London’s AIM All Share is continuing to gain ground on Tuesday morning although the 700 level remains elusive. The Index was trading up six points at 695.52 by 1pm.
- European Metals Holdings +59%
- CMO Group +30%
- Empyrean Energy +21%
- Zinnwald Lithium -38%
- Synairgen -24%
European Metals Holdings [LON:EMH] was 59% up on the day after announcing to the market that the Cinovec project had been declared a strategic project under the EU critical raw materials act. Obtaining strategic project status offers several key advantages for developers, including the attractiveness to investors.
CMO Group LON:CMO was 30% higher on the day, although trading was thin and the spread accounts for around half of the move. The company is moving towards a delisting so such volatility is far from unusual during the process.
Empyrean Energy LON:EME was 21% higher with a drilling update this morning seeming to be the driver. This did initiate a degree of profit taking but it proved to be short lived and volumes appear to be elevated.
- UK Stock Market News: Just Group, Empyrean Energy, MediaZest
- AIM Market Roundup: GENinCode, Empyrean, Watkins Jones
Zinnwald Lithium LON:ZNWD was 38% lower after it failed to achieve strategic status on the EU critical raw materials act. Whilst the awarding body noted that the company’s Lithium project had the potential to make a significant contribution, the reality has played out with the fall in share price.
- AIM Market Roundup: Celadon Pharma, Oracle Power, Zinnwald Lithium
- Zinnwald Lithium: Germany’s answer to strategic mineral security?
Synairgen LON:SNG was 24% lower at our early copy time but again the company is moving towards a delisting. Again no news, but this is typical behaviour – the spread is very wide and volumes subdued.
