The AIM All Share is inching ever closer to the key 700 level although that psychological mark continues to elude – at least for now. At 330pm on Thursday, the index was just over one point higher at 695.07.
- Premier African Minerals +112%
- UK Oil & Gas +33%
- Naked Wines +28%
- ADVFN -50%
- Celadon Pharmaceuticals -21%
Premier African Minerals LON:PREM was up 112% on the day. However there’s no material news out to support the move, which comes off the back of several sessions of elevated trade volume.
- Small Cap Stocks: Premier African, Global Petroleum, Helix Exploration
- Premier African Minerals: light at the end of the tunnel?
UK Oil & Gas LON:UKOG was 33% higher but again there’s no formal news out here. The UK government has however committed to removing the climate levy from hydrogen production so that could be a factor to consider.
- UK Stock Market News: Standard Chartered, Poolbeg Pharma, UK Oil & Gas
- Small Cap Stocks: Eco Buildings, IXICO, Electric Guitar
Naked Wines LON:WINE gets the notable mention, up 28% on the day. The company announced a new strategic plan this morning, which included some fairly blunt objectives including boosting cash from selling down inventory and achieving sustainable revenue growth, Regardless, the market appreciated the news.
- UK Stock Market News: Naked Wines, WH Smith, AJ Bell
- Three Quick Facts: Ashtead, Naked Wines, Moonpig
ADVFN LON:AFN was the biggest faller, down 50% as the company became the latest to suggest a move to a matched bargain facility rather than persisting with the AIM listing. Volatility is typical during this phase often owing to limited free float.
- Small Cap Stocks: RBG, Hummingbird, Loungers
- Small Cap Stocks: Powerhouse Energy, T42, ADVFN, ValiRx, Distil
Celadon Pharmaceuticals LON:CEL slipped 21%. Again the company proposed delisting at the start of the week and there has been some downside pressure emerging off the back of this.
