market Roundup: Uru Metals, Strategic Minerals, Pulsar Helium
Oracle Power LON:ORCP was the biggest faller on the day, down 27%. That’s despite the company publishing what it saw as positive drill results this morning, but profit taking off the back of last week’s gains and maybe a degree of moderation over the cheer that was seen for Riversgold appears to be damping down matters.
- AIM Market Roundup: Oracle Power, Active Energy, Newmark Securities
- AIM Market Roundup: Petro Matad, Made, Oracle Power
Distil LON:DIS was 19% lower, responding to a trading update released this morning. There was little to raise a glass to in this as whilst margins have been maintained, revenues are down and a theme of destocking was noted. The economic backdrop remains challenging whilst there are also concerns over the ever worsening tax position facing the hospitality industry in the UK.
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