It has been a familiar pattern for the AIM All Share on Tuesday with early gains being slowly eroded during the session. Market activity remains thin on the ground as the slow period around the August bank holiday nears but there’s certainly been some action at the stock specific level. The Index ended the day just over one point higher at 762.27.
- Nativo Resources +27%
- Anglesey Mining +21%
- Tribal Group +17%
- Mobile Tornado -17%
- Versarien -13%
Nativo Resources [LON:NTVO] topped the board, up 27% and reversing yesterday’s position where it was one of the biggest fallers. As we noted at the time, volumes were thin and there was no news although in addition to the buying interest, the spread has narrowed.
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Anglesey Mining LON:AYM was the second biggest riser, up 21%. A derivatives provider advised that it had sold down a position this morning but the stock also struggled following last week’s corporate update and some buying interest now seems to be emerging.
Tribal Group LON:TRB was 17% higher to take the notable mention, rising in the wake of interims the key take away here was a series of recent sales bolstering confidence that the company may deliver FY25 results ahead of expectations.
Mobile Tornado LON:MBT was the biggest faller, although losses were a modest 17%. The company is navigating its way off exchange and such volatility is typical during this phase
Versarien LON:VRS was the second biggest faller, off 13% but price action has been limited through the session and this is within the quoted closing spread. The company remains on the rocks and shareholders have been left under no illusion that their investments could be at stake.
