In line with many other global indices, the AIM All Share has had a tough start to the week amidst US recession fears. The All Share finished the day down more than 11 points at 683.16.
- GCM Resources +30%
- Cora Gold +27%
- Dekel Agri-V +11%
- Biome Technologies -20%
- ZOO Digital -18%
GCM Resources LON:GCM was the biggest riser, up 30% on the day. The interim Bangladesh government has been making overtures that could see a return to open pit mining, reopening a site owned by GCM.
- AIM Market Roundup: GCM Resources, Deltic Energy, Solid State
- Small Cap Stocks: Synectics, GCM, Chariot O&G
Cora Gold LON:CORA was 27% higher, with the stock gaining after an announcement this morning that the Mail government had partially lifted a suspension on the allocation of mining titles. The company has been actively engaging with the government over the suspension period and believes it is well placed to benefit from a change in tactics.
Dekel Agri-V LON:DKL gets the notable mention, up 11% after issuing a production update this morning. Output is being sustained but with prices significantly higher and volumes sold increasing, revenues for February are expected to be 70% up year-on-year.
Biome Technologies LON:BIOM was the biggest faller, down 20% on the day. A small number of lumpy trades appears to be behind the move and the drop is well within the quoted closing spread.
- Biome’s long-term prospects remain promising despite short-term challenges
- Three Quick Facts: Botswana Diamonds, Biome Technologies, Fletcher King
ZOO Digital LON:ZOO is off 18%. There’s no news here but volumes are notably elevated compared with typical levels and the stock is now testing multi-year lows.
