UK equities have been charging higher on Thursday in the wake of fresh US sanctions over Russian oil and the junior market hasn’t been left out. Just after 3pm, the AIM All Share was almost six points higher at 733.92.
- Sareum Holdings +18%
- Aurrigo International +15%
- Thor Energy +15%
- Empresaria -25%
- Vast Resources -24%
Approaching the close and Sareum Holdings LON:SAR has the best performer, up 18%. The publication of full year results gave investors something to cheer, with management noting good progress across the pipeline. Whilst there have been hiccups, the market is seemingly viewing this as a glass half full situation.
Aurrigo International [LON:AURR] was in second place at copy time, up 15%. There’s no news here however but this is a thinly traded stock and the gain is within the quoted spread.
Thor Energy LON:THR gets the notable mention, up 15% by 3pm. The company signed a binding agreement with DISA Technologies this morning which may help it extract value from redundant Uranium sites. The US authorities have also granted a user license to the allow the remediation of abandoned uranium waste.
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Empresaria LON:EMR was the biggest faller. This morning the company issued an update noting that a potential suitor had walked away, dashing hopes of many of an exit. The stock was down 25% at copy time.
Vast Resources LON:VAST was the second biggest faller, coming off the back of funding news. The sell off still leaves the stock trading at a modest premium to the new raise, with proceeds being used for debt repayment, bolstering the balance sheet ahead of the year end and progressing other projects.
