Approaching 4pm and the AIM All Share continues to grind its way higher, adding a further two and a half points on Tuesday to sit at 766.47 approaching the bell. This morning’s rising unemployment data arguably bodes well for a more accommodative view from the Bank of England which in turn ought to lend further support to stocks.
- Future Metals +42%
- Tower Resources +35%
- Distil +32%
- Great Western Mining -32%
- Metals One -31%
Future Metals [LON:FME] added 42% at copy time amidst lumpy trade. There’s no news out here but some meaningful volume has been transacted, although the spread is taking up around one third of the gain.
Tower Resources LON:TRP was 35% higher following a release this morning that a subsidiary organisation had been awarded a rig contract. Commercial terms are confidential, but the note discloses that the deal is more favourable than one that had been planned.
Distil LON:DIS gets the notable mention, up 32% following news that Dr Graham Cooley has again extended his holding in the company. This now exceeds 20%, whilst next week’s official opening of the Scottish distillery is giving further cause for optimism.
Great Western Mining LON:GWMO was 32% lower following this morning’s placing news. The money will be used to support a number of physical projects as well as recruiting further talent, with the fall in share price reflecting the discount offered on the new capital.
Metals One [LON:MET1] sat 31% lower at the time of writing following an update following the completion of an acquisition. We have noted previously that a slew of corporate actions seem to be having a dilutive effect on the stock and that’s seemingly overhanging the good news.
