It may be another day of modest point-and-a-half gains for the AIM All Share but there’s a cumulative effect here, with the index now up more than 2% over the last five sessions, closing at 696.05.
- Priority Intelligence +37%
- Niox Group +25%
- Coral Products +17%
- URU Metals -23%
- Tungsten West -22%
Another day of gains for Priority Intelligence [LON:PR1] with shares continuing to find support off the back of news released earlier in the week regarding the development of an AI hub. There is admittedly a wide spread here but the stock is now trading back at levels last seen at the start of the year.
Niox Group [LON:NIOX] was 25% higher after the company confirmed media speculation regarding a bid approach of 81p per share, which it would be minded to approve. Discussions remain at a preliminary stage but the share price remains some way short of the level bid for now.
Coral Products LON:CRU gets the notable mention, up 17%. Mid-session, the company issued a note highlighting that a subsidiary had signed a three year contract which should generate sales of £1.5m-£2m per annum. The note added that another retooling process had completed which would allow it to in-source a further £3m worth of work a year.
URU Metals LON:URU was 23% lower. The company is nearing a share split which is intended to improve liquidity but trade today was limited and there’s nothing else that appears to be behind the move.
Tungsten West LON:TUN slipped 22%. There’s no specific news out here but the stock has posted meaningful gains over the last couple of weeks possibly fuelled by speculation that an announcement is imminent.
