Despite making a positive start to the session, the AIM All Share finished the day underwater, knocked off course by worse than expected US weekly jobless claims numbers. The junior index finished down just over one point at 718.04, its lowest close in more than two weeks.
- Mirriad Advertising +51%
- Goldstone Resources +32%
- Nativo Resources +13%
- Karelian Diamond -40%
- Zoo Digital -37%
Mirriad Advertising [LON:MIRI] was the biggest riser, up 51% on the day. There was a non-regulatory release made yesterday regarding a partnership with a major consumer packaged goods brand. The fact this wasn’t noted as an RNS may be cause for discussion, but the campaign was said to demonstrate the effectiveness of Mirriad’s streaming-age content format. Trade in the stock was notably intense.
- AIM Market Roundup: Distil, Orchard Funding, Mirriad Ads
- Three Quick Facts: Next, Mirriad, Serica Energy
Goldstone Resources [LON:GRL] added 32%. The company reported mid-session that a major shareholder had disposed of their 15% stake but evidently there have been no shortage of buyers ready to jump in.
- Small Cap Stocks: Catenai, Genip, ValiRx
- Small Cap Stocks: Oracle Power, Surface Transforms, Goldstone Resources
Nativo Resources [LON:NTVO] gets the notable mention, up 13%. Volumes were significantly up news that a new investor had built up a disclosable stake potentially helping lend support. The gain was barely above the closing spread however.
Karelian Diamond [LON:KDR] was down 40% following its funding news. The raise was for just over £300k and the money will be used to continue with the company’s initial exploration work for Nickel-Copper-Platinum Group Elements in Northern Ireland. Today’s share price fall reflects the discounted fundraise.
Zoo Digital [LON:ZOO] was in second to last place, down 37% at the bell. A trading update out this morning provided plenty worth cheering but investors took the glass half empty view with uncertainty over the timing of new projects combined with lower dubbing revenues acting as catalysts for the sell-off. Whether that’s warranted remains to be seen.
