London’s AIM All Share is trading higher on Wednesday, tracking the main board although gains are being eroded as we head into the close. By 4pm the junior index was almost four points higher at 774.15.
- Strategic Minerals +21%
- Catenai +20%
- Panthera Resources +14%
- Goldstone Resources -24%
- Eden Research -17%
Strategic Minerals LON:SML was 21% higher on the day approaching the close. The stock has had a good run since last week’s publication of a trading update and volumes are accelerating too. There’s no further news out but given the scale of the Tungsten resources flagged recently, there does seem to be the potential for further upside here.
- AIM Market Roundup: Uru Metals, Strategic Minerals, Pulsar Helium
- AIM Market Roundup: Strategic Minerals, Kefi Gold, Helium One
Catenai [LON:CTAI] was 20% higher but again there’s no news here. The stock saw an abortive rally in the wake of its half year report almost a month ago and whilst volumes are up again today, the spread is wide and order numbers look on the light side, too.
Panthera Resources LON:PAT gets the notable mention, adding 14% by copy time. The company issued an update on an arbitration process this morning. The development is however relatively minor with a calendar being laid out for the next 15 months, but at least the process is underway.
Goldstone Resources LON:GRL was the biggest faller by 4pm, off 24%. No news and the volumes are slightly elevated but the fall is within the quoted spread.
Eden Research LON:EDEN was 17% down at the time of writing although again the spread is wide, only a handful of orders seem to have been executed so far and the move equates to a handing back of gains posted over the last few sessions.
