It has been a miserable start to the week for the AIM All Share, losing more than 7 points and making its biggest one day percentage fall of the year so far.
- Petrel Resources +27%
- EnergyPathways +22%
- Celsius Resources +22%
- Great Western Mining -30%
- Synergia Energy -16%
Petrel Resources [LON:PET] was the day’s best performer, up 27%. There’s only been thin trade here and the gain is within the quoted spread. There’s no news.
EnergyPathways [LON:EPP] provided a well received update this morning including news of cornerstone financing having reached the MoU phase. There’s also an expectation that a license determination will be made imminently.
Celsius Resources [LON:CLA] was up 22% after news broke that an associate firm in the Philippines had received government funding to jumpstart development, removing the burden of finding the cash from Celsius. Clearly this highlight’s the state’s interest in pursuing rare earth extraction in the country.
Great Western Mining [LON:GWMO] was the biggest faller, off 30% at the bell. News out today related to a share consolidation which is rarely seen as a positive move, instead shifting the denomination to a more reasonable level often to assist in the next raise.
Synergia Energy [LON:SYN] was in second to last place, off 16%. That follows news of a fundraise at 0.03p per share so today’s sell off accurately reflects that new issuance price.
