Another down day for the AIM All Share as the FTSE-100 continues its march out to fresh all time highs. The junior index finished the day two points lower at 757.65, risking a retreat back to levels last seen before the summer.
- Sorted Group +150%
- Versarien +40%
- Savannah Resources +14%
- Pulsar Helium -19%
- Nativo Resources -18%
Sorted Group [LON:SORT] was leading the pack on Thursday, up 150% with shares rallying hard off the back of news that M&S had renewed its contract. The company has been working with the retailer since 2021 and this deal extends the relationship to 2028.
Versarien LON:VRS added 40% in a curious move following news that the company had been blocked by the government on national security grounds of taking a strategic investment that would potentially keep the business running.
- AIM Market Roundup: Tomco Energy, Versarien, Mindflair
- AIM Market Roundup: Oracle Power, Versarien, EnergyPathways
Savannah Resources LON:SAV added 14% in the wake of assay results that management have described as encouraging. These complete the set from a lithium project in Portugal and will allow JORC estimates to be compiled.
Pulsar Helium [LON:PLSR] was the biggest faller, off 19% following a fundraise. This was conducted at a discount with the fall in the share price reflecting it. Proceeds will be used to advance Pulsar’s flagship Topaz helium project in Minnesota, USA and for general working capital purposes.
- Pulsar Helium makes its move on Michigan land package
- AIM Market Roundup: Uru Metals, Strategic Minerals, Pulsar Helium
Nativo Resources [LON:NTVO] was 18% lower, making its fourth appearance in the column this week. That late GM news posted last night is also a factor but the stock started the week at four month highs and has retreated 45% since then.
